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

Shares of Compass Minerals International, Inc. (NYSE:CMP) have received a consensus rating of “Reduce” from the five brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $27.00.

A number of analysts have weighed in on CMP shares. BMO Capital Markets reiterated a “market perform” rating on shares of Compass Minerals International in a research note on Tuesday, October 6th. Wall Street Zen lowered shares of Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Compass Minerals International from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, August 31st. Compass Point set a $27.00 price target on shares of Compass Minerals International in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $27.00 price target (down from $30.00) on shares of Compass Minerals International in a research note on Monday, August 10th.

Compass Minerals International Trading Up 0.5%

CMP opened at $22.90 on Tuesday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.98 and a current ratio of 2.01. The stock’s 50 day moving average price is $24.61 and its 200-day moving average price is $27.07. Compass Minerals International has a one year low of $16.40 and a one year high of $34.50. The stock has a market cap of $961.22 million, a price-to-earnings ratio of 53.25 and a beta of 1.25.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). Compass Minerals International had a return on equity of 12.75% and a net margin of 1.42%. The business had revenue of $215.30 million for the quarter, compared to the consensus estimate of $207.75 million. During the same period in the prior year, the business posted ($0.39) earnings per share. Compass Minerals International’s revenue was up .3% on a year-over-year basis. On average, equities analysts forecast that Compass Minerals International will post 0.93 EPS for the current year.

Institutional Investors Weigh In On Compass Minerals International

Several large investors have recently added to or reduced their stakes in CMP. SailingStone Capital Partners LLC increased its position in shares of Compass Minerals International by 6.1% during the fourth quarter. SailingStone Capital Partners LLC now owns 5,414,067 shares of the basic materials company’s stock worth $106,332,000 after acquiring an additional 308,957 shares during the period. Engine Capital Management LP boosted its holdings in shares of Compass Minerals International by 275.4% in the first quarter. Engine Capital Management LP now owns 1,439,065 shares of the basic materials company’s stock valued at $33,602,000 after purchasing an additional 1,055,740 shares during the period. Irenic Capital Management LP purchased a new stake in shares of Compass Minerals International in the first quarter valued at approximately $33,520,000. Bank of America Corp DE grew its stake in Compass Minerals International by 692.8% in the first quarter. Bank of America Corp DE now owns 1,253,045 shares of the basic materials company’s stock worth $29,259,000 after purchasing an additional 1,094,987 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Compass Minerals International by 18.2% in the first quarter. Dimensional Fund Advisors LP now owns 913,683 shares of the basic materials company’s stock worth $21,333,000 after purchasing an additional 140,918 shares in the last quarter. 99.78% of the stock is owned by hedge funds and other institutional investors.

About Compass Minerals International

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.