Compass Minerals International (NYSE:CMP) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Compass Minerals International (NYSE:CMP) from a neutral rating to an overweight rating in a report published on Wednesday, Marketbeat Ratings reports. They currently have $15.00 target price on the basic materials company’s stock, up from their prior target price of $13.00.

Separately, BMO Capital Markets lowered their price target on shares of Compass Minerals International from $20.00 to $18.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 18th.

Compass Minerals International Stock Performance

CMP opened at $11.29 on Wednesday. The firm has a market capitalization of $468.20 million, a PE ratio of -2.17, a PEG ratio of 1.17 and a beta of 1.21. Compass Minerals International has a twelve month low of $7.51 and a twelve month high of $23.59. The firm’s 50-day moving average price is $12.17 and its 200 day moving average price is $11.97. The company has a current ratio of 2.71, a quick ratio of 0.80 and a debt-to-equity ratio of 2.87.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Monday, February 10th. The basic materials company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.50). Compass Minerals International had a negative return on equity of 2.15% and a negative net margin of 19.24%. As a group, sell-side analysts expect that Compass Minerals International will post 0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Compass Minerals International

Institutional investors and hedge funds have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Compass Minerals International by 1,145.5% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 55,087 shares of the basic materials company’s stock valued at $662,000 after purchasing an additional 50,664 shares during the last quarter. Repertoire Partners LP purchased a new stake in shares of Compass Minerals International in the 3rd quarter valued at approximately $1,202,000. Weiss Asset Management LP purchased a new stake in shares of Compass Minerals International in the 3rd quarter valued at approximately $1,177,000. Barclays PLC raised its stake in shares of Compass Minerals International by 76.7% in the 3rd quarter. Barclays PLC now owns 92,803 shares of the basic materials company’s stock valued at $1,116,000 after acquiring an additional 40,288 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Compass Minerals International in the 3rd quarter valued at approximately $535,000. 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.