Compass Minerals International (NYSE:CMP) Hits New 12-Month Low on Analyst Downgrade

Compass Minerals International, Inc. (NYSE:CMPGet Free Report)’s stock price hit a new 52-week low during trading on Tuesday after BMO Capital Markets lowered their price target on the stock from $25.00 to $20.00. BMO Capital Markets currently has a market perform rating on the stock. Compass Minerals International traded as low as $13.62 and last traded at $13.98, with a volume of 146859 shares traded. The stock had previously closed at $14.55.

Several other research firms have also issued reports on CMP. JPMorgan Chase & Co. dropped their price objective on shares of Compass Minerals International from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Loop Capital cut Compass Minerals International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $29.00 to $26.00 in a research note on Monday, March 4th. Finally, Stifel Nicolaus lowered their target price on Compass Minerals International from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, January 11th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $34.40.

Read Our Latest Research Report on CMP

Insider Transactions at Compass Minerals International

In other Compass Minerals International news, Director Joseph E. Reece bought 5,000 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were bought at an average cost of $21.24 per share, with a total value of $106,200.00. Following the transaction, the director now directly owns 16,000 shares in the company, valued at approximately $339,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Peoples Bank KS bought a new stake in shares of Compass Minerals International during the 3rd quarter valued at about $30,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Compass Minerals International by 156.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,239 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 756 shares during the last quarter. Quarry LP acquired a new position in Compass Minerals International during the 1st quarter valued at approximately $39,000. Ulland Investment Advisors LLC bought a new position in Compass Minerals International during the 3rd quarter worth $58,000. Finally, Dark Forest Capital Management LP acquired a new stake in Compass Minerals International in the first quarter worth $64,000. Institutional investors and hedge funds own 99.78% of the company’s stock.

Compass Minerals International Price Performance

The company has a market capitalization of $565.74 million, a P/E ratio of -9.38, a PEG ratio of 1.00 and a beta of 1.17. The company has a quick ratio of 1.15, a current ratio of 3.07 and a debt-to-equity ratio of 1.98. The business has a 50 day simple moving average of $21.08 and a 200-day simple moving average of $23.92.

Compass Minerals International (NYSE:CMPGet Free Report) last posted its earnings results on Wednesday, February 7th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.19). The firm had revenue of $341.70 million for the quarter, compared to analyst estimates of $352.84 million. Compass Minerals International had a negative net margin of 4.97% and a positive return on equity of 4.56%. Compass Minerals International’s revenue for the quarter was down 3.0% on a year-over-year basis. Analysts predict that Compass Minerals International, Inc. will post 0.3 EPS for the current fiscal year.

Compass Minerals International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Monday, March 11th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date was Friday, March 8th. Compass Minerals International’s dividend payout ratio (DPR) is -41.10%.

About Compass Minerals International

(Get Free Report)

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.

Further Reading

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