Analysts Set Compass Minerals International, Inc. (CMP) PT at $73.60

Compass Minerals International, Inc. (NYSE:CMP) has received an average recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $73.60.

A number of brokerages recently issued reports on CMP. TheStreet upgraded Compass Minerals International from a “c+” rating to a “b” rating in a report on Thursday, November 30th. Stifel Nicolaus restated a “buy” rating and issued a $84.00 target price on shares of Compass Minerals International in a report on Wednesday, November 1st. Zacks Investment Research cut Compass Minerals International from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Monness Crespi & Hardt upgraded Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Monday, October 2nd. Finally, J P Morgan Chase & Co upgraded Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 target price on the stock in a report on Monday, September 25th.

Several hedge funds and other institutional investors have recently modified their holdings of CMP. Victory Capital Management Inc. grew its holdings in shares of Compass Minerals International by 6.4% during the second quarter. Victory Capital Management Inc. now owns 685,435 shares of the basic materials company’s stock valued at $44,758,000 after buying an additional 41,119 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Compass Minerals International by 55.2% during the second quarter. Private Advisor Group LLC now owns 24,893 shares of the basic materials company’s stock valued at $1,653,000 after buying an additional 8,852 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in shares of Compass Minerals International by 3.8% during the third quarter. Kornitzer Capital Management Inc. KS now owns 274,360 shares of the basic materials company’s stock valued at $17,806,000 after buying an additional 10,050 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Compass Minerals International by 50.0% during the second quarter. Royal Bank of Canada now owns 82,006 shares of the basic materials company’s stock valued at $5,355,000 after buying an additional 27,348 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Compass Minerals International by 50.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 40,449 shares of the basic materials company’s stock valued at $2,641,000 after buying an additional 13,490 shares in the last quarter.

Compass Minerals International (NYSE CMP) traded up $1.70 on Tuesday, hitting $70.35. The stock had a trading volume of 894,600 shares, compared to its average volume of 391,986. Compass Minerals International has a 12 month low of $59.72 and a 12 month high of $84.40. The company has a quick ratio of 1.18, a current ratio of 2.52 and a debt-to-equity ratio of 1.70. The company has a market cap of $2,323.95, a P/E ratio of 28.16 and a beta of 0.51.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings data on Monday, October 30th. The basic materials company reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.20). The firm had revenue of $290.70 million during the quarter, compared to the consensus estimate of $323.76 million. Compass Minerals International had a return on equity of 11.52% and a net margin of 10.72%. The firm’s quarterly revenue was up 61.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 EPS. research analysts expect that Compass Minerals International will post 2.62 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Thursday, November 30th. Compass Minerals International’s payout ratio is 67.76%.

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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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