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

Compass Minerals International (NYSE:CMP) had its price objective trimmed by BMO Capital Markets from $18.00 to $17.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a market perform rating on the basic materials company’s stock.

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

Compass Minerals International Trading Down 1.8 %

NYSE CMP opened at $11.29 on Wednesday. The firm’s 50 day moving average price is $12.17 and its two-hundred day moving average price is $11.97. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.80 and a current ratio of 2.71. Compass Minerals International has a twelve month low of $7.51 and a twelve month high of $23.59. The stock has a market cap of $468.20 million, a price-to-earnings ratio of -2.17, a PEG ratio of 1.17 and a beta of 1.21.

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%. Equities analysts anticipate that Compass Minerals International will post 0.33 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Ballentine Partners LLC grew its stake in shares of Compass Minerals International by 3.6% in the 4th quarter. Ballentine Partners LLC now owns 21,559 shares of the basic materials company’s stock valued at $243,000 after buying an additional 748 shares in the last quarter. Denver PWM LLC grew its position 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 worth $45,000 after acquiring an additional 946 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Compass Minerals International by 2.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 38,063 shares of the basic materials company’s stock worth $429,000 after acquiring an additional 983 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its stake in shares of Compass Minerals International by 7.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 20,540 shares of the basic materials company’s stock worth $231,000 after purchasing an additional 1,340 shares during the last quarter. Finally, Inspire Investing LLC raised its holdings in shares of Compass Minerals International by 3.9% during the 3rd quarter. Inspire Investing LLC now owns 38,326 shares of the basic materials company’s stock valued at $461,000 after purchasing an additional 1,437 shares in the last quarter. 99.78% of the stock is owned by institutional investors and hedge funds.

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.