Compass Minerals International (NYSE:CMP) Price Target Lowered to $17.00 at BMO Capital Markets

Compass Minerals International (NYSE:CMP) had its price objective reduced by stock analysts at BMO Capital Markets from $18.00 to $17.00 in a note issued to investors on Wednesday,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 43.74% from the stock’s previous close.

Separately, JPMorgan Chase & Co. raised shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $13.00 to $15.00 in a report on Wednesday.

Compass Minerals International Stock Performance

Shares of NYSE:CMP traded up $0.41 during midday trading on Wednesday, hitting $11.83. The stock had a trading volume of 276,423 shares, compared to its average volume of 545,814. The company has a market capitalization of $490.47 million, a PE ratio of -2.27, a P/E/G ratio of 1.17 and a beta of 1.21. The stock has a 50 day moving average price of $12.32 and a two-hundred day moving average price of $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. Compass Minerals International has a 1 year low of $7.51 and a 1 year high of $23.59.

Compass Minerals International (NYSE:CMP) last issued its 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 net margin of 19.24% and a negative return on equity of 2.15%. As a group, equities analysts predict that Compass Minerals International will post 0.33 earnings per share for the current fiscal year.

Institutional Trading of Compass Minerals International

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Compass Minerals International by 1,145.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 55,087 shares of the basic materials company’s stock worth $662,000 after buying an additional 50,664 shares in the last quarter. Repertoire Partners LP purchased a new stake in Compass Minerals International during the third quarter worth about $1,202,000. Weiss Asset Management LP purchased a new stake in Compass Minerals International during the third quarter worth about $1,177,000. Barclays PLC boosted its holdings in Compass Minerals International by 76.7% during the third quarter. Barclays PLC now owns 92,803 shares of the basic materials company’s stock worth $1,116,000 after buying an additional 40,288 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Compass Minerals International during the third quarter worth about $535,000. 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.