Compass Minerals International (NYSE:CMP) PT Raised to $60.00

Compass Minerals International (NYSE:CMP) had its price objective raised by investment analysts at JPMorgan Chase & Co. from $55.00 to $60.00 in a research note issued on Thursday, Stock Target Advisor reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 5.39% from the company’s previous close.

A number of other research analysts have also commented on the company. Zacks Investment Research upgraded Compass Minerals International from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Monday, November 4th. Deutsche Bank cut their target price on Compass Minerals International from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. ValuEngine upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, BMO Capital Markets dropped their price objective on Compass Minerals International to $55.00 and set a “market perform” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $56.61.

Shares of NYSE CMP traded up $0.39 during trading hours on Thursday, reaching $56.93. The stock had a trading volume of 317,027 shares, compared to its average volume of 314,316. The business’s fifty day moving average is $56.36 and its two-hundred day moving average is $54.51. The company has a debt-to-equity ratio of 2.44, a current ratio of 2.26 and a quick ratio of 1.14. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 29.50 and a beta of 1.36. Compass Minerals International has a twelve month low of $38.19 and a twelve month high of $60.14.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.37). The firm had revenue of $341.30 million during the quarter, compared to analyst estimates of $351.89 million. Compass Minerals International had a net margin of 3.89% and a return on equity of 10.90%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 earnings per share. Sell-side analysts forecast that Compass Minerals International will post 2.53 earnings per share for the current fiscal year.

In related news, insider Kevin S. Crutchfield acquired 2,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was purchased at an average cost of $49.46 per share, for a total transaction of $98,920.00. Following the completion of the purchase, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $98,920. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Northern Oak Wealth Management Inc. bought a new stake in shares of Compass Minerals International during the third quarter worth $28,000. Coastal Investment Advisors Inc. grew its holdings in shares of Compass Minerals International by 79.3% during the third quarter. Coastal Investment Advisors Inc. now owns 538 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 238 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Compass Minerals International during the second quarter worth $38,000. North Star Investment Management Corp. bought a new stake in shares of Compass Minerals International during the third quarter worth $39,000. Finally, Vista Private Wealth Partners. LLC bought a new stake in shares of Compass Minerals International during the third quarter worth $59,000. Hedge funds and other institutional investors own 92.26% of the company’s stock.

Compass Minerals International 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 through 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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