Compass Minerals International (NYSE:CMP) Price Target Cut to $55.00 by Analysts at BMO Capital Markets

Compass Minerals International (NYSE:CMP) had its target price decreased by BMO Capital Markets to $55.00 in a research note released on Thursday morning, The Fly reports. BMO Capital Markets currently has a market perform rating on the basic materials company’s stock.

Several other analysts have also recently weighed in on the company. Deutsche Bank lowered their price target on Compass Minerals International from $60.00 to $55.00 and set a hold rating on the stock in a report on Tuesday, August 13th. ValuEngine raised Compass Minerals International from a sell rating to a hold rating in a report on Wednesday. Finally, Zacks Investment Research raised Compass Minerals International from a hold rating to a buy rating and set a $65.00 price target on the stock in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Compass Minerals International has an average rating of Hold and a consensus price target of $56.61.

Shares of NYSE:CMP traded up $0.39 on Thursday, hitting $56.93. The company’s stock had a trading volume of 317,027 shares, compared to its average volume of 314,316. The company has a 50-day simple moving average of $56.36 and a 200 day simple moving average of $54.51. Compass Minerals International has a 1 year low of $38.19 and a 1 year high of $60.14. The company has a market capitalization of $2.00 billion, a PE ratio of 29.50 and a beta of 1.36. The company has a debt-to-equity ratio of 2.44, a current ratio of 2.26 and a quick ratio of 1.14.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.37). Compass Minerals International had a net margin of 3.89% and a return on equity of 10.90%. The business had revenue of $341.30 million during the quarter, compared to analysts’ expectations of $351.89 million. During the same period in the previous year, the business earned $0.37 EPS. The business’s revenue was up 5.8% on a year-over-year basis. On average, equities research analysts expect that Compass Minerals International will post 2.53 earnings per share for the current fiscal year.

In other Compass Minerals International news, insider Kevin S. Crutchfield purchased 2,000 shares of the stock in a transaction on Friday, August 16th. The shares were purchased at an average price of $49.46 per share, with a total value of $98,920.00. Following the acquisition, the insider now directly owns 2,000 shares in the company, valued at approximately $98,920. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in CMP. Invesco Ltd. raised its holdings in shares of Compass Minerals International by 1,843.5% during the 2nd quarter. Invesco Ltd. now owns 1,300,205 shares of the basic materials company’s stock valued at $71,446,000 after buying an additional 1,233,306 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Compass Minerals International during the 3rd quarter valued at about $27,718,000. Nuveen Asset Management LLC purchased a new position in shares of Compass Minerals International during the 2nd quarter valued at about $10,392,000. Peregrine Capital Management LLC purchased a new position in shares of Compass Minerals International during the 3rd quarter valued at about $7,834,000. Finally, Lodge Hill Capital LLC purchased a new position in shares of Compass Minerals International during the 2nd quarter valued at about $7,495,000. 92.26% of the stock is currently owned by institutional investors.

About Compass Minerals International

Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates through three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers 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 salt to produce specialty products.

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