Stifel Nicolaus reissued their buy rating on shares of Compass Minerals International, Inc. (NYSE:CMP) in a report published on Wednesday morning. The brokerage currently has a $84.00 target price on the basic materials company’s stock.
Several other equities research analysts also recently issued reports on CMP. BidaskClub upgraded Compass Minerals International from a sell rating to a hold rating in a report on Wednesday, July 12th. Zacks Investment Research downgraded Compass Minerals International from a hold rating to a sell rating in a report on Tuesday, August 1st. Credit Suisse Group set a $63.00 price target on Compass Minerals International and gave the company a hold rating in a report on Wednesday, August 9th. J P Morgan Chase & Co upgraded Compass Minerals International from a neutral rating to an overweight rating and set a $70.00 price target for the company in a report on Monday, September 25th. Finally, Monness Crespi & Hardt upgraded Compass Minerals International from a neutral rating to a buy rating and set a $76.00 price target for the company in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $73.60.
Compass Minerals International (NYSE CMP) opened at $65.75 on Wednesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.52 and a quick ratio of 0.99. The firm has a market cap of $2.23 billion, a P/E ratio of 27.05 and a beta of 0.49.
Compass Minerals International (NYSE:CMP) last posted its quarterly earnings data on Monday, October 30th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.20). Compass Minerals International had a return on equity of 11.52% and a net margin of 10.72%. The business had revenue of $290.70 million for the quarter, compared to analysts’ expectations of $323.76 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Compass Minerals International’s revenue for the quarter was up 61.9% compared to the same quarter last year. equities research analysts predict that Compass Minerals International will post 2.62 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of CMP. BlackRock Inc. increased its holdings in shares of Compass Minerals International by 5,576.2% in the 1st quarter. BlackRock Inc. now owns 2,875,727 shares of the basic materials company’s stock valued at $195,118,000 after acquiring an additional 2,825,064 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Compass Minerals International in the 2nd quarter valued at approximately $73,452,000. State Street Corp boosted its position in Compass Minerals International by 23.3% during the 2nd quarter. State Street Corp now owns 1,615,191 shares of the basic materials company’s stock valued at $105,474,000 after purchasing an additional 305,111 shares during the period. Morningstar Investment Services LLC boosted its position in Compass Minerals International by 28.3% during the 2nd quarter. Morningstar Investment Services LLC now owns 1,065,984 shares of the basic materials company’s stock valued at $69,609,000 after purchasing an additional 235,138 shares during the period. Finally, Nuance Investments LLC boosted its position in Compass Minerals International by 42.4% during the 2nd quarter. Nuance Investments LLC now owns 484,532 shares of the basic materials company’s stock valued at $31,640,000 after purchasing an additional 144,173 shares during the period.
Compass Minerals International Company Profile
Compass Minerals International, Inc (CMI) is a provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes.
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