Brokerages Set Compass Minerals International, Inc. (NYSE:CMP) PT at $22.00

Shares of Compass Minerals International, Inc. (NYSE:CMP) have earned an average rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $22.00.

A number of research analysts have recently weighed in on the stock. Zacks Research raised shares of Compass Minerals International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Compass Point set a $22.00 target price on Compass Minerals International in a research note on Tuesday, December 16th. Wall Street Zen upgraded Compass Minerals International from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Compass Minerals International from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass Minerals International in a research note on Wednesday, January 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CMP. State of Alaska Department of Revenue acquired a new stake in Compass Minerals International during the 3rd quarter valued at $31,000. Comerica Bank lifted its holdings in Compass Minerals International by 80.0% in the 4th quarter. Comerica Bank now owns 1,868 shares of the basic materials company’s stock worth $37,000 after buying an additional 830 shares in the last quarter. New York State Teachers Retirement System acquired a new position in Compass Minerals International in the 3rd quarter worth $60,000. Headlands Technologies LLC purchased a new position in Compass Minerals International in the 2nd quarter valued at about $83,000. Finally, Los Angeles Capital Management LLC purchased a new position in Compass Minerals International in the 4th quarter valued at about $122,000. 99.78% of the stock is owned by institutional investors and hedge funds.

Compass Minerals International Price Performance

Shares of NYSE CMP opened at $22.74 on Friday. The company has a market cap of $951.94 million, a PE ratio of -24.72 and a beta of 1.16. The stock has a fifty day moving average price of $23.78 and a 200 day moving average price of $20.81. The company has a debt-to-equity ratio of 3.39, a current ratio of 2.59 and a quick ratio of 1.53. Compass Minerals International has a 1-year low of $8.60 and a 1-year high of $27.00.

Compass Minerals International (NYSE:CMP) last released its earnings results on Wednesday, February 4th. The basic materials company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.32. The company had revenue of $396.10 million during the quarter, compared to the consensus estimate of $329.23 million. Compass Minerals International had a positive return on equity of 8.69% and a negative net margin of 2.82%.Compass Minerals International’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.55) earnings per share. Sell-side analysts forecast that Compass Minerals International will post -0.53 EPS for the current year.

About Compass Minerals International

Compass Minerals International, Inc is a global producer of essential mineral-based products, primarily known for its salt and plant nutrition portfolios. The company’s deicing salts are used by municipalities and commercial customers across North America to maintain safer roadways in winter months. In addition, its water conditioning salts serve both residential and industrial users, supporting water treatment systems that remove hard minerals to protect plumbing and equipment.

Beyond conventional salt products, Compass Minerals has developed a specialty plant nutrition business focused on sulfate of potash (SOP), a premium fertilizer that provides both potassium and sulfur to crops.