Compass Minerals International (NYSE:CMP) had its price target upped by JPMorgan Chase & Co. from $55.00 to $60.00 in a research note issued to investors on Thursday, Stock Target Advisor reports. JPMorgan Chase & Co. currently has an overweight rating on the basic materials company’s stock.
Several other analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Compass Minerals International from a hold rating to a buy rating and set a $65.00 price objective for the company in a research note on Monday, November 4th. BMO Capital Markets dropped their price objective on shares of Compass Minerals International to $55.00 and set a market perform rating for the company in a research note on Thursday. ValuEngine upgraded shares of Compass Minerals International from a sell rating to a hold rating in a research note on Wednesday. Finally, Deutsche Bank dropped their price objective on shares of Compass Minerals International from $60.00 to $55.00 and set a hold rating for the company in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of Hold and an average target price of $56.61.
Shares of NYSE CMP traded up $0.39 during mid-day trading on Thursday, reaching $56.93. 317,027 shares of the company were exchanged, compared to its average volume of 314,316. The company’s 50-day simple moving average is $56.36 and its 200-day simple moving average is $54.51. The company has a quick ratio of 1.14, a current ratio of 2.26 and a debt-to-equity ratio of 2.44. The stock has a market capitalization of $2.00 billion, a P/E ratio of 29.50 and a beta of 1.36. Compass Minerals International has a twelve month low of $38.19 and a twelve month high of $60.14.
Compass Minerals International (NYSE:CMP) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.37). Compass Minerals International had a return on equity of 10.90% and a net margin of 3.89%. The company had revenue of $341.30 million for the quarter, compared to analyst estimates of $351.89 million. During the same quarter in the prior year, the business posted $0.37 EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts expect that Compass Minerals International will post 2.53 EPS for the current year.
In other Compass Minerals International news, insider Kevin S. Crutchfield acquired 2,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was acquired at an average price of $49.46 per share, for a total transaction of $98,920.00. Following the purchase, the insider now directly owns 2,000 shares of the company’s stock, valued at $98,920. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the business. First Trust Advisors LP increased its holdings in Compass Minerals International by 34.3% in the 1st quarter. First Trust Advisors LP now owns 26,708 shares of the basic materials company’s stock valued at $1,452,000 after buying an additional 6,814 shares during the period. Ridgewood Investments LLC increased its holdings in Compass Minerals International by 19.3% in the 2nd quarter. Ridgewood Investments LLC now owns 9,837 shares of the basic materials company’s stock valued at $541,000 after buying an additional 1,594 shares during the period. Nisa Investment Advisors LLC increased its holdings in Compass Minerals International by 199.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 22,300 shares of the basic materials company’s stock valued at $1,225,000 after buying an additional 14,850 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Compass Minerals International by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,706 shares of the basic materials company’s stock valued at $753,000 after buying an additional 194 shares during the period. Finally, We Are One Seven LLC increased its holdings in Compass Minerals International by 4.7% in the 2nd quarter. We Are One Seven LLC now owns 10,303 shares of the basic materials company’s stock valued at $566,000 after buying an additional 461 shares during the period. Institutional investors and hedge funds own 92.26% of the company’s stock.
Compass Minerals International Company Profile
Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates through three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with salt to produce specialty products.
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