Compass Minerals International’s (CMP) “Hold” Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets reiterated their hold rating on shares of Compass Minerals International, Inc. (NYSE:CMP) in a research report released on Friday, May 5th. BMO Capital Markets currently has a $75.00 price objective on the basic materials company’s stock.

CMP has been the subject of several other research reports. TheStreet downgraded shares of Compass Minerals International from a b rating to a c+ rating in a research note on Wednesday, March 29th. Zacks Investment Research downgraded shares of Compass Minerals International from a strong-buy rating to a hold rating in a research note on Friday, January 13th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $83.80.

Compass Minerals International (NYSE:CMP) last announced its earnings results on Wednesday, May 3rd. The basic materials company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.20. Compass Minerals International had a net margin of 14.30% and a return on equity of 16.02%. The business had revenue of $387.80 million during the quarter, compared to the consensus estimate of $386.97 million. During the same quarter in the prior year, the firm earned $1.46 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year.

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The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $2.88 dividend on an annualized basis and a yield of 4.25%. Compass Minerals International’s dividend payout ratio (DPR) is presently 58.16%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Elkfork Partners LLC boosted its position in shares of Compass Minerals International by 26.8% in the first quarter. Elkfork Partners LLC now owns 1,562 shares of the basic materials company’s stock worth $106,000 after buying an additional 330 shares during the period. Archford Capital Strategies LLC boosted its position in shares of Compass Minerals International by 59.6% in the fourth quarter. Archford Capital Strategies LLC now owns 1,834 shares of the basic materials company’s stock worth $143,000 after buying an additional 685 shares during the period. Meadow Creek Investment Management LLC boosted its position in shares of Compass Minerals International by 26.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,988 shares of the basic materials company’s stock worth $135,000 after buying an additional 420 shares during the period. Synovus Financial Corp bought a new position in shares of Compass Minerals International during the third quarter worth about $155,000. Finally, LS Investment Advisors LLC boosted its position in shares of Compass Minerals International by 5.7% in the third quarter. LS Investment Advisors LLC now owns 2,166 shares of the basic materials company’s stock worth $160,000 after buying an additional 116 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.

12 Month Chart for NYSE:CMP

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