Compass Minerals International (NYSE:CMP – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.
Several other research analysts have also commented on CMP. JPMorgan Chase & Co. upgraded Compass Minerals International from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $20.00 to $30.00 in a research report on Thursday, May 14th. Zacks Research lowered Compass Minerals International from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $35.00 price objective on shares of Compass Minerals International in a research note on Wednesday, May 27th. Weiss Ratings upgraded shares of Compass Minerals International from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 18th. Finally, Compass Point set a $30.00 target price on shares of Compass Minerals International in a research note on Thursday, May 14th. One investment 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $28.80.
Check Out Our Latest Analysis on Compass Minerals International
Compass Minerals International Stock Down 1.9%
Compass Minerals International (NYSE:CMP – Get Free Report) last announced its earnings results on Wednesday, May 6th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The company had revenue of $453.20 million for the quarter, compared to analyst estimates of $418.97 million. Compass Minerals International had a return on equity of 8.99% and a net margin of 0.55%.Compass Minerals International’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 EPS. As a group, analysts forecast that Compass Minerals International will post 0.82 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Compass Minerals International
Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of Compass Minerals International by 692.8% during the 1st quarter. Bank of America Corp DE now owns 1,253,045 shares of the basic materials company’s stock valued at $29,259,000 after purchasing an additional 1,094,987 shares during the period. Irenic Capital Management LP acquired a new stake in shares of Compass Minerals International in the first quarter valued at $33,520,000. Engine Capital Management LP boosted its stake in Compass Minerals International by 275.4% during the first quarter. Engine Capital Management LP now owns 1,439,065 shares of the basic materials company’s stock valued at $33,602,000 after buying an additional 1,055,740 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Compass Minerals International by 5.2% during the first quarter. Quantinno Capital Management LP now owns 13,670 shares of the basic materials company’s stock valued at $319,000 after buying an additional 674 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Compass Minerals International by 994.4% during the first quarter. Renaissance Technologies LLC now owns 172,911 shares of the basic materials company’s stock valued at $4,037,000 after buying an additional 157,111 shares in the last quarter. 99.78% of the stock is currently owned by institutional investors and hedge funds.
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.
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