Compass Minerals International (CMP) Stock Rating Lowered by Credit Suisse Group

Compass Minerals International (NYSE:CMP) was downgraded by analysts at Credit Suisse Group from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday. They presently have a $60.00 price target on the basic materials company’s stock, up from their prior price target of $59.72. Credit Suisse Group’s target price points to a potential downside of 9.64% from the company’s current price.

A number of other research firms also recently commented on CMP. TheStreet raised shares of Compass Minerals International from a “c+” rating to a “b” rating in a report on Thursday, November 30th. Zacks Investment Research raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $84.00 price objective on shares of Compass Minerals International in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $72.00.

Compass Minerals International (CMP) traded down $1.35 during mid-day trading on Wednesday, reaching $66.40. 95,917 shares of the company were exchanged, compared to its average volume of 344,974. The stock has a market capitalization of $2,342.55, a P/E ratio of 54.20 and a beta of 0.55. Compass Minerals International has a 52-week low of $59.72 and a 52-week high of $79.45. The company has a current ratio of 2.52, a quick ratio of 1.18 and a debt-to-equity ratio of 1.70.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Tuesday, February 13th. The basic materials company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.29. The firm had revenue of $457.90 million for the quarter, compared to the consensus estimate of $468.52 million. Compass Minerals International had a net margin of 3.13% and a return on equity of 12.89%. analysts predict that Compass Minerals International will post 3.73 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in shares of Compass Minerals International by 1.3% in the fourth quarter. BlackRock Inc. now owns 3,608,533 shares of the basic materials company’s stock valued at $260,716,000 after purchasing an additional 47,863 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in shares of Compass Minerals International by 28.6% during the fourth quarter. OppenheimerFunds Inc. now owns 1,912,663 shares of the basic materials company’s stock valued at $138,190,000 after buying an additional 425,753 shares during the period. State Street Corp lifted its stake in shares of Compass Minerals International by 23.3% during the second quarter. State Street Corp now owns 1,615,191 shares of the basic materials company’s stock valued at $105,474,000 after buying an additional 305,111 shares during the period. Janus Henderson Group PLC increased its position in Compass Minerals International by 32.2% during the third quarter. Janus Henderson Group PLC now owns 1,486,825 shares of the basic materials company’s stock worth $96,495,000 after purchasing an additional 361,985 shares during the last quarter. Finally, River Road Asset Management LLC increased its position in Compass Minerals International by 2.4% during the fourth quarter. River Road Asset Management LLC now owns 892,475 shares of the basic materials company’s stock worth $64,481,000 after purchasing an additional 20,947 shares during the last quarter.

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About Compass Minerals International

Compass Minerals International, Inc (CMI) is a provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes.

Analyst Recommendations for Compass Minerals International (NYSE:CMP)

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