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

Compass Minerals International (NYSE:CMP) had its price objective lowered by BMO Capital Markets from $18.00 to $17.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has 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 objective for the stock from $13.00 to $15.00 in a research note on Wednesday.

Compass Minerals International Stock Performance

Shares of NYSE CMP opened at $11.44 on Wednesday. The stock has a market cap of $474.42 million, a price-to-earnings ratio of -2.20, a P/E/G ratio of 1.17 and a beta of 1.21. The company has a current ratio of 2.71, a quick ratio of 0.80 and a debt-to-equity ratio of 2.87. Compass Minerals International has a 1-year low of $7.51 and a 1-year high of $23.59. The stock’s 50-day moving average is $12.26 and its 200 day moving average is $11.98.

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

Institutional Trading of Compass Minerals International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Compass Minerals International by 1,145.5% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 55,087 shares of the basic materials company’s stock valued at $662,000 after buying an additional 50,664 shares during the last quarter. Repertoire Partners LP purchased a new position in shares of Compass Minerals International during the 3rd quarter valued at about $1,202,000. Weiss Asset Management LP purchased a new position in shares of Compass Minerals International during the 3rd quarter valued at about $1,177,000. Barclays PLC raised its stake in shares of Compass Minerals International by 76.7% during the 3rd quarter. Barclays PLC now owns 92,803 shares of the basic materials company’s stock valued at $1,116,000 after buying an additional 40,288 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Compass Minerals International during the 3rd quarter valued at about $535,000. Hedge funds and other 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.