Compass Minerals International, Inc. (NYSE:CMP) Given Average Recommendation of “Hold” by Brokerages

Compass Minerals International, Inc. (NYSE:CMP) has earned an average rating of “Hold” from the five analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $28.80.

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Compass Minerals International from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $20.00 to $30.00 in a research report on Thursday, May 14th. Zacks Research downgraded shares of Compass Minerals International from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Wall Street Zen upgraded shares of Compass Minerals International from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $35.00 price target on shares of Compass Minerals International in a report on Wednesday, May 27th. Finally, Weiss Ratings lowered shares of Compass Minerals International from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd.

Compass Minerals International Stock Performance

Shares of Compass Minerals International stock opened at $29.34 on Wednesday. The business’s 50 day moving average price is $27.54 and its 200 day moving average price is $23.98. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 195.57 and a beta of 1.23. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.34 and a current ratio of 2.06. Compass Minerals International has a one year low of $16.40 and a one year high of $34.50.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. Compass Minerals International had a return on equity of 8.99% and a net margin of 0.55%.The company had revenue of $453.20 million during the quarter, compared to analysts’ expectations of $418.97 million. During the same period in the prior year, the business earned $0.63 EPS. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. On average, research analysts predict that Compass Minerals International will post 0.82 EPS for the current year.

Hedge Funds Weigh In On Compass Minerals International

Several large investors have recently modified their holdings of CMP. Irenic Capital Management LP acquired a new stake in shares of Compass Minerals International during the 1st quarter worth about $33,520,000. Gumshoe Capital Management LLC acquired a new position in Compass Minerals International in the fourth quarter valued at about $24,842,000. Bank of America Corp DE lifted its position 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 valued at $29,259,000 after buying an additional 1,094,987 shares during the last quarter. Engine Capital Management LP boosted its stake in Compass Minerals International by 275.4% during the first quarter. Engine Capital Management LP now owns 1,439,065 shares of the basic materials company’s stock worth $33,602,000 after buying an additional 1,055,740 shares during the period. Finally, Ewing Morris & Co. Investment Partners Ltd. boosted its stake in 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 period. Institutional investors and hedge funds own 99.78% of the company’s stock.

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.