Compass Minerals International (NYSE:CMP) Price Target Increased to $60.00 by Analysts at JPMorgan Chase & Co.

Compass Minerals International (NYSE:CMP) had its target price increased by stock analysts at JPMorgan Chase & Co. from $55.00 to $60.00 in a note issued to investors on Thursday, Stock Target Advisor reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 5.39% from the stock’s previous close.

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A number of other equities research analysts have also commented on CMP. BMO Capital Markets dropped their price target on Compass Minerals International to $55.00 and set a “market perform” rating on the stock in a research report on Thursday. Deutsche Bank dropped their price target on Compass Minerals International from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Zacks Investment Research raised Compass Minerals International from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Monday, November 4th. Finally, ValuEngine raised Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Compass Minerals International presently has a consensus rating of “Hold” and a consensus target price of $56.61.

Shares of NYSE CMP traded up $0.39 during mid-day trading on Thursday, reaching $56.93. 317,027 shares of the company’s stock were exchanged, compared to its average volume of 314,316. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 29.50 and a beta of 1.36. The company has a current ratio of 2.26, a quick ratio of 1.14 and a debt-to-equity ratio of 2.44. The business has a fifty day simple moving average of $56.36 and a 200 day simple moving average of $54.51. Compass Minerals International has a twelve month low of $38.19 and a twelve month high of $60.14.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.37). The business had revenue of $341.30 million for the quarter, compared to analyst estimates of $351.89 million. Compass Minerals International had a return on equity of 10.90% and a net margin of 3.89%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 EPS. Equities research analysts predict that Compass Minerals International will post 2.53 earnings per share for the current fiscal year.

In other Compass Minerals International news, insider Kevin S. Crutchfield purchased 2,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were bought at an average price of $49.46 per share, with a total value of $98,920.00. Following the completion of the transaction, the insider now directly owns 2,000 shares in the company, valued at approximately $98,920. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CMP. Northern Oak Wealth Management Inc. acquired a new stake in Compass Minerals International in the 3rd quarter valued at approximately $28,000. Coastal Investment Advisors Inc. raised its position in Compass Minerals International by 79.3% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 538 shares of the basic materials company’s stock valued at $30,000 after buying an additional 238 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Compass Minerals International in the 2nd quarter valued at approximately $38,000. North Star Investment Management Corp. acquired a new stake in Compass Minerals International in the 3rd quarter valued at approximately $39,000. Finally, Vista Private Wealth Partners. LLC acquired a new stake in Compass Minerals International in the 3rd quarter valued at approximately $59,000. 92.26% of the stock is currently owned by institutional investors and hedge funds.

Compass Minerals International Company Profile

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 through 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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