Compass Minerals (CMP) Lifted to Hold at ValuEngine

Compass Minerals (NYSE:CMP) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

Several other equities research analysts also recently issued reports on CMP. Stifel Nicolaus lowered their price target on Compass Minerals from $85.00 to $79.00 and set a “buy” rating for the company in a report on Friday, February 16th. BMO Capital Markets lowered their price target on Compass Minerals from $75.00 to $70.00 and set a “market perform” rating for the company in a report on Thursday, February 15th. Stephens began coverage on Compass Minerals in a report on Monday, April 2nd. They issued an “overweight” rating and a $74.00 price target for the company. Credit Suisse Group restated an “underperform” rating on shares of Compass Minerals in a report on Thursday, February 15th. Finally, Zacks Investment Research upgraded Compass Minerals from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $71.50.

NYSE:CMP opened at $66.45 on Tuesday. Compass Minerals has a 1-year low of $56.50 and a 1-year high of $76.65. The company has a current ratio of 2.75, a quick ratio of 1.67 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $2,188.92, a price-to-earnings ratio of 24.16 and a beta of 0.64.

Compass Minerals (NYSE:CMP) last released its earnings results on Tuesday, February 13th. The basic materials company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.29. Compass Minerals had a return on equity of 13.02% and a net margin of 3.13%. The firm had revenue of $457.90 million for the quarter, compared to analyst estimates of $468.52 million. research analysts anticipate that Compass Minerals will post 2.89 EPS for the current year.

In other news, SVP Steven N. Berger acquired 750 shares of the firm’s stock in a transaction that occurred on Wednesday, March 28th. The stock was acquired at an average cost of $59.35 per share, for a total transaction of $44,512.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Francis Joseph Malecha sold 1,572 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $63.21, for a total value of $99,366.12. The disclosure for this sale can be found here. Insiders sold 2,229 shares of company stock valued at $140,895 over the last 90 days. Corporate insiders own 0.94% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB bought a new position in shares of Compass Minerals during the fourth quarter worth about $256,000. We Are One Seven LLC bought a new position in shares of Compass Minerals during the fourth quarter worth about $261,000. MetLife Investment Advisors LLC bought a new position in shares of Compass Minerals during the fourth quarter worth about $2,700,000. MainStreet Investment Advisors LLC bought a new position in shares of Compass Minerals during the fourth quarter worth about $2,098,000. Finally, Belpointe Asset Management LLC bought a new position in shares of Compass Minerals during the fourth quarter worth about $220,000.

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Compass Minerals Company Profile

Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates in three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers sodium chloride and magnesium chloride, including rock salt, mechanically and solar evaporated salt, and brine and flake magnesium chloride products; and purchases potassium chloride and calcium chloride to sell as finished products or to blend with salt to produce specialty products.

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Analyst Recommendations for Compass Minerals (NYSE:CMP)

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