Compass Minerals International (NYSE:CMP) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Compass Minerals International (NYSE:CMP) from a hold rating to a strong sell rating in a research report sent to investors on Monday,Zacks.com reports.

CMP has been the topic of a number of other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Compass Minerals International in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $18.00 price target (up previously from $15.00) on shares of Compass Minerals International in a research note on Wednesday, August 13th. Wall Street Zen lowered Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $22.00 target price (up from $14.00) on shares of Compass Minerals International in a research report on Monday, June 23rd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Compass Minerals International presently has a consensus rating of “Reduce” and a consensus target price of $20.00.

Compass Minerals International Trading Down 1.8%

Shares of Compass Minerals International stock opened at $19.55 on Monday. Compass Minerals International has a fifty-two week low of $8.60 and a fifty-two week high of $22.69. The firm has a market cap of $814.96 million, a PE ratio of -6.69 and a beta of 1.11. The business’s fifty day moving average is $19.08 and its two-hundred day moving average is $17.97. The company has a quick ratio of 1.15, a current ratio of 2.15 and a debt-to-equity ratio of 3.30.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Monday, August 11th. The basic materials company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.26). Compass Minerals International had a negative return on equity of 16.70% and a negative net margin of 9.87%.The business had revenue of $214.60 million for the quarter, compared to analysts’ expectations of $208.60 million. During the same period in the prior year, the company earned ($1.05) EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Compass Minerals International has set its FY 2025 guidance at EPS. Analysts anticipate that Compass Minerals International will post -0.53 earnings per share for the current year.

Institutional Trading of Compass Minerals International

Several large investors have recently added to or reduced their stakes in CMP. GAMMA Investing LLC increased its holdings in Compass Minerals International by 361.4% in the 1st quarter. GAMMA Investing LLC now owns 4,812 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 3,769 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Compass Minerals International by 266.5% during the first quarter. SG Americas Securities LLC now owns 44,244 shares of the basic materials company’s stock valued at $411,000 after acquiring an additional 32,171 shares in the last quarter. Skylands Capital LLC grew its stake in shares of Compass Minerals International by 4.1% during the first quarter. Skylands Capital LLC now owns 93,600 shares of the basic materials company’s stock valued at $870,000 after acquiring an additional 3,700 shares in the last quarter. Lightrock Netherlands B.V. grew its stake in shares of Compass Minerals International by 33.6% during the first quarter. Lightrock Netherlands B.V. now owns 755,373 shares of the basic materials company’s stock valued at $7,029,000 after acquiring an additional 189,786 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Compass Minerals International by 3.2% during the first quarter. Envestnet Asset Management Inc. now owns 49,191 shares of the basic materials company’s stock valued at $457,000 after acquiring an additional 1,535 shares in the last quarter. 99.78% of the stock is currently owned by institutional investors and hedge funds.

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.