Compass Minerals International (NYSE:CMP) Given Sell (D-) Rating at Weiss Ratings

Key Points

• Compass Minerals International's stock received a Sell (D-) rating from Weiss Ratings, indicating negative sentiment among analysts.
• The company's stock has a consensus target price of $20.00, with ratings that include one Buy, two Holds, and two Sells from various equity research analysts.
• Recent earnings reports showed a loss of $0.39 EPS, missing expectations, but revenue was up 5.8% year-over-year, totaling $214.60 million.

Compass Minerals International (NYSE:CMP - Get Free Report)'s stock had its "sell (d-)" rating restated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts also recently weighed in on CMP. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $22.00 price objective (up previously from $14.00) on shares of Compass Minerals International in a report on Monday, June 23rd. Zacks Research raised shares of Compass Minerals International to a "hold" rating in a report on Monday, August 11th. Wall Street Zen downgraded shares of Compass Minerals International from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $18.00 price objective (up previously from $15.00) on shares of Compass Minerals International in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $20.00.

Compass Minerals International Stock Performance

Shares of CMP traded up $0.34 during midday trading on Wednesday, hitting $19.36. 334,553 shares of the stock traded hands, compared to its average volume of 415,801. Compass Minerals International has a 1-year low of $8.60 and a 1-year high of $22.69. The firm has a market capitalization of $807.12 million, a PE ratio of -6.63 and a beta of 1.11. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.15 and a current ratio of 2.15. The business's 50 day moving average price is $19.16 and its two-hundred day moving average price is $17.63.

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) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.26). Compass Minerals International had a negative net margin of 9.87% and a negative return on equity of 16.70%. The firm had revenue of $214.60 million for the quarter, compared to analyst estimates of $208.60 million. During the same period last year, the firm posted ($1.05) EPS. The business's revenue was up 5.8% compared to the same quarter last year. Compass Minerals International has set its FY 2025 guidance at EPS. Equities research analysts predict that Compass Minerals International will post -0.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Compass Minerals International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its holdings in Compass Minerals International by 3.5% in the 2nd quarter. Osaic Holdings Inc. now owns 64,702 shares of the basic materials company's stock valued at $1,294,000 after acquiring an additional 2,211 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in Compass Minerals International during the 2nd quarter worth about $913,000. Nomura Holdings Inc. acquired a new stake in Compass Minerals International during the 2nd quarter worth about $5,168,000. Headlands Technologies LLC acquired a new stake in Compass Minerals International during the 2nd quarter worth about $83,000. Finally, Tower Research Capital LLC TRC raised its holdings in Compass Minerals International by 1,450.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,402 shares of the basic materials company's stock worth $209,000 after buying an additional 9,731 shares during the period. 99.78% of the stock is owned by institutional investors and hedge funds.

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.

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