Compass Minerals International (NYSE:CMP) Price Target Lowered to $18.00 at BMO Capital Markets

Compass Minerals International (NYSE:CMP) had its price objective reduced by BMO Capital Markets from $20.00 to $18.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a market perform rating on the basic materials company’s stock.

Separately, StockNews.com raised Compass Minerals International to a “sell” rating in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Compass Minerals International has an average rating of “Hold” and an average target price of $30.50.

Compass Minerals International Stock Down 6.0 %

Shares of NYSE:CMP opened at $12.02 on Wednesday. Compass Minerals International has a 1-year low of $7.51 and a 1-year high of $27.10. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.90 and a quick ratio of 0.74. The stock has a market cap of $498.22 million, a P/E ratio of -2.93 and a beta of 1.17. The firm has a fifty day moving average price of $13.57 and a 200 day moving average price of $11.90.

Compass Minerals International (NYSE:CMP) last announced its earnings results on Monday, December 16th. The basic materials company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.82). Compass Minerals International had a positive return on equity of 4.75% and a negative net margin of 14.81%. The business had revenue of $208.80 million for the quarter, compared to analyst estimates of $323.61 million. During the same quarter last year, the company posted $0.05 EPS. Compass Minerals International’s quarterly revenue was down 38.9% on a year-over-year basis. Sell-side analysts predict that Compass Minerals International will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Compass Minerals International

A number of hedge funds have recently added to or reduced their stakes in CMP. Denver PWM LLC raised its stake in shares of 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 buying an additional 946 shares in the last quarter. Inspire Investing LLC grew its holdings in Compass Minerals International by 3.9% during the third quarter. Inspire Investing LLC now owns 38,326 shares of the basic materials company’s stock worth $461,000 after acquiring an additional 1,437 shares during the period. Wolverine Asset Management LLC raised its position in Compass Minerals International by 2.3% in the third quarter. Wolverine Asset Management LLC now owns 66,940 shares of the basic materials company’s stock worth $805,000 after acquiring an additional 1,482 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Compass Minerals International by 2.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 89,357 shares of the basic materials company’s stock valued at $1,074,000 after acquiring an additional 1,764 shares during the period. Finally, Signaturefd LLC lifted its holdings in Compass Minerals International by 629.4% in the third quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 2,077 shares during the period. Institutional investors and hedge funds 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.