Compass Minerals International (NYSE:CMP) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Compass Minerals International (NYSE:CMP) from a buy rating to a hold rating in a research report report published on Saturday morning.

A number of other equities analysts have also recently issued reports on the stock. BMO Capital Markets upped their price target on shares of Compass Minerals International from $15.00 to $20.00 and gave the stock a “market perform” rating in a research note on Monday, May 12th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $18.00 target price (up previously from $15.00) on shares of Compass Minerals International in a research note on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $22.00 price target (up previously from $14.00) on shares of Compass Minerals International in a report on Monday, June 23rd. Finally, Zacks Research upgraded shares of Compass Minerals International to a “hold” rating in a report on Monday, August 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Compass Minerals International presently has a consensus rating of “Hold” and a consensus target price of $20.00.

Compass Minerals International Stock Performance

Compass Minerals International stock opened at $19.09 on Friday. The company has a quick ratio of 1.15, a current ratio of 2.15 and a debt-to-equity ratio of 3.30. The company has a market capitalization of $795.86 million, a P/E ratio of -6.54 and a beta of 1.11. The stock’s 50 day moving average is $20.48 and its 200 day moving average is $15.71. Compass Minerals International has a twelve month low of $7.51 and a twelve month high of $22.69.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Monday, August 11th. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.26). Compass Minerals International had a negative net margin of 9.87% and a negative return on equity of 16.70%. The company had revenue of $214.60 million for the quarter, compared to analysts’ expectations of $208.60 million. During the same quarter in the previous year, the firm posted ($1.05) EPS. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts predict that Compass Minerals International will post -0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Compass Minerals International

Large investors have recently bought and sold shares of the business. Hudson Bay Capital Management LP bought a new position in Compass Minerals International during the 2nd quarter valued at about $913,000. Nomura Holdings Inc. purchased a new position in shares of Compass Minerals International during the second quarter valued at approximately $5,168,000. Headlands Technologies LLC bought a new position in Compass Minerals International during the second quarter valued at approximately $83,000. Tower Research Capital LLC TRC boosted its holdings in Compass Minerals International by 1,450.2% in the second quarter. Tower Research Capital LLC TRC now owns 10,402 shares of the basic materials company’s stock worth $209,000 after purchasing an additional 9,731 shares during the last quarter. Finally, Ewing Morris & Co. Investment Partners Ltd. boosted its holdings in Compass Minerals International by 201.7% in the second quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,280,648 shares of the basic materials company’s stock worth $25,728,000 after purchasing an additional 856,149 shares during the last quarter. 99.78% of the stock is currently owned by institutional investors.

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.