Compass Minerals International, Inc. (NYSE:CMP) Receives Consensus Recommendation of “Reduce” from Analysts

Compass Minerals International, Inc. (NYSE:CMP) has been assigned a consensus rating of “Reduce” from the five research firms that are presently covering the company, MarketBeat reports. Two research 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 12-month target price among analysts that have covered the stock in the last year is $27.00.

CMP has been the subject of several research analyst reports. JPMorgan Chase & Co. restated an “underweight” rating and issued a $27.00 price objective (down from $30.00) on shares of Compass Minerals International in a research report on Monday, August 10th. Wall Street Zen cut Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Weiss Ratings upgraded Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 28th. Compass Point set a $27.00 price target on Compass Minerals International in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Compass Minerals International from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, August 31st.

Compass Minerals International Stock Up 0.3%

Shares of NYSE:CMP opened at $23.93 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.01 and a debt-to-equity ratio of 2.72. The firm has a market cap of $1.00 billion, a P/E ratio of 55.65 and a beta of 1.22. Compass Minerals International has a 12 month low of $16.40 and a 12 month high of $34.50. The company’s 50-day moving average price is $26.94 and its two-hundred day moving average price is $27.12.

Compass Minerals International (NYSE:CMP) last announced its 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 company had revenue of $215.30 million for the quarter, compared to analyst estimates of $207.75 million. During the same quarter in the previous year, the company posted ($0.39) earnings per share. Compass Minerals International’s revenue for the quarter was up .3% on a year-over-year basis. As a group, research analysts forecast that Compass Minerals International will post 0.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CMP. Integrated Wealth Concepts LLC bought a new stake in shares of Compass Minerals International during the second quarter worth approximately $43,000. Fifth Third Bancorp boosted its stake in Compass Minerals International by 6,266.7% in the first 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 last quarter. Allworth Financial LP boosted its stake in Compass Minerals International by 454.3% in the second quarter. Allworth Financial LP now owns 1,929 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 1,581 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Compass Minerals International by 94.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,216 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 1,076 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Compass Minerals International during the 1st quarter worth $70,000. Institutional investors own 99.78% of the company’s stock.

Compass Minerals International Company Profile

Compass Minerals International, Inc is a producer of essential minerals serving customers in North America and selected international markets. Headquartered in Overland Park, Kansas, the company operates through two principal businesses: Salt and Plant Nutrition.

The Salt business produces and markets salt for highway deicing, consumer and commercial food use, water conditioning, agriculture, and industrial applications. Compass Minerals operates underground and solar-evaporation facilities, including the Goderich salt mine in Ontario, Canada, and the Cote Blanche mine in Louisiana.