BMO Capital Markets reissued their hold rating on shares of Compass Minerals International, Inc. (NYSE:CMP) in a research note published on Monday, May 15th, StockTargetPrices.com reports. The firm currently has a $75.00 price target on the basic materials company’s stock.
Other equities research analysts have also recently issued research reports about the stock. TheStreet cut shares of Compass Minerals International from a b rating to a c+ rating in a research report on Wednesday, March 29th. Zacks Investment Research cut shares of Compass Minerals International from a hold rating to a sell rating in a research report on Tuesday, March 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $80.25.
Shares of Compass Minerals International (NYSE CMP) traded down 0.69% during trading on Monday, hitting $64.75. 752,821 shares of the stock were exchanged. Compass Minerals International has a 1-year low of $62.70 and a 1-year high of $84.40. The firm’s 50-day moving average is $66.28 and its 200 day moving average is $73.17. The company has a market cap of $2.19 billion, a P/E ratio of 16.35 and a beta of 0.48.
Compass Minerals International (NYSE:CMP) last announced its earnings results on Wednesday, May 3rd. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.20. Compass Minerals International had a net margin of 11.40% and a return on equity of 11.86%. The company had revenue of $387.80 million during the quarter, compared to analysts’ expectations of $386.97 million. During the same quarter in the previous year, the business posted $1.46 earnings per share. Compass Minerals International’s quarterly revenue was up 12.2% on a year-over-year basis. Equities analysts forecast that Compass Minerals International will post $3.10 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 4.45%. The ex-dividend date was Tuesday, May 30th. Compass Minerals International’s payout ratio is 72.91%.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in Compass Minerals International by 5,576.2% in the first quarter. BlackRock Inc. now owns 2,875,727 shares of the basic materials company’s stock valued at $195,118,000 after buying an additional 2,825,064 shares in the last quarter. Norges Bank purchased a new position in Compass Minerals International during the fourth quarter valued at about $32,695,000. Russell Investments Group Ltd. purchased a new position in Compass Minerals International during the fourth quarter valued at about $25,378,000. Parnassus Investments CA increased its position in Compass Minerals International by 10.4% in the third quarter. Parnassus Investments CA now owns 2,776,676 shares of the basic materials company’s stock valued at $204,641,000 after buying an additional 261,750 shares in the last quarter. Finally, Perkins Investment Management LLC increased its position in Compass Minerals International by 12.3% in the third quarter. Perkins Investment Management LLC now owns 2,249,226 shares of the basic materials company’s stock valued at $165,768,000 after buying an additional 245,669 shares in the last quarter.
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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