Compass Minerals International (NYSE:CMP) Price Target Cut to $55.00 by Analysts at Deutsche Bank

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Compass Minerals International (NYSE:CMP) had its target price reduced by Deutsche Bank from $60.00 to $55.00 in a research report released on Tuesday morning, BenzingaRatingsTable reports. They currently have a hold rating on the basic materials company’s stock.

A number of other brokerages have also recently issued reports on CMP. BMO Capital Markets set a $60.00 target price on shares of Compass Minerals International and gave the company a hold rating in a research report on Thursday, May 2nd. Zacks Investment Research cut shares of Compass Minerals International from a hold rating to a sell rating in a research report on Monday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Compass Minerals International has a consensus rating of Hold and an average target price of $57.21.

Shares of Compass Minerals International stock opened at $51.42 on Tuesday. The company has a 50-day simple moving average of $54.42. The company has a market capitalization of $1.79 billion, a PE ratio of 26.64 and a beta of 1.33. Compass Minerals International has a 52-week low of $38.19 and a 52-week high of $70.40. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.14 and a current ratio of 2.26.

Compass Minerals International (NYSE:CMP) last announced its earnings results on Tuesday, August 6th. The basic materials company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.13). The business had revenue of $245.20 million during the quarter, compared to the consensus estimate of $250.99 million. Compass Minerals International had a net margin of 4.09% and a return on equity of 11.01%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.23) EPS. Equities analysts anticipate that Compass Minerals International will post 2.57 EPS for the current year.

Several institutional investors have recently made changes to their positions in CMP. Norges Bank bought a new stake in shares of Compass Minerals International in the fourth quarter valued at about $10,894,000. Lodge Hill Capital LLC acquired a new position in Compass Minerals International in the second quarter valued at about $7,495,000. Wells Fargo & Company MN raised its stake in Compass Minerals International by 31.7% in the second quarter. Wells Fargo & Company MN now owns 458,686 shares of the basic materials company’s stock valued at $25,206,000 after purchasing an additional 110,302 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in Compass Minerals International by 9.4% in the second quarter. Deprince Race & Zollo Inc. now owns 1,183,046 shares of the basic materials company’s stock valued at $65,008,000 after purchasing an additional 101,186 shares in the last quarter. Finally, Keeley Teton Advisors LLC raised its stake in Compass Minerals International by 295.6% in the second quarter. Keeley Teton Advisors LLC now owns 109,585 shares of the basic materials company’s stock valued at $6,022,000 after purchasing an additional 81,884 shares in the last quarter. 93.85% of the stock is owned by institutional investors.

About Compass Minerals International

Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates through three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with salt to produce specialty products.

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