Compass Minerals International Downgraded to Neutral at Zacks (CMP)
Compass Minerals International (NYSE:CMP) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday. They currently have a $98.60 target price on the stock. Zacks‘s target price indicates a potential upside of 3.24% from the stock’s previous close.
A number of other analysts have also recently weighed in on CMP. Analysts at BMO Capital Markets raised their price target on shares of Compass Minerals International from $79.00 to $87.00 in a research note on Thursday, June 5th. They now have a “market perform” rating on the stock. Separately, analysts at Ned Davis Research upgraded shares of Compass Minerals International from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Compass Minerals International from a “neutral” rating to an “overweight” rating in a research note on Wednesday, April 30th. They now have a $99.00 price target on the stock, up previously from $76.00. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $93.80.
Shares of Compass Minerals International (NYSE:CMP) traded down 0.24% during mid-day trading on Tuesday, hitting $95.51. 369,934 shares of the company’s stock traded hands. Compass Minerals International has a 52-week low of $64.24 and a 52-week high of $95.82. The stock has a 50-day moving average of $93.05 and a 200-day moving average of $85.72. The company has a market cap of $3.203 billion and a price-to-earnings ratio of 23.98. Compass Minerals International also saw a significant drop in short interest during the month of June. As of June 13th, there was short interest totalling 423,951 shares, a drop of 29.1% from the May 30th total of 597,930 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 231,402 shares, the days-to-cover ratio is presently 1.8 days.
Compass Minerals International (NYSE:CMP) last announced its earnings results on Monday, April 28th. The company reported $1.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.42 by $0.07. The company had revenue of $422.00 million for the quarter, compared to the consensus estimate of $393.15 million. During the same quarter in the prior year, the company posted $1.38 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, analysts predict that Compass Minerals International will post $4.43 earnings per share for the current fiscal year.
Compass Minerals International, Inc (NYSE:CMP) is a producer of minerals, including salt, sulfate of potash specialty fertilizer (SOP) and magnesium chloride.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.