Brokerages Set Compass Minerals International, Inc. (NYSE:CMP) PT at $26.00

Shares of Compass Minerals International, Inc. (NYSE:CMP) have earned a consensus rating of “Hold” from the five analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $26.00.

Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Compass Minerals International from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Compass Point set a $30.00 target price on shares of Compass Minerals International in a report on Thursday, May 14th. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $20.00 to $30.00 in a report on Thursday, May 14th. Zacks Research cut shares of Compass Minerals International from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Compass Minerals International from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th.

Compass Minerals International Price Performance

Shares of CMP opened at $29.44 on Friday. The company has a market capitalization of $1.24 billion, a P/E ratio of 196.26 and a beta of 1.18. The company has a quick ratio of 1.34, a current ratio of 2.06 and a debt-to-equity ratio of 2.60. The firm has a 50 day moving average of $25.20 and a 200 day moving average of $22.61. Compass Minerals International has a twelve month low of $16.40 and a twelve month high of $32.39.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. The company had revenue of $453.20 million during the quarter, compared to the consensus estimate of $418.97 million. Compass Minerals International had a net margin of 0.55% and a return on equity of 8.99%. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 earnings per share. As a group, equities research analysts anticipate that Compass Minerals International will post 0.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Compass Minerals International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP boosted its stake in shares of Compass Minerals International by 357.0% during the 3rd quarter. GSA Capital Partners LLP now owns 63,742 shares of the basic materials company’s stock worth $1,224,000 after acquiring an additional 49,793 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in shares of Compass Minerals International during the 3rd quarter worth $806,000. O Keefe Stevens Advisory Inc. boosted its stake in shares of Compass Minerals International by 4.2% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 593,887 shares of the basic materials company’s stock worth $11,664,000 after acquiring an additional 23,860 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Compass Minerals International during the 3rd quarter worth $422,000. Finally, Federated Hermes Inc. boosted its stake in shares of Compass Minerals International by 8,417.1% during the 3rd quarter. Federated Hermes Inc. now owns 335,061 shares of the basic materials company’s stock worth $6,433,000 after acquiring an additional 331,127 shares during the last quarter. Hedge funds and other institutional investors own 99.78% of the company’s stock.

About Compass Minerals International

Compass Minerals International, Inc is a global producer of essential mineral-based products, primarily known for its salt and plant nutrition portfolios. The company’s deicing salts are used by municipalities and commercial customers across North America to maintain safer roadways in winter months. In addition, its water conditioning salts serve both residential and industrial users, supporting water treatment systems that remove hard minerals to protect plumbing and equipment.

Beyond conventional salt products, Compass Minerals has developed a specialty plant nutrition business focused on sulfate of potash (SOP), a premium fertilizer that provides both potassium and sulfur to crops.