Compass Minerals International, Inc. (NYSE:CMP) Given Consensus Recommendation of "Reduce" by Brokerages

Key Points

• Brokerages have assigned an average rating of "Reduce" for Compass Minerals International, with two analysts recommending a sell and one a buy, while the average price target is $20.00.
• Institutional investors own 99.78% of Compass Minerals stock, indicating strong institutional backing, with significant recent stakes raised by firms such as Ewing Morris & Co. and American Century Companies.
• In its latest earnings release, Compass Minerals reported an EPS of ($0.39), missing the consensus estimate by ($0.26), while revenue increased 5.8% year-over-year to $214.60 million.

Compass Minerals International, Inc. (NYSE:CMP - Get Free Report) has earned an average rating of "Reduce" from the five brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $20.00.

A number of research firms have recently weighed in on CMP. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $22.00 price target (up from $14.00) on shares of Compass Minerals International in a research report on Monday, June 23rd. Zacks Research raised Compass Minerals International to a "hold" rating in a report on Monday, August 11th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Compass Minerals International in a research report on Saturday, September 27th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $18.00 price target (up previously from $15.00) on shares of Compass Minerals International in a report on Wednesday, August 13th. Finally, Wall Street Zen cut shares of Compass Minerals International from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th.

Institutional Trading of Compass Minerals International

Several large investors have recently bought and sold shares of the business. Ewing Morris & Co. Investment Partners Ltd. raised its stake in Compass Minerals International by 201.7% during the second quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,280,648 shares of the basic materials company's stock worth $25,728,000 after acquiring an additional 856,149 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Compass Minerals International by 57.6% during the 2nd quarter. American Century Companies Inc. now owns 916,088 shares of the basic materials company's stock valued at $18,404,000 after purchasing an additional 334,857 shares during the last quarter. Geode Capital Management LLC boosted its position in Compass Minerals International by 1.1% in the second quarter. Geode Capital Management LLC now owns 805,021 shares of the basic materials company's stock valued at $16,175,000 after buying an additional 8,859 shares in the last quarter. Lightrock Netherlands B.V. boosted its position in Compass Minerals International by 33.6% in the first quarter. Lightrock Netherlands B.V. now owns 755,373 shares of the basic materials company's stock valued at $7,029,000 after buying an additional 189,786 shares in the last quarter. Finally, O Keefe Stevens Advisory Inc. boosted its position in Compass Minerals International by 85.8% in the second quarter. O Keefe Stevens Advisory Inc. now owns 545,828 shares of the basic materials company's stock valued at $10,966,000 after buying an additional 252,036 shares in the last quarter. 99.78% of the stock is owned by institutional investors and hedge funds.

Compass Minerals International Stock Performance

CMP stock traded down $0.61 during trading hours on Friday, hitting $18.76. 208,335 shares of the stock were exchanged, compared to its average volume of 415,521. The company has a current ratio of 2.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.30. The firm has a market capitalization of $781.90 million, a P/E ratio of -6.42 and a beta of 1.11. The company has a 50-day simple moving average of $19.22 and a two-hundred day simple moving average of $17.46. Compass Minerals International has a 12 month low of $8.60 and a 12 month high of $22.69.

Compass Minerals International (NYSE:CMP - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The basic materials company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.26). The business had revenue of $214.60 million during the quarter, compared to analyst estimates of $208.60 million. Compass Minerals International had a negative net margin of 9.87% and a negative return on equity of 16.70%. The company's revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted ($1.05) earnings per share. Compass Minerals International has set its FY 2025 guidance at EPS. On average, analysts forecast that Compass Minerals International will post -0.53 earnings per share for the current fiscal year.

Compass Minerals International Company Profile

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.

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