Compass Minerals International, Inc. (NYSE:CMP) Stock Has Average Target Price of $27.00

Shares of Compass Minerals International, Inc. (NYSE:CMP) have earned an average rating of “Reduce” from the five ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $27.00.

Several research analysts have issued reports on CMP shares. Weiss Ratings upgraded shares of Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 28th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $27.00 price target (down from $30.00) on shares of Compass Minerals International in a report on Monday, August 10th. Wall Street Zen cut shares of Compass Minerals International from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Compass Point set a $27.00 price target on shares of Compass Minerals International in a research report on Monday, August 10th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Compass Minerals International in a research note on Tuesday, October 6th.

Hedge Funds Weigh In On Compass Minerals International

A number of large investors have recently bought and sold shares of the business. O Keefe Stevens Advisory Inc. raised its holdings in Compass Minerals International by 4.1% in the third quarter. O Keefe Stevens Advisory Inc. now owns 657,161 shares of the basic materials company’s stock worth $14,484,000 after purchasing an additional 25,889 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Compass Minerals International during the second quarter valued at about $43,000. Allworth Financial LP boosted its holdings in shares of Compass Minerals International by 454.3% in the 2nd quarter. Allworth Financial LP now owns 1,929 shares of the basic materials company’s stock valued at $60,000 after buying an additional 1,581 shares in the last quarter. Corient Private Wealth LP bought a new stake in shares of Compass Minerals International in the 2nd quarter valued at about $757,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Compass Minerals International in the 2nd quarter valued at about $423,000. Institutional investors own 99.78% of the company’s stock.

Compass Minerals International Price Performance

CMP opened at $22.90 on Tuesday. The company has a market capitalization of $961.22 million, a price-to-earnings ratio of 53.25 and a beta of 1.25. The company has a current ratio of 2.01, a quick ratio of 0.98 and a debt-to-equity ratio of 2.72. Compass Minerals International has a 12-month low of $16.40 and a 12-month high of $34.50. The business’s fifty day simple moving average is $24.61 and its 200-day simple moving average is $27.07.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.08). The firm had revenue of $215.30 million during the quarter, compared to the consensus estimate of $207.75 million. Compass Minerals International had a net margin of 1.42% and a return on equity of 12.75%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.39) earnings per share. On average, equities research analysts anticipate that Compass Minerals International will post 0.93 earnings per share for the current fiscal year.

Compass Minerals International Company Profile

Compass Minerals International, Inc is a producer of essential minerals serving the transportation, agriculture, consumer products and industrial markets. The company’s principal businesses are salt and plant nutrition, with operations and customers primarily in North America.

Compass Minerals produces highway deicing salt used by transportation agencies and municipalities to help keep roads clear during winter weather. It also supplies salt for food processing, water treatment, animal feed, chemical manufacturing and other industrial and consumer applications.