Compass Minerals International (NYSE:CMP) Price Target Cut to $17.00 by Analysts at BMO Capital Markets

Compass Minerals International (NYSE:CMP) had its price objective cut by BMO Capital Markets from $18.00 to $17.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a market perform rating on the basic materials company’s stock.

Separately, JPMorgan Chase & Co. raised Compass Minerals International from a “neutral” rating to an “overweight” rating and upped their price target for the company from $13.00 to $15.00 in a research note on Wednesday.

Compass Minerals International Stock Up 0.2 %

CMP opened at $11.44 on Wednesday. Compass Minerals International has a fifty-two week low of $7.51 and a fifty-two week high of $23.59. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.71 and a quick ratio of 0.80. The firm’s fifty day moving average price is $12.26 and its two-hundred day moving average price is $11.98. The company has a market capitalization of $474.42 million, a P/E ratio of -2.20, a P/E/G ratio of 1.17 and a beta of 1.21.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Monday, February 10th. The basic materials company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.50). Compass Minerals International had a negative net margin of 19.24% and a negative return on equity of 2.15%. On average, analysts anticipate that Compass Minerals International will post 0.33 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ballentine Partners LLC grew its holdings in shares of Compass Minerals International by 3.6% during the fourth quarter. Ballentine Partners LLC now owns 21,559 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 748 shares during the last quarter. Denver PWM LLC lifted its stake in Compass Minerals International by 33.8% in the third quarter. Denver PWM LLC now owns 3,745 shares of the basic materials company’s stock valued at $45,000 after buying an additional 946 shares during the period. Inspire Investing LLC lifted its stake in Compass Minerals International by 3.9% in the third quarter. Inspire Investing LLC now owns 38,326 shares of the basic materials company’s stock valued at $461,000 after buying an additional 1,437 shares during the period. Wolverine Asset Management LLC raised its position in shares of Compass Minerals International by 2.3% during the third quarter. Wolverine Asset Management LLC now owns 66,940 shares of the basic materials company’s stock worth $805,000 after purchasing an additional 1,482 shares during the period. Finally, Ironwood Investment Management LLC raised its position in shares of Compass Minerals International by 6.2% during the fourth quarter. Ironwood Investment Management LLC now owns 29,842 shares of the basic materials company’s stock worth $336,000 after purchasing an additional 1,738 shares during the period. 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.