Loop Capital Markets analyst Chris Kapsch maintained a Buy rating on Compass Minerals International (CMP – Research Report) today and set a price target of $29.00. The company’s shares closed last Friday at $20.70.
According to TipRanks, Kapsch is a 4-star analyst with an average return of 8.6% and a 60.82% success rate. Kapsch covers the Basic Materials sector, focusing on stocks such as Compass Minerals International, Element Solutions, and Corteva.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Compass Minerals International with a $31.00 average price target, a 49.76% upside from current levels. In a report released on February 9, Stifel Nicolaus also maintained a Buy rating on the stock with a $48.00 price target.
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Based on Compass Minerals International’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $341.7 million and a net profit of $196 million. In comparison, last year the company earned a revenue of $352.4 million and had a net profit of $282.1 million
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CMP in relation to earlier this year.
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Compass Minerals International (CMP) Company Description:
Compass Minerals International, Inc. engages in the production of salt, plant nutrients, and magnesium chloride for distribution in North America. It operates through the following segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers products for use in road deicing and dust control, food processing, water softeners, and agricultural and industrial applications. The Plant Nutrition North America segment produces and markets sulfate of potash crop nutrients, industrial-grade SOP and micronutrients. The Plant Nutrition South America segment manufactures specialty plant nutrition solution-based products that are used in direct soil and foliar applications. The company was founded in 1993 and is headquartered in Overland Park, KS.
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