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

Key Points

• JPMorgan reaffirmed its “underweight” rating on Compass Minerals and lowered its price target from $30 to $27, implying approximately 1.6% downside from the prior close.
• Analyst sentiment remains cautious: Compass Minerals has a consensus “Reduce” rating and an average price target of $27.60, with one Buy, two Hold, and two Sell ratings.
• The company’s latest quarterly results missed earnings expectations, reporting a loss of $0.14 per share versus the $0.06 loss analysts expected, although revenue of $215.3 million exceeded estimates.

Compass Minerals International (NYSE:CMP - Get Free Report)'s stock had its "underweight" rating reissued by JPMorgan Chase & Co. in a research note issued on Monday,Benzinga reports. They currently have a $27.00 price target on the basic materials company's stock, down from their prior price target of $30.00. JPMorgan Chase & Co.'s price objective indicates a potential downside of 1.59% from the stock's previous close.

Other analysts also recently issued reports about the stock. Compass Point set a $27.00 target price on shares of Compass Minerals International in a report on Monday. Zacks Research downgraded shares of Compass Minerals International from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 4th. Weiss Ratings raised shares of Compass Minerals International from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $35.00 price target on shares of Compass Minerals International in a research note on Wednesday, May 27th. Finally, Wall Street Zen downgraded Compass Minerals International from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $27.60.

Compass Minerals International Trading Up 0.3%

CMP opened at $27.43 on Monday. The firm's fifty day moving average is $29.94 and its two-hundred day moving average is $26.91. The firm has a market cap of $1.15 billion, a PE ratio of 63.80 and a beta of 1.23. Compass Minerals International has a twelve month low of $16.40 and a twelve month high of $34.50. The company has a debt-to-equity ratio of 2.72, a quick ratio of 0.98 and a current ratio of 2.01.

Compass Minerals International (NYSE:CMP - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.08). Compass Minerals International had a net margin of 1.42% and a return on equity of 12.75%. The firm had revenue of $215.30 million during the quarter, compared to the consensus estimate of $207.75 million. During the same quarter in the prior year, the company earned ($0.39) EPS. Compass Minerals International's quarterly revenue was up .3% on a year-over-year basis. Equities research analysts anticipate that Compass Minerals International will post 0.82 EPS for the current year.

Institutional Trading of Compass Minerals International

Several large investors have recently modified their holdings of the stock. Comerica Bank grew its position in Compass Minerals International by 80.0% in the fourth quarter. Comerica Bank now owns 1,868 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 830 shares during the last quarter. Fifth Third Bancorp increased its position in Compass Minerals International by 6,266.7% in the 1st quarter. Fifth Third Bancorp now owns 1,719 shares of the basic materials company's stock valued at $40,000 after acquiring an additional 1,692 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Compass Minerals International by 94.4% during the first quarter. PNC Financial Services Group Inc. now owns 2,216 shares of the basic materials company's stock worth $52,000 after purchasing an additional 1,076 shares during the period. Meeder Asset Management Inc. acquired a new stake in Compass Minerals International in the first quarter valued at $70,000. Finally, Headlands Technologies LLC acquired a new position in Compass Minerals International during the 2nd quarter worth about $83,000. 99.78% of the stock is owned by institutional investors and hedge funds.

About Compass Minerals International

Compass Minerals International, Inc is a global producer of essential mineral-based products, primarily known for its salt and plant nutrition portfolios. The company's deicing salts are used by municipalities and commercial customers across North America to maintain safer roadways in winter months. In addition, its water conditioning salts serve both residential and industrial users, supporting water treatment systems that remove hard minerals to protect plumbing and equipment.

Beyond conventional salt products, Compass Minerals has developed a specialty plant nutrition business focused on sulfate of potash (SOP), a premium fertilizer that provides both potassium and sulfur to crops.

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