Compass Minerals International (NYSE:CMP) had its price objective reduced by investment analysts at BMO Capital Markets to $70.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage currently has a “market perform” rating on the basic materials company’s stock. BMO Capital Markets’ price target suggests a potential upside of 3.32% from the company’s previous close.
Several other analysts also recently weighed in on the company. TheStreet downgraded Compass Minerals International from a “b” rating to a “c+” rating in a research note on Tuesday. Credit Suisse Group downgraded Compass Minerals International from a “neutral” rating to a “sell” rating and set a $60.00 target price on the stock. in a research note on Wednesday. Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $84.00 price target on shares of Compass Minerals International in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Compass Minerals International currently has an average rating of “Hold” and a consensus price target of $72.00.
Shares of Compass Minerals International (CMP) opened at $67.75 on Thursday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.18 and a current ratio of 2.52. The firm has a market capitalization of $2,342.55, a price-to-earnings ratio of 54.20 and a beta of 0.55. Compass Minerals International has a 12 month low of $59.72 and a 12 month high of $80.40.
Hedge funds have recently modified their holdings of the company. Belpointe Asset Management LLC acquired a new position in shares of Compass Minerals International in the 4th quarter worth $220,000. Jane Street Group LLC acquired a new position in shares of Compass Minerals International in the 4th quarter worth $834,000. LPL Financial LLC grew its holdings in shares of Compass Minerals International by 29.7% in the 4th quarter. LPL Financial LLC now owns 27,610 shares of the basic materials company’s stock worth $1,994,000 after acquiring an additional 6,325 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Compass Minerals International in the 4th quarter worth $3,572,000. Finally, Meadow Creek Investment Management LLC grew its holdings in shares of Compass Minerals International by 24.1% in the 4th quarter. Meadow Creek Investment Management LLC now owns 4,620 shares of the basic materials company’s stock worth $334,000 after acquiring an additional 896 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.
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