Brokerages Set Compass Minerals International, Inc. (NYSE:CMP) PT at $22.00

Shares of Compass Minerals International, Inc. (NYSE:CMP) have received a consensus rating of “Reduce” from the five ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $22.00.

CMP has been the subject of a number of recent analyst reports. Zacks Research raised Compass Minerals International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. BMO Capital Markets boosted their price objective on shares of Compass Minerals International from $20.00 to $25.00 and gave the stock a “market perform” rating in a research note on Monday, January 5th. Wall Street Zen raised shares of Compass Minerals International from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Compass Minerals International from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Finally, Compass Point set a $22.00 price target on shares of Compass Minerals International in a report on Tuesday, December 16th.

Institutional Trading of Compass Minerals International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ewing Morris & Co. Investment Partners Ltd. lifted its holdings in shares of Compass Minerals International by 201.7% during the second quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,280,648 shares of the basic materials company’s stock worth $25,728,000 after buying an additional 856,149 shares during the last quarter. Millennium Management LLC grew its stake in shares of Compass Minerals International by 379.4% in the third quarter. Millennium Management LLC now owns 522,108 shares of the basic materials company’s stock worth $10,024,000 after acquiring an additional 413,205 shares during the last quarter. Vanguard Group Inc. increased its position in Compass Minerals International by 14.7% during the third quarter. Vanguard Group Inc. now owns 2,775,116 shares of the basic materials company’s stock worth $53,282,000 after acquiring an additional 354,960 shares during the period. American Century Companies Inc. raised its stake in Compass Minerals International by 57.6% during the 2nd quarter. American Century Companies Inc. now owns 916,088 shares of the basic materials company’s stock valued at $18,404,000 after purchasing an additional 334,857 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in 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 valued at $6,433,000 after purchasing an additional 331,127 shares during the last quarter. Institutional investors and hedge funds own 99.78% of the company’s stock.

Compass Minerals International Trading Down 3.9%

Compass Minerals International stock opened at $23.31 on Friday. Compass Minerals International has a one year low of $8.60 and a one year high of $24.53. The company’s fifty day moving average price is $19.58 and its two-hundred day moving average price is $19.46. The company has a debt-to-equity ratio of 3.55, a current ratio of 2.15 and a quick ratio of 0.98. The company has a market capitalization of $974.82 million, a price-to-earnings ratio of -12.14 and a beta of 1.17.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Monday, December 8th. The basic materials company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.02). The company had revenue of $227.50 million for the quarter, compared to the consensus estimate of $223.72 million. Compass Minerals International had a negative return on equity of 8.22% and a negative net margin of 6.42%.The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.77) EPS. On average, analysts forecast that Compass Minerals International will post -0.53 earnings per share for the current fiscal year.

Compass Minerals International Company Profile

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.