Compass Minerals International (NYSE:CMP) Raised to Hold at StockNews.com

Compass Minerals International (NYSE:CMP) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. raised shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and raised their price target for the company from $13.00 to $15.00 in a report on Wednesday. BMO Capital Markets lowered their price target on shares of Compass Minerals International from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday.

Compass Minerals International Stock Performance

NYSE CMP opened at $11.51 on Wednesday. The firm has a market cap of $477.11 million, a price-to-earnings ratio of -2.21, a PEG ratio of 1.17 and a beta of 1.21. The company has a 50 day moving average of $12.26 and a 200-day moving average of $11.98. 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.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results 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 net margin of 19.24% and a negative return on equity of 2.15%. On average, equities analysts forecast that Compass Minerals International will post 0.33 earnings per share for the current fiscal year.

Institutional Trading of Compass Minerals International

Institutional investors have recently bought and sold shares of the business. Tsfg LLC acquired a new stake in Compass Minerals International during the 4th quarter worth $28,000. Signaturefd LLC grew its holdings in Compass Minerals International by 629.4% during the 3rd quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 2,077 shares during the period. Denver PWM LLC grew its holdings in Compass Minerals International by 33.8% during the 3rd quarter. Denver PWM LLC now owns 3,745 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 946 shares during the period. Nisa Investment Advisors LLC grew its holdings in Compass Minerals International by 247.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,110 shares of the basic materials company’s stock worth $49,000 after acquiring an additional 2,928 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in Compass Minerals International during the 4th quarter worth $80,000. Institutional investors and hedge funds own 99.78% of the company’s stock.

Compass Minerals International Company Profile

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.