Compass Minerals International (NYSE:CMP) Upgraded to "Strong-Buy" at Wall Street Zen

Compass Minerals International (NYSE:CMP - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Sunday.

CMP has been the topic of several other reports. JPMorgan Chase & Co. upgraded shares of Compass Minerals International from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $13.00 to $15.00 in a report on Wednesday, February 12th. BMO Capital Markets increased their target price on shares of Compass Minerals International from $15.00 to $20.00 and gave the stock a "market perform" rating in a report on Monday, May 12th.

Compass Minerals International Price Performance

Compass Minerals International stock traded down $0.38 during trading hours on Friday, hitting $19.28. 686,546 shares of the stock were exchanged, compared to its average volume of 819,842. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.12 and a current ratio of 2.37. The stock has a market capitalization of $800.20 million, a P/E ratio of -4.88 and a beta of 1.11. Compass Minerals International has a 12 month low of $7.51 and a 12 month high of $20.96. The business's 50-day moving average is $15.59 and its two-hundred day moving average is $13.11.

Compass Minerals International (NYSE:CMP - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.39 by $0.24. Compass Minerals International had a negative net margin of 15.10% and a negative return on equity of 10.00%. The business had revenue of $494.60 million for the quarter, compared to analysts' expectations of $413.96 million. Compass Minerals International's revenue for the quarter was up 35.9% compared to the same quarter last year. Equities research analysts expect that Compass Minerals International will post -0.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Compass Minerals International

Hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Compass Minerals International by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,665 shares of the basic materials company's stock worth $192,000 after acquiring an additional 858 shares during the period. Cubist Systematic Strategies LLC grew its position in Compass Minerals International by 19.4% in the first quarter. Cubist Systematic Strategies LLC now owns 305,753 shares of the basic materials company's stock valued at $2,840,000 after purchasing an additional 49,668 shares in the last quarter. Royal Bank of Canada grew its position in Compass Minerals International by 10.5% in the first quarter. Royal Bank of Canada now owns 49,928 shares of the basic materials company's stock valued at $464,000 after purchasing an additional 4,740 shares in the last quarter. Ewing Morris & Co. Investment Partners Ltd. bought a new position in Compass Minerals International in the first quarter valued at $3,944,000. Finally, Long Focus Capital Management LLC grew its position in Compass Minerals International by 48.2% in the first quarter. Long Focus Capital Management LLC now owns 222,370 shares of the basic materials company's stock valued at $2,066,000 after purchasing an additional 72,370 shares in the last quarter. 99.78% of the stock is currently 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.