Compass Minerals International (CMP) Given a $49.00 Price Target at Credit Suisse Group

Compass Minerals International (NYSE:CMP) has been given a $49.00 price target by stock analysts at Credit Suisse Group in a research report issued on Friday. The brokerage presently has a “sell” rating on the basic materials company’s stock. Credit Suisse Group’s target price points to a potential downside of 6.18% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. ValuEngine cut shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. Zacks Investment Research cut shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. BMO Capital Markets cut their price objective on shares of Compass Minerals International from $70.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 24th. Finally, Monness Crespi & Hardt cut their price objective on shares of Compass Minerals International from $76.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $66.00.

CMP stock traded up $0.81 during mid-day trading on Friday, reaching $52.23. 31,309 shares of the stock traded hands, compared to its average volume of 523,057. The company has a quick ratio of 1.46, a current ratio of 2.66 and a debt-to-equity ratio of 2.28. Compass Minerals International has a one year low of $45.25 and a one year high of $76.65. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 18.99 and a beta of 0.66.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings data on Wednesday, October 31st. The basic materials company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.03). Compass Minerals International had a net margin of 2.27% and a return on equity of 12.50%. The firm had revenue of $322.50 million for the quarter, compared to the consensus estimate of $316.49 million. During the same quarter last year, the firm earned $0.65 EPS. The company’s revenue was up 10.9% on a year-over-year basis. As a group, equities research analysts expect that Compass Minerals International will post 2.35 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Compass Minerals International during the second quarter valued at $364,000. Archford Capital Strategies LLC boosted its stake in shares of Compass Minerals International by 39.5% during the second quarter. Archford Capital Strategies LLC now owns 3,058 shares of the basic materials company’s stock valued at $201,000 after purchasing an additional 866 shares during the period. Motley Fool Wealth Management LLC boosted its stake in shares of Compass Minerals International by 2.8% during the second quarter. Motley Fool Wealth Management LLC now owns 81,672 shares of the basic materials company’s stock valued at $5,370,000 after purchasing an additional 2,196 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Compass Minerals International by 6.6% during the second quarter. Wells Fargo & Company MN now owns 614,820 shares of the basic materials company’s stock valued at $40,424,000 after purchasing an additional 38,024 shares during the period. Finally, Raymond James & Associates boosted its stake in shares of Compass Minerals International by 13.2% during the second quarter. Raymond James & Associates now owns 25,990 shares of the basic materials company’s stock valued at $1,709,000 after purchasing an additional 3,021 shares during the period. 95.58% of the stock is owned by hedge funds and other institutional investors.

About Compass Minerals International

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 International (NYSE:CMP)

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