Compass Minerals International (NYSE:CMP) Price Target Raised to $20.00 at BMO Capital Markets

Compass Minerals International (NYSE:CMP) had its target price raised by BMO Capital Markets from $15.00 to $20.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “market perform” rating on the basic materials company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 2.63% from the company’s current price.

A number of other research analysts have also commented on CMP. StockNews.com upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. upgraded Compass Minerals International from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $13.00 to $15.00 in a research report on Wednesday, February 12th.

Compass Minerals International Stock Performance

Compass Minerals International stock traded up $0.66 during trading hours on Monday, hitting $19.49. The stock had a trading volume of 915,132 shares, compared to its average volume of 804,686. The company has a 50-day moving average of $11.19 and a two-hundred day moving average of $12.11. The company has a quick ratio of 1.12, a current ratio of 2.37 and a debt-to-equity ratio of 3.67. The company has a market cap of $808.83 million, a PE ratio of -4.94 and a beta of 0.95. Compass Minerals International has a fifty-two week low of $7.51 and a fifty-two week high of $19.96.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.39 by $0.24. Compass Minerals International had a negative return on equity of 10.00% and a negative net margin of 15.10%. The firm had revenue of $494.60 million during the quarter, compared to analysts’ expectations of $413.96 million. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. On average, equities research analysts anticipate that Compass Minerals International will post -0.53 EPS for the current fiscal year.

Institutional Trading of Compass Minerals International

Several hedge funds and other institutional investors have recently modified their holdings of the company. Koch Inc. acquired a new stake in shares of Compass Minerals International in the 4th quarter valued at about $79,139,000. SailingStone Capital Partners LLC raised its stake in shares of Compass Minerals International by 13.7% in the 4th quarter. SailingStone Capital Partners LLC now owns 5,427,142 shares of the basic materials company’s stock valued at $61,055,000 after purchasing an additional 652,129 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Compass Minerals International by 642.5% in the 4th quarter. Nuveen Asset Management LLC now owns 1,058,551 shares of the basic materials company’s stock valued at $11,909,000 after purchasing an additional 915,983 shares during the period. Geode Capital Management LLC raised its stake in shares of Compass Minerals International by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 785,676 shares of the basic materials company’s stock valued at $8,842,000 after purchasing an additional 2,865 shares during the period. Finally, Lightrock Netherlands B.V. raised its stake in shares of Compass Minerals International by 33.6% in the 1st quarter. Lightrock Netherlands B.V. now owns 755,373 shares of the basic materials company’s stock valued at $7,029,000 after purchasing an additional 189,786 shares during the period. 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.