Compass Minerals International (CMP) Price Target Lowered to $70.00 at BMO Capital Markets

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.

Compass Minerals International (NYSE:CMP) last announced its earnings results on Tuesday, February 13th. The basic materials company reported $1.66 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 12.89% and a net margin of 3.13%. equities research analysts expect that Compass Minerals International will post 3.73 earnings per share for the current fiscal year.

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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