BMO Capital Markets Has Lowered Expectations for Compass Minerals International (NYSE:CMP) Stock Price

Compass Minerals International (NYSE:CMP) had its target price lowered by stock analysts at BMO Capital Markets from $20.00 to $18.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the basic materials company’s stock. BMO Capital Markets’ price objective suggests a potential upside of 43.88% from the stock’s previous close.

Separately, StockNews.com upgraded shares of Compass Minerals International to a “sell” rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $30.50.

Compass Minerals International Stock Performance

Shares of Compass Minerals International stock traded down $0.28 on Wednesday, reaching $12.51. 156,026 shares of the company were exchanged, compared to its average volume of 813,589. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.74 and a current ratio of 2.90. Compass Minerals International has a 1-year low of $7.51 and a 1-year high of $27.10. The company’s 50-day moving average is $13.59 and its two-hundred day moving average is $11.90. The firm has a market cap of $518.53 million, a price-to-earnings ratio of -2.40 and a beta of 1.17.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Monday, December 16th. The basic materials company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.82). Compass Minerals International had a positive return on equity of 4.75% and a negative net margin of 14.81%. The firm had revenue of $208.80 million during the quarter, compared to the consensus estimate of $323.61 million. During the same quarter in the prior year, the business posted $0.05 EPS. Compass Minerals International’s revenue was down 38.9% compared to the same quarter last year. As a group, research analysts expect that Compass Minerals International will post 0.04 earnings per share for the current fiscal year.

Institutional Trading of Compass Minerals International

A number of institutional investors have recently modified their holdings of CMP. Bank of New York Mellon Corp lifted its position in shares of Compass Minerals International by 10.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 405,238 shares of the basic materials company’s stock worth $4,186,000 after buying an additional 39,383 shares during the last quarter. Alpha Omega Wealth Management LLC lifted its position in shares of Compass Minerals International by 34.4% during the 2nd quarter. Alpha Omega Wealth Management LLC now owns 57,866 shares of the basic materials company’s stock worth $598,000 after buying an additional 14,795 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Compass Minerals International during the 2nd quarter worth $45,000. Summit Securities Group LLC bought a new stake in shares of Compass Minerals International during the 2nd quarter worth $94,000. Finally, Skylands Capital LLC increased its holdings in Compass Minerals International by 387.3% in the 2nd quarter. Skylands Capital LLC now owns 103,300 shares of the basic materials company’s stock worth $1,067,000 after purchasing an additional 82,100 shares in the last quarter. 99.78% of the stock is currently owned by institutional investors.

Compass Minerals International Company Profile

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.