Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Compass Minerals International (NYSE:CMP) Stock

Compass Minerals International (NYSE:CMP - Get Free Report) had its price target lifted by research analysts at Deutsche Bank Aktiengesellschaft from $14.00 to $22.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the basic materials company's stock. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 17.04% from the company's current price.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen raised Compass Minerals International from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 8th. BMO Capital Markets upped their price target on shares of Compass Minerals International from $15.00 to $20.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th.

Compass Minerals International Price Performance

Shares of NYSE CMP opened at $18.80 on Monday. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.84 and a quick ratio of 1.12. The business has a 50-day moving average of $16.93 and a 200-day moving average of $13.30. The stock has a market capitalization of $780.08 million, a price-to-earnings ratio of -5.28 and a beta of 1.11. Compass Minerals International has a fifty-two week low of $7.51 and a fifty-two week high of $20.96.

Compass Minerals International (NYSE:CMP - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.39 by $0.24. The firm had revenue of $494.60 million during the quarter, compared to analysts' expectations of $413.96 million. Compass Minerals International had a negative return on equity of 24.24% and a negative net margin of 12.15%. The firm's revenue for the quarter was up 35.9% compared to the same quarter last year. As a group, sell-side analysts predict that Compass Minerals International will post -0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Compass Minerals International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Common Retirement Fund lifted its position in shares of Compass Minerals International by 35.9% in the fourth quarter. New York State Common Retirement Fund now owns 7,189 shares of the basic materials company's stock valued at $81,000 after buying an additional 1,900 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Compass Minerals International by 44.1% in the 4th quarter. Jones Financial Companies Lllp now owns 18,111 shares of the basic materials company's stock valued at $204,000 after acquiring an additional 5,544 shares during the period. Assetmark Inc. raised its stake in Compass Minerals International by 6,121.5% in the 4th quarter. Assetmark Inc. now owns 30,050 shares of the basic materials company's stock valued at $338,000 after acquiring an additional 29,567 shares during the period. Raymond James Financial Inc. acquired a new stake in Compass Minerals International during the 4th quarter valued at $1,439,000. Finally, Ironwood Investment Management LLC lifted its holdings in Compass Minerals International by 6.2% during the 4th quarter. Ironwood Investment Management LLC now owns 29,842 shares of the basic materials company's stock valued at $336,000 after purchasing an additional 1,738 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.

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