Compass Minerals International (NYSE:CMP) PT Lowered to $55.00

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Compass Minerals International (NYSE:CMP) had its price target cut by stock analysts at BMO Capital Markets to $55.00 in a report released on Thursday, The Fly reports. The firm currently has a “market perform” rating on the basic materials company’s stock. BMO Capital Markets’ price target would indicate a potential downside of 3.39% from the company’s current price.

Several other research firms have also recently issued reports on CMP. Zacks Investment Research raised shares of Compass Minerals International from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Monday, November 4th. ValuEngine raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Deutsche Bank decreased their target price on shares of Compass Minerals International from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $56.61.

Shares of Compass Minerals International stock traded up $0.39 during mid-day trading on Thursday, hitting $56.93. 317,027 shares of the stock were exchanged, compared to its average volume of 314,316. Compass Minerals International has a twelve month low of $38.19 and a twelve month high of $60.14. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 29.50 and a beta of 1.36. The company has a 50-day simple moving average of $56.36 and a 200 day simple moving average of $54.51. The company has a current ratio of 2.26, a quick ratio of 1.14 and a debt-to-equity ratio of 2.44.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.37). Compass Minerals International had a return on equity of 10.90% and a net margin of 3.89%. The firm had revenue of $341.30 million for the quarter, compared to analyst estimates of $351.89 million. During the same period in the prior year, the business earned $0.37 earnings per share. Compass Minerals International’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities research analysts forecast that Compass Minerals International will post 2.53 earnings per share for the current fiscal year.

In related news, insider Kevin S. Crutchfield bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average cost of $49.46 per share, with a total value of $98,920.00. Following the completion of the transaction, the insider now owns 2,000 shares of the company’s stock, valued at $98,920. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. Goelzer Investment Management Inc. lifted its position in Compass Minerals International by 4.3% during the third quarter. Goelzer Investment Management Inc. now owns 96,875 shares of the basic materials company’s stock valued at $5,472,000 after buying an additional 3,980 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in Compass Minerals International during the third quarter valued at approximately $6,002,000. Massachusetts Financial Services Co. MA acquired a new position in Compass Minerals International during the third quarter valued at approximately $27,718,000. GW&K Investment Management LLC lifted its position in Compass Minerals International by 58.0% during the third quarter. GW&K Investment Management LLC now owns 338,565 shares of the basic materials company’s stock valued at $19,126,000 after buying an additional 124,324 shares in the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI lifted its position in Compass Minerals International by 16.9% during the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 9,880 shares of the basic materials company’s stock valued at $558,000 after buying an additional 1,425 shares in the last quarter. 92.26% of the stock is currently owned by hedge funds and other institutional investors.

Compass Minerals International Company Profile

Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. 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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