Monness Crespi & Hardt set a $63.00 target price on Compass Minerals International Inc. (NYSE:CMP) in a research note published on Wednesday morning. The firm currently has a a sell rating on the stock.
Several other research firms have also weighed in on CMP. KeyCorp lowered Compass Minerals International from an overweight rating to a sector weight rating in a research report on Wednesday, June 15th. Zacks Investment Research raised Compass Minerals International from a sell rating to a hold rating in a research report on Tuesday, June 28th. Stifel Nicolaus initiated coverage on Compass Minerals International in a research report on Tuesday, July 12th. They issued a buy rating and a $90.00 target price for the company. Finally, TheStreet lowered Compass Minerals International from a buy rating to a hold rating in a research report on Monday, July 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $76.25.
Shares of Compass Minerals International (NYSE:CMP) opened at 73.03 on Wednesday. Compass Minerals International has a 1-year low of $66.30 and a 1-year high of $86.00. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 17.56 and a beta of 0.62. The firm has a 50-day moving average price of $73.25 and a 200 day moving average price of $73.99.
Compass Minerals International (NYSE:CMP) last posted its quarterly earnings data on Monday, July 25th. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Compass Minerals International had a return on equity of 21.37% and a net margin of 13.63%. The firm earned $169.50 million during the quarter, compared to analyst estimates of $177.56 million. During the same period last year, the company posted $0.39 EPS. The business’s quarterly revenue was down 7.7% on a year-over-year basis. On average, analysts predict that Compass Minerals International will post $2.78 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a dividend of $0.695 per share. The ex-dividend date was Tuesday, August 30th. This represents a $2.78 dividend on an annualized basis and a yield of 3.81%. Compass Minerals International’s dividend payout ratio (DPR) is currently 66.83%.
Institutional investors have recently added to or reduced their stakes in the stock. Americafirst Capital Management LLC acquired a new position in shares of Compass Minerals International during the second quarter worth $108,000. IFP Advisors Inc increased its position in shares of Compass Minerals International by 470.5% in the first quarter. IFP Advisors Inc now owns 1,626 shares of the company’s stock worth $115,000 after buying an additional 1,341 shares during the last quarter. Pacad Investment Ltd. acquired a new position in shares of Compass Minerals International during the second quarter worth $148,000. LS Investment Advisors LLC increased its position in shares of Compass Minerals International by 76.4% in the second quarter. LS Investment Advisors LLC now owns 2,050 shares of the company’s stock worth $152,000 after buying an additional 888 shares during the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in shares of Compass Minerals International during the second quarter worth $210,000.
Compass Minerals International Company Profile
Compass Minerals International, Inc is a holding company. The Company, through its subsidiaries, is engaged in producing and marketing essential minerals, including salt, sulfate of potash (SOP) specialty fertilizer, magnesium chloride and micronutrients. It operates through two segments, which include salt and plant nutrition.
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