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

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

CMP has been the subject of several other research reports. JPMorgan Chase & Co. raised shares of Compass Minerals International from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $13.00 to $15.00 in a research report on Wednesday, February 12th. BMO Capital Markets upped 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.

Compass Minerals International Trading Down 1.3%

Shares of Compass Minerals International stock opened at $19.95 on Friday. The firm has a 50-day moving average of $14.96 and a 200-day moving average of $13.00. The stock has a market cap of $827.80 million, a PE ratio of -5.05 and a beta of 1.11. Compass Minerals International has a 52-week low of $7.51 and a 52-week high of $20.75. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.12 and a current ratio of 2.37.

Compass Minerals International (NYSE:CMP - Get Free Report) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.24. The company had revenue of $494.60 million during the quarter, compared to analysts' expectations of $413.96 million. Compass Minerals International had a negative net margin of 15.10% and a negative return on equity of 10.00%. The business's revenue was up 35.9% on a year-over-year basis. As a group, sell-side analysts forecast that Compass Minerals International will post -0.53 EPS for the current year.

Institutional Investors Weigh In On Compass Minerals International

Several institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Compass Minerals International by 4.3% in 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 last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of 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 worth $2,840,000 after acquiring an additional 49,668 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of 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 worth $464,000 after acquiring an additional 4,740 shares during the last quarter. Ewing Morris & Co. Investment Partners Ltd. bought a new position in shares of Compass Minerals International in the first quarter worth about $3,944,000. Finally, Long Focus Capital Management LLC lifted its holdings in shares of 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 worth $2,066,000 after acquiring an additional 72,370 shares during the last quarter. 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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