Compass Minerals International (NYSE:CMP) Raised to “Overweight” at JPMorgan Chase & Co.

Compass Minerals International (NYSE:CMP) was upgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Wednesday, MarketBeat.com reports. The firm presently has a $15.00 price objective on the basic materials company’s stock, up from their previous price objective of $13.00. JPMorgan Chase & Co.‘s price objective points to a potential upside of 31.35% from the company’s current price.

Separately, BMO Capital Markets cut their price target on shares of Compass Minerals International from $20.00 to $18.00 and set a “market perform” rating on the stock in a report on Wednesday, December 18th.

Compass Minerals International Price Performance

Shares of NYSE:CMP opened at $11.42 on Wednesday. Compass Minerals International has a twelve month low of $7.51 and a twelve month high of $23.59. The company’s 50 day moving average is $12.32 and its 200 day moving average is $11.99. The company has a current ratio of 2.71, a quick ratio of 0.80 and a debt-to-equity ratio of 2.87. The company has a market cap of $473.53 million, a PE ratio of -2.19, a price-to-earnings-growth ratio of 1.17 and a beta of 1.21.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Monday, February 10th. The basic materials company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.50). Compass Minerals International had a negative return on equity of 2.15% and a negative net margin of 19.24%. On average, sell-side analysts forecast that Compass Minerals International will post 0.33 EPS for the current year.

Institutional Investors Weigh In On Compass Minerals International

Several hedge funds have recently bought and sold shares of CMP. Tsfg LLC purchased a new stake in Compass Minerals International in the 4th quarter worth approximately $28,000. Signaturefd LLC lifted its position in shares of Compass Minerals International by 629.4% during the 3rd quarter. Signaturefd LLC now owns 2,407 shares of the basic materials company’s stock valued at $29,000 after buying an additional 2,077 shares in the last quarter. Denver PWM LLC lifted its position in shares of Compass Minerals International by 33.8% during the 3rd quarter. Denver PWM LLC now owns 3,745 shares of the basic materials company’s stock valued at $45,000 after buying an additional 946 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Compass Minerals International by 247.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,110 shares of the basic materials company’s stock valued at $49,000 after buying an additional 2,928 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Compass Minerals International during the 4th quarter valued at approximately $80,000. Hedge funds and other institutional investors own 99.78% of the company’s stock.

About Compass Minerals International

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.