Compass Minerals International (NYSE:CMP) Stock Rating Lowered by Wall Street Zen

Key Points

• Compass Minerals International has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, reflecting a cautious outlook on the stock.
• In recent earnings, the company reported a loss of ($0.39) per share, missing expectations, despite a revenue increase of 5.8% year-over-year.
• Hedge funds and institutional investors hold 99.78% of Compass Minerals' stock, indicating significant institutional interest in the company.

Compass Minerals International (NYSE:CMP - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

Several other research analysts also recently issued reports on the stock. Zacks Research raised shares of Compass Minerals International to a "hold" rating in a research report on Monday, August 11th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $18.00 price objective (up from $15.00) on shares of Compass Minerals International in a research report on Wednesday, August 13th. BMO Capital Markets raised their price objective 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. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $22.00 price objective (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, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $20.00.

Compass Minerals International Stock Down 0.2%

NYSE:CMP traded down $0.0290 during midday trading on Friday, hitting $18.8210. 317,615 shares of the company were exchanged, compared to its average volume of 471,762. The company has a fifty day simple moving average of $20.45 and a 200 day simple moving average of $15.75. Compass Minerals International has a fifty-two week low of $7.51 and a fifty-two week high of $22.69. The company has a current ratio of 2.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.30. The company has a market capitalization of $784.65 million, a PE ratio of -6.45 and a beta of 1.11.

Compass Minerals International (NYSE:CMP - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The basic materials company reported ($0.39) EPS for the quarter, missing the consensus estimate 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 company had revenue of $214.60 million for the quarter, compared to analyst estimates of $208.60 million. During the same quarter in the prior year, the business earned ($1.05) earnings per share. Compass Minerals International's revenue was up 5.8% compared to the same quarter last year. Compass Minerals International has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Compass Minerals International will post -0.53 earnings per share for the current fiscal year.

Institutional Trading of Compass Minerals International

Several hedge funds and other institutional investors have recently bought and sold shares of CMP. Koch Inc. acquired a new position in Compass Minerals International during the fourth quarter worth approximately $79,139,000. SailingStone Capital Partners LLC increased its position in Compass Minerals International by 13.7% during the fourth quarter. SailingStone Capital Partners LLC now owns 5,427,142 shares of the basic materials company's stock worth $61,055,000 after purchasing an additional 652,129 shares during the last quarter. Ewing Morris & Co. Investment Partners Ltd. increased its position in Compass Minerals International by 201.7% during the second quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,280,648 shares of the basic materials company's stock worth $25,728,000 after purchasing an additional 856,149 shares during the last quarter. Nuveen Asset Management LLC increased its position in Compass Minerals International by 642.5% during the fourth quarter. Nuveen Asset Management LLC now owns 1,058,551 shares of the basic materials company's stock worth $11,909,000 after purchasing an additional 915,983 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Compass Minerals International by 57.6% during the second quarter. American Century Companies Inc. now owns 916,088 shares of the basic materials company's stock worth $18,404,000 after purchasing an additional 334,857 shares during the last quarter. 99.78% of the stock is 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.