Compass Minerals International (NYSE:CMP – Get Free Report) was upgraded by research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued to investors on Thursday. The firm presently has a $30.00 price target on the basic materials company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 0.76% from the stock’s previous close.
CMP has been the subject of a number of other reports. Wall Street Zen lowered shares of Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research downgraded Compass Minerals International from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Compass Point set a $30.00 price target on Compass Minerals International in a research note on Thursday. Finally, Weiss Ratings upgraded Compass Minerals International from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $26.00.
Read Our Latest Analysis on Compass Minerals International
Compass Minerals International Stock Performance
Compass Minerals International (NYSE:CMP – Get Free Report) last released its earnings results on Wednesday, May 6th. The basic materials company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Compass Minerals International had a net margin of 0.55% and a return on equity of 8.99%. The firm had revenue of $453.20 million during the quarter, compared to the consensus estimate of $418.97 million. During the same period in the prior year, the firm earned $0.63 EPS. The company’s revenue was down 8.4% compared to the same quarter last year. As a group, equities analysts forecast that Compass Minerals International will post 0.89 earnings per share for the current year.
Hedge Funds Weigh In On Compass Minerals International
Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in Compass Minerals International by 10.5% during the first quarter. Royal Bank of Canada now owns 49,928 shares of the basic materials company’s stock valued at $464,000 after purchasing an additional 4,740 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Compass Minerals International by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company’s stock valued at $192,000 after buying an additional 858 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Compass Minerals International by 16.1% during the second quarter. JPMorgan Chase & Co. now owns 191,626 shares of the basic materials company’s stock valued at $3,850,000 after purchasing an additional 26,531 shares in the last quarter. Legal & General Group Plc raised its holdings in Compass Minerals International by 15.4% during the 2nd quarter. Legal & General Group Plc now owns 39,625 shares of the basic materials company’s stock valued at $796,000 after buying an additional 5,292 shares during the period. Finally, Prudential Financial Inc. purchased a new position in Compass Minerals International during the 2nd quarter valued at $267,000. 99.78% of the stock is currently owned by hedge funds and other institutional investors.
Compass Minerals International Company Profile
Compass Minerals International, Inc is a global producer of essential mineral-based products, primarily known for its salt and plant nutrition portfolios. The company’s deicing salts are used by municipalities and commercial customers across North America to maintain safer roadways in winter months. In addition, its water conditioning salts serve both residential and industrial users, supporting water treatment systems that remove hard minerals to protect plumbing and equipment.
Beyond conventional salt products, Compass Minerals has developed a specialty plant nutrition business focused on sulfate of potash (SOP), a premium fertilizer that provides both potassium and sulfur to crops.
Recommended Stories
- Five stocks we like better than Compass Minerals International
- How Berkshire’s New York Times Bet Looks Today
- Affirm’s Google Deal Aims for Your Wallet
- Airplane Maintenance Companies That Keep Flights Moving Are Ready to Soar
- Oklo Stock Could Be Ready for Another Massive Run
Receive News & Ratings for Compass Minerals International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Minerals International and related companies with MarketBeat.com's FREE daily email newsletter.
