Compass Minerals International (NYSE:CMP) Earns Market Perform Rating from BMO Capital Markets

by · The Cerbat Gem

BMO Capital Markets reaffirmed their market perform rating on shares of Compass Minerals International (NYSE:CMP – Free Report) in a research report sent to investors on Wednesday, Benzinga reports. BMO Capital Markets currently has a $20.00 price target on the basic materials company’s stock.

Separately, StockNews.com raised Compass Minerals International to a sell rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Compass Minerals International has a consensus rating of Hold and a consensus target price of $31.00.

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Compass Minerals International Price Performance

Shares of CMP opened at $11.34 on Wednesday. The firm has a fifty day simple moving average of $10.47 and a two-hundred day simple moving average of $12.60. The firm has a market cap of $468.73 million, a PE ratio of -5.43, a P/E/G ratio of 0.37 and a beta of 1.10. The company has a current ratio of 2.98, a quick ratio of 1.15 and a debt-to-equity ratio of 2.25. Compass Minerals International has a 1-year low of $7.51 and a 1-year high of $28.70.

Institutional Investors Weigh In On Compass Minerals International

A number of hedge funds have recently modified their holdings of CMP. Denver PWM LLC purchased a new position in Compass Minerals International during the second quarter valued at $29,000. Ridgewood Investments LLC bought a new position in shares of Compass Minerals International in the second quarter worth about $37,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Compass Minerals International during the 2nd quarter valued at about $45,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Compass Minerals International during the 2nd quarter valued at approximately $46,000. Finally, CarsonAllaria Wealth Management Ltd. increased its holdings in Compass Minerals International by 26.2% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 4,659 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 966 shares in the last quarter. Institutional investors own 99.78% of the company’s stock.

Compass Minerals International Company Profile

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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.

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