Brokerages Set Compass Minerals International, Inc. (CMP) PT at $73.00
Compass Minerals International, Inc. (NYSE:CMP) has received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $73.00.
A number of research analysts have recently commented on CMP shares. Stifel Nicolaus reiterated a “buy” rating and issued a $84.00 price target on shares of Compass Minerals International in a research note on Thursday, September 21st. Zacks Investment Research cut Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub upgraded Compass Minerals International from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. J P Morgan Chase & Co upgraded Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 price target for the company in a research note on Monday, September 25th. Finally, Credit Suisse Group set a $63.00 price target on Compass Minerals International and gave the company a “hold” rating in a research note on Wednesday, August 9th.
TRADEMARK VIOLATION NOTICE: “Brokerages Set Compass Minerals International, Inc. (CMP) PT at $73.00” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.watchlistnews.com/brokerages-set-compass-minerals-international-inc-cmp-pt-at-73-00/1601679.html.
Compass Minerals International (NYSE CMP) traded up 0.78% during midday trading on Thursday, hitting $64.90. The stock had a trading volume of 434,719 shares. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 18.13 and a beta of 0.46. Compass Minerals International has a 1-year low of $59.72 and a 1-year high of $84.40. The company has a 50-day moving average of $67.05 and a 200-day moving average of $67.16.
Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Monday, August 7th. The basic materials company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.12). Compass Minerals International had a net margin of 9.83% and a return on equity of 10.01%. The firm had revenue of $228.00 million during the quarter, compared to the consensus estimate of $261.13 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The firm’s revenue was up 34.5% on a year-over-year basis. Equities research analysts forecast that Compass Minerals International will post $2.79 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.72 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $2.88 dividend on an annualized basis and a yield of 4.44%. Compass Minerals International’s payout ratio is 80.45%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in Compass Minerals International by 22.8% in the second quarter. BlackRock Inc. now owns 3,532,489 shares of the basic materials company’s stock valued at $230,671,000 after purchasing an additional 656,762 shares during the period. Vanguard Group Inc. increased its holdings in Compass Minerals International by 1.4% in the second quarter. Vanguard Group Inc. now owns 3,040,104 shares of the basic materials company’s stock valued at $198,519,000 after purchasing an additional 41,002 shares during the period. State Street Corp increased its holdings in Compass Minerals International by 23.3% in the second quarter. State Street Corp now owns 1,615,191 shares of the basic materials company’s stock valued at $105,474,000 after purchasing an additional 305,111 shares during the period. Janus Henderson Group PLC acquired a new stake in Compass Minerals International in the second quarter valued at $73,452,000. Finally, Morningstar Investment Services LLC increased its holdings in Compass Minerals International by 28.3% in the second quarter. Morningstar Investment Services LLC now owns 1,065,984 shares of the basic materials company’s stock valued at $69,609,000 after purchasing an additional 235,138 shares during the period.
Compass Minerals International Company Profile
Compass Minerals International, Inc (CMI) is a provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes.
Receive News & Ratings for Compass Minerals International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Minerals International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.