Compass Minerals International (NYSE:CMP) Price Target Raised to $20.00 at BMO Capital Markets

Compass Minerals International (NYSE:CMP - Get Free Report) had its price target boosted by investment analysts at BMO Capital Markets from $15.00 to $20.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "market perform" rating on the basic materials company's stock. BMO Capital Markets' price target would suggest a potential upside of 2.63% from the company's current price.

CMP has been the topic of several other reports. StockNews.com raised Compass Minerals International from a "sell" rating to a "hold" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. raised Compass Minerals International from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $13.00 to $15.00 in a research report on Wednesday, February 12th.

Compass Minerals International Trading Up 3.5%

Shares of NYSE CMP traded up $0.66 during mid-day trading on Monday, hitting $19.49. 915,132 shares of the company traded hands, compared to its average volume of 804,686. Compass Minerals International has a 1 year low of $7.51 and a 1 year high of $19.96. The stock has a market capitalization of $808.83 million, a price-to-earnings ratio of -4.94 and a beta of 0.95. The company has a quick ratio of 1.12, a current ratio of 2.37 and a debt-to-equity ratio of 3.67. The business has a 50 day moving average of $11.19 and a two-hundred day moving average of $12.11.

Compass Minerals International (NYSE:CMP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.24. The firm had revenue of $494.60 million for the quarter, compared to analyst estimates of $413.96 million. Compass Minerals International had a negative return on equity of 10.00% and a negative net margin of 15.10%. The firm's revenue was up 35.9% compared to the same quarter last year. On average, sell-side 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 large investors have recently made changes to their positions in CMP. Koch Inc. bought a new stake in Compass Minerals International during the 4th quarter valued at approximately $79,139,000. Nuveen Asset Management LLC boosted its stake in Compass Minerals International by 642.5% during the 4th quarter. Nuveen Asset Management LLC now owns 1,058,551 shares of the basic materials company's stock valued at $11,909,000 after purchasing an additional 915,983 shares during the period. SailingStone Capital Partners LLC boosted its stake in Compass Minerals International by 13.7% during the 4th quarter. SailingStone Capital Partners LLC now owns 5,427,142 shares of the basic materials company's stock valued at $61,055,000 after purchasing an additional 652,129 shares during the period. Lightrock Netherlands B.V. bought a new stake in Compass Minerals International during the 4th quarter valued at approximately $6,394,000. Finally, Icon Advisers Inc. Co. boosted its stake in Compass Minerals International by 375.0% during the 4th quarter. Icon Advisers Inc. Co. now owns 475,000 shares of the basic materials company's stock valued at $5,344,000 after purchasing an additional 375,000 shares during the period. Institutional investors 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.

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