Compass Minerals International (NYSE:CMP) Given New $63.00 Price Target at BMO Capital Markets

Compass Minerals International (NYSE:CMPGet Rating) had its price target boosted by BMO Capital Markets from $60.00 to $63.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “market perform” rating on the basic materials company’s stock. BMO Capital Markets’ price objective would indicate a potential downside of 3.88% from the company’s previous close.

Several other analysts also recently commented on the stock. CL King raised their price objective on shares of Compass Minerals International from $65.00 to $67.00 in a research report on Thursday, March 3rd. StockNews.com began coverage on shares of Compass Minerals International in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a report on Tuesday, April 12th. Finally, JPMorgan Chase & Co. downgraded shares of Compass Minerals International from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $57.00 to $52.00 in a report on Thursday, February 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $64.33.

Shares of CMP stock opened at $65.54 on Monday. The company has a market cap of $2.23 billion, a P/E ratio of -10.01 and a beta of 1.49. Compass Minerals International has a one year low of $47.10 and a one year high of $75.44. The company’s fifty day moving average price is $59.84. The company has a quick ratio of 1.41, a current ratio of 2.96 and a debt-to-equity ratio of 3.49.

Compass Minerals International (NYSE:CMPGet Rating) last announced its quarterly earnings data on Tuesday, February 8th. The basic materials company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.05). The firm had revenue of $331.50 million for the quarter, compared to the consensus estimate of $353.00 million. Compass Minerals International had a negative net margin of 18.83% and a positive return on equity of 12.48%. As a group, equities analysts expect that Compass Minerals International will post 0.97 earnings per share for the current year.

Several large investors have recently modified their holdings of CMP. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Compass Minerals International in the 3rd quarter worth $39,000. Clearstead Advisors LLC grew its stake in shares of Compass Minerals International by 56.4% in the 3rd quarter. Clearstead Advisors LLC now owns 907 shares of the basic materials company’s stock worth $58,000 after buying an additional 327 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Compass Minerals International by 595.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 904 shares of the basic materials company’s stock worth $71,000 after buying an additional 774 shares in the last quarter. Concord Wealth Partners grew its stake in shares of Compass Minerals International by 13.8% in the 4th quarter. Concord Wealth Partners now owns 1,828 shares of the basic materials company’s stock worth $93,000 after buying an additional 222 shares in the last quarter. Finally, Fieldpoint Private Securities LLC purchased a new position in shares of Compass Minerals International in the 4th quarter worth $101,000. 89.75% of the stock is owned by institutional investors and hedge funds.

Compass Minerals International Company Profile (Get Rating)

Compass Minerals International, Inc, produces and sells essential minerals primarily in the United States, Canada, Brazil, the United Kingdom, and internationally. 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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