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

Shares of Compass Minerals International, Inc. (NYSE:CMP) have been given an average rating of “Hold” by the five brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $28.80.

CMP has been the subject of a number of recent research reports. Compass Point set a $30.00 price objective on shares of Compass Minerals International in a research report on Thursday, May 14th. Wall Street Zen downgraded shares of Compass Minerals International from a “buy” rating to a “hold” rating in a report on Sunday. 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. Zacks Research lowered Compass Minerals International from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Weiss Ratings upgraded Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, June 18th.

Compass Minerals International Trading Down 0.1%

NYSE CMP opened at $29.91 on Friday. 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 fifty-two week low of $16.40 and a fifty-two week high of $34.50. The stock has a 50 day simple moving average of $29.63 and a two-hundred day simple moving average of $25.41. The stock has a market cap of $1.26 billion, a P/E ratio of 199.43 and a beta of 1.24.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Fifth Third Bancorp grew its stake in Compass Minerals International by 6,266.7% in the 1st quarter. Fifth Third Bancorp now owns 1,719 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 1,692 shares during the period. Comerica Bank raised its stake in shares of Compass Minerals International by 80.0% in the 4th quarter. Comerica Bank now owns 1,868 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 830 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Compass Minerals International by 94.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,216 shares of the basic materials company’s stock valued at $52,000 after buying an additional 1,076 shares during the period. Meeder Asset Management Inc. purchased a new position in Compass Minerals International in the first quarter valued at $70,000. Finally, Headlands Technologies LLC acquired a new position in shares of Compass Minerals International during the second quarter worth $83,000. 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.