BMO Capital Markets Issues Pessimistic Forecast for Compass Minerals International (NYSE:CMP) Stock Price

Compass Minerals International (NYSE:CMP - Get Free Report) had its price objective dropped by equities research analysts at BMO Capital Markets from $20.00 to $18.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "market perform" rating on the basic materials company's stock. BMO Capital Markets' price objective suggests a potential upside of 49.75% from the company's previous close.

Separately, StockNews.com raised Compass Minerals International to a "sell" rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Compass Minerals International has an average rating of "Hold" and a consensus price target of $30.50.

Compass Minerals International Trading Down 6.0 %

Shares of NYSE CMP traded down $0.77 during midday trading on Wednesday, reaching $12.02. 1,021,558 shares of the stock were exchanged, compared to its average volume of 817,242. The company has a current ratio of 2.90, a quick ratio of 0.74 and a debt-to-equity ratio of 2.47. The company has a market capitalization of $498.22 million, a P/E ratio of -2.93 and a beta of 1.17. The stock has a 50 day moving average price of $13.60 and a 200-day moving average price of $11.90. Compass Minerals International has a 52-week low of $7.51 and a 52-week high of $27.10.

Compass Minerals International (NYSE:CMP - Get Free Report) last issued its quarterly earnings results on Monday, December 16th. The basic materials company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.82). Compass Minerals International had a positive return on equity of 4.75% and a negative net margin of 14.81%. The business had revenue of $208.80 million during the quarter, compared to analyst estimates of $323.61 million. During the same period in the previous year, the business posted $0.05 earnings per share. The firm's quarterly revenue was down 38.9% on a year-over-year basis. Equities research analysts expect that Compass Minerals International will post 0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. 272 Capital LP acquired a new stake in Compass Minerals International in the third quarter valued at $226,000. Denver PWM LLC increased its position in shares of Compass Minerals International by 33.8% in the 3rd quarter. Denver PWM LLC now owns 3,745 shares of the basic materials company's stock worth $45,000 after purchasing an additional 946 shares during the last quarter. Bard Financial Services Inc. raised its stake in shares of Compass Minerals International by 15.1% in the 3rd quarter. Bard Financial Services Inc. now owns 187,365 shares of the basic materials company's stock valued at $2,252,000 after purchasing an additional 24,615 shares in the last quarter. Barclays PLC lifted its position in shares of Compass Minerals International by 76.7% during the third quarter. Barclays PLC now owns 92,803 shares of the basic materials company's stock worth $1,116,000 after purchasing an additional 40,288 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Compass Minerals International by 0.8% in the third quarter. Geode Capital Management LLC now owns 782,811 shares of the basic materials company's stock worth $9,412,000 after purchasing an additional 6,062 shares in the last quarter. 99.78% of the stock is currently owned by hedge funds and other institutional investors.

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.