Wall Street Zen Downgrades Compass Minerals International (NYSE:CMP) to Hold

Compass Minerals International (NYSE:CMP) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other research firms have also recently weighed in on CMP. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $13.00 to $15.00 in a report on Wednesday, February 12th. BMO Capital Markets raised their target price on shares of Compass Minerals International from $15.00 to $20.00 and gave the stock a “market perform” rating in a research report on Monday, May 12th.

Compass Minerals International Stock Performance

Compass Minerals International stock opened at $19.21 on Thursday. The company has a current ratio of 2.37, a quick ratio of 1.12 and a debt-to-equity ratio of 3.67. The firm has a 50-day moving average of $12.98 and a 200-day moving average of $12.58. The firm has a market cap of $797.21 million, a P/E ratio of -4.86 and a beta of 0.95. Compass Minerals International has a 1-year low of $7.51 and a 1-year high of $20.17.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.24. Compass Minerals International had a negative return on equity of 10.00% and a negative net margin of 15.10%. The business had revenue of $494.60 million during the quarter, compared to analyst estimates of $413.96 million. The business’s revenue was up 35.9% compared to the same quarter last year. Sell-side analysts expect that Compass Minerals International will post -0.53 EPS for the current year.

Institutional Investors Weigh In On Compass Minerals International

Several hedge funds have recently made changes to their positions in CMP. Federated Hermes Inc. bought a new position in Compass Minerals International in the first quarter worth $40,000. GAMMA Investing LLC grew its position in shares of 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 worth $45,000 after buying an additional 3,769 shares during the period. Denver PWM LLC increased its stake in shares of Compass Minerals International by 25.8% in the 4th quarter. Denver PWM LLC now owns 4,712 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 967 shares in the last quarter. AlphaQuest LLC lifted its position in Compass Minerals International by 690,800.0% during the 1st quarter. AlphaQuest LLC now owns 6,909 shares of the basic materials company’s stock valued at $64,000 after acquiring an additional 6,908 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in Compass Minerals International during the fourth quarter worth about $80,000. 99.78% of the stock is currently owned by institutional investors.

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.