Compass Minerals (NYSE:CMP) has been assigned a consensus recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $73.80.
A number of analysts have recently weighed in on the stock. Stephens assumed coverage on shares of Compass Minerals in a report on Monday, April 2nd. They set an “overweight” rating and a $74.00 price target for the company. ValuEngine downgraded shares of Compass Minerals from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Zacks Investment Research downgraded shares of Compass Minerals from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 21st. Stifel Nicolaus cut their price target on shares of Compass Minerals from $85.00 to $79.00 and set a “buy” rating for the company in a report on Friday, February 16th. Finally, Credit Suisse Group reiterated an “underperform” rating on shares of Compass Minerals in a research report on Thursday, February 15th.
In related news, insider Francis Joseph Malecha sold 1,572 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $63.21, for a total transaction of $99,366.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Steven N. Berger acquired 750 shares of the stock in a transaction that occurred on Wednesday, March 28th. The shares were bought at an average price of $59.35 per share, with a total value of $44,512.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 2,229 shares of company stock valued at $140,895. 0.94% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC acquired a new position in Compass Minerals during the 4th quarter worth approximately $103,000. First PREMIER Bank acquired a new position in Compass Minerals during the 4th quarter worth approximately $115,000. CoreCommodity Management LLC acquired a new position in Compass Minerals during the 4th quarter worth approximately $167,000. Verity Asset Management Inc. acquired a new position in Compass Minerals in the 4th quarter valued at approximately $205,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Compass Minerals in the 4th quarter valued at approximately $218,000.
Shares of Compass Minerals stock opened at $64.70 on Monday. Compass Minerals has a 1-year low of $56.50 and a 1-year high of $76.65. The company has a quick ratio of 1.67, a current ratio of 2.75 and a debt-to-equity ratio of 1.92. The company has a market cap of $2,182.15, a PE ratio of 23.53 and a beta of 0.64.
Compass Minerals (NYSE:CMP) last issued its quarterly earnings results on Tuesday, February 13th. The basic materials company reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.29. Compass Minerals had a net margin of 3.13% and a return on equity of 13.02%. The company had revenue of $457.90 million during the quarter, compared to the consensus estimate of $468.52 million. research analysts forecast that Compass Minerals will post 2.89 earnings per share for the current year.
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About Compass Minerals
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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