Compass Minerals International, Inc. (NYSE:CMP) Stock Has Average Target Price of $27.00

Compass Minerals International, Inc. (NYSE:CMP) has earned an average rating of “Reduce” from the five brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $27.00.

A number of equities research analysts recently weighed in on the stock. Compass Point set a $27.00 price objective on shares of Compass Minerals International in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Compass Minerals International from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, August 31st. Weiss Ratings raised shares of Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 28th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $27.00 price target (down from $30.00) on shares of Compass Minerals International in a research note on Monday, August 10th. Finally, Wall Street Zen downgraded Compass Minerals International from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd.

Compass Minerals International Stock Performance

Shares of Compass Minerals International stock opened at $22.74 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.01 and a debt-to-equity ratio of 2.72. The stock’s fifty day moving average is $26.31 and its two-hundred day moving average is $27.09. Compass Minerals International has a 52 week low of $16.40 and a 52 week high of $34.50. The company has a market capitalization of $954.79 million, a PE ratio of 52.89 and a beta of 1.22.

Compass Minerals International (NYSE:CMP) last released its earnings results on Wednesday, August 5th. The basic materials company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.08). The business had revenue of $215.30 million for the quarter, compared to the consensus estimate of $207.75 million. Compass Minerals International had a return on equity of 12.75% and a net margin of 1.42%.The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.39) earnings per share. As a group, analysts expect that Compass Minerals International will post 0.93 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new stake in shares of Compass Minerals International in the 2nd quarter valued at about $43,000. Fifth Third Bancorp boosted its stake in shares of Compass Minerals International by 6,266.7% during the first quarter. Fifth Third Bancorp now owns 1,719 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 1,692 shares in the last quarter. Allworth Financial LP increased its holdings in Compass Minerals International by 454.3% during the second quarter. Allworth Financial LP now owns 1,929 shares of the basic materials company’s stock valued at $60,000 after buying an additional 1,581 shares during the period. PNC Financial Services Group Inc. increased its holdings in Compass Minerals International by 94.4% during the first quarter. PNC Financial Services Group Inc. now owns 2,216 shares of the basic materials company’s stock valued at $52,000 after buying an additional 1,076 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in Compass Minerals International in the first quarter worth approximately $70,000. 99.78% of the stock is currently owned by institutional investors.

About Compass Minerals International

Compass Minerals International, Inc is a producer of essential minerals serving customers in North America and selected international markets. Headquartered in Overland Park, Kansas, the company operates through two principal businesses: Salt and Plant Nutrition.

The Salt business produces and markets salt for highway deicing, consumer and commercial food use, water conditioning, agriculture, and industrial applications. Compass Minerals operates underground and solar-evaporation facilities, including the Goderich salt mine in Ontario, Canada, and the Cote Blanche mine in Louisiana.