Compass Minerals International (NYSE:CMP) Earns "Underweight" Rating from JPMorgan Chase & Co.

Key Points

• Compass Minerals International has been downgraded by JPMorgan Chase & Co. from an "overweight" to an "underweight" rating, with a new price target of $18.00, indicating a potential downside of 6.52% from its previous close.
• In its latest earnings report, the company reported a loss of ($0.39) earnings per share for the quarter, missing analysts' estimates, despite posting a revenue of $214.60 million, up 5.8% from the same quarter last year.
• Institutional investors own nearly 99.78% of Compass Minerals' stock, with significant recent investments from entities like Koch Inc. and GAMMA Investing LLC.

Compass Minerals International (NYSE:CMP - Get Free Report)'s stock had its "underweight" rating restated by analysts at JPMorgan Chase & Co. in a research report issued on Wednesday, Marketbeat Ratings reports. They currently have a $18.00 price objective on the basic materials company's stock, up from their previous price objective of $15.00. JPMorgan Chase & Co.'s price objective would suggest a potential downside of 5.71% from the stock's previous close.

CMP has been the subject of a number of other research reports. BMO Capital Markets raised their price target on shares of Compass Minerals International from $15.00 to $20.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. Wall Street Zen cut shares of Compass Minerals International from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $22.00 target price (up previously from $14.00) on shares of Compass Minerals International in a research note on Monday, June 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $20.00.

Compass Minerals International Stock Performance

Shares of NYSE CMP traded up $0.07 during mid-day trading on Wednesday, hitting $19.09. The company had a trading volume of 392,656 shares, compared to its average volume of 661,848. The company has a debt-to-equity ratio of 3.30, a current ratio of 2.15 and a quick ratio of 1.15. The business's 50-day simple moving average is $20.50 and its 200-day simple moving average is $15.66. Compass Minerals International has a 12 month low of $7.51 and a 12 month high of $22.69. The firm has a market cap of $795.86 million, a P/E ratio of -6.54 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 analysts' consensus estimates of ($0.13) by ($0.26). The business had revenue of $214.60 million for the quarter, compared to the consensus estimate of $208.60 million. Compass Minerals International had a negative return on equity of 16.70% and a negative net margin of 9.87%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.05) EPS. As a group, analysts predict that Compass Minerals International will post -0.53 earnings per share for the current fiscal year.

Institutional Trading of Compass Minerals International

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC increased its holdings in shares of Compass Minerals International by 95.0% in the second quarter. CWM LLC now owns 1,363 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 664 shares in the last quarter. Federated Hermes Inc. acquired a new stake in Compass Minerals International during the 1st quarter worth $40,000. GAMMA Investing LLC grew its holdings in Compass Minerals International by 361.4% during the 1st quarter. GAMMA Investing LLC now owns 4,812 shares of the basic materials company's stock worth $45,000 after acquiring an additional 3,769 shares during the period. AlphaQuest LLC grew its holdings 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 worth $64,000 after acquiring an additional 6,908 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in Compass Minerals International by 37.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,967 shares of the basic materials company's stock worth $80,000 after acquiring an additional 1,084 shares during the period. Institutional investors and hedge funds own 99.78% of the company's stock.

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.