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

Compass Minerals International (NYSE:CMP) had its price target decreased by BMO Capital Markets from $20.00 to $18.00 in a research report sent to investors on Wednesday,Benzinga reports. BMO Capital Markets currently has a market perform rating on the basic materials company’s stock.

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

Compass Minerals International Price Performance

Shares of CMP opened at $10.66 on Wednesday. The firm has a market cap of $441.85 million, a PE ratio of -2.60 and a beta of 1.17. Compass Minerals International has a 1-year low of $7.51 and a 1-year high of $26.94. The company has a current ratio of 2.90, a quick ratio of 0.74 and a debt-to-equity ratio of 2.47. The firm has a fifty day simple moving average of $13.51 and a two-hundred day simple moving average of $11.88.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings data on Monday, December 16th. The basic materials company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.82). The firm had revenue of $208.80 million for the quarter, compared to analysts’ expectations of $323.61 million. Compass Minerals International had a negative net margin of 14.81% and a positive return on equity of 4.75%. The firm’s revenue was down 38.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 EPS. On average, equities analysts anticipate that Compass Minerals International will post 0.04 EPS for the current year.

Institutional Trading of Compass Minerals International

Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in shares of Compass Minerals International by 10.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 405,238 shares of the basic materials company’s stock valued at $4,186,000 after acquiring an additional 39,383 shares during the period. Alpha Omega Wealth Management LLC increased its stake in shares of Compass Minerals International by 34.4% in the second quarter. Alpha Omega Wealth Management LLC now owns 57,866 shares of the basic materials company’s stock worth $598,000 after purchasing an additional 14,795 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Compass Minerals International during the 2nd quarter valued at $45,000. Summit Securities Group LLC purchased a new position in shares of Compass Minerals International during the 2nd quarter valued at $94,000. Finally, Skylands Capital LLC boosted its holdings in Compass Minerals International by 387.3% in the 2nd quarter. Skylands Capital LLC now owns 103,300 shares of the basic materials company’s stock worth $1,067,000 after buying an additional 82,100 shares during the period. Institutional investors 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.