Brokerages Set Compass Minerals International, Inc. (NYSE:CMP) PT at $34.40

Shares of Compass Minerals International, Inc. (NYSE:CMP) have been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $33.80.

A number of brokerages have weighed in on CMP. JPMorgan Chase & Co. cut their target price on shares of Compass Minerals International from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. BMO Capital Markets dropped their target price on Compass Minerals International from $25.00 to $20.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 26th. Loop Capital upgraded Compass Minerals International from a “hold” rating to a “buy” rating and reduced their price target for the company from $26.00 to $23.00 in a research report on Friday. Finally, Stifel Nicolaus decreased their price objective on Compass Minerals International from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 11th.

Compass Minerals International Trading Up 3.3 %

NYSE:CMP opened at $13.04 on Friday. Compass Minerals International has a 12 month low of $11.85 and a 12 month high of $39.78. The company has a current ratio of 3.07, a quick ratio of 1.15 and a debt-to-equity ratio of 1.98. The firm’s 50 day moving average is $17.64 and its 200 day moving average is $21.91. The stock has a market capitalization of $538.70 million, a PE ratio of -8.93, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Wednesday, February 7th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.19). The firm had revenue of $341.70 million during the quarter, compared to the consensus estimate of $352.84 million. Compass Minerals International had a negative net margin of 4.97% and a positive return on equity of 4.56%. The business’s revenue was down 3.0% compared to the same quarter last year. Sell-side analysts expect that Compass Minerals International will post 0.11 earnings per share for the current year.

Compass Minerals International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were issued a $0.15 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.60 annualized dividend and a dividend yield of 4.60%. Compass Minerals International’s payout ratio is currently -41.10%.

Institutional Investors Weigh In On Compass Minerals International

Several large investors have recently added to or reduced their stakes in CMP. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Compass Minerals International by 1.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 40,819 shares of the basic materials company’s stock valued at $1,141,000 after buying an additional 410 shares in the last quarter. CarsonAllaria Wealth Management Ltd. lifted its holdings in shares of Compass Minerals International by 12.9% in the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 4,235 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 484 shares during the last quarter. Equitable Trust Co. boosted its stake in shares of Compass Minerals International by 8.9% in the 3rd quarter. Equitable Trust Co. now owns 7,270 shares of the basic materials company’s stock valued at $203,000 after purchasing an additional 594 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Compass Minerals International by 6.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 10,600 shares of the basic materials company’s stock valued at $296,000 after purchasing an additional 603 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Compass Minerals International by 7.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,410 shares of the basic materials company’s stock valued at $213,000 after purchasing an additional 617 shares during the last quarter. Institutional investors own 99.78% of the company’s stock.

About Compass Minerals International

Compass Minerals International, Inc, provides essential minerals in the United States, Canada, the United Kingdom, and internationally. It operates through two segments, Salt and Plant Nutrition. The Salt segment produces, markets, and sells 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 sodium chloride to produce specialty products.