Deutsche Bank Aktiengesellschaft Cuts Compass Minerals International (NYSE:CMP) Price Target to $21.00

by · The Markets Daily

Compass Minerals International (NYSE:CMP – Free Report) had its price objective cut by Deutsche Bank Aktiengesellschaft from $22.00 to $21.00 in a report released on Thursday,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. reissued an “underweight” rating and set a $18.00 target price (up from $15.00) on shares of Compass Minerals International in a research report on Wednesday, August 13th. Zacks Research raised shares of Compass Minerals International from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Wall Street Zen downgraded shares of Compass Minerals International from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Minerals International in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Compass Minerals International has a consensus rating of “Reduce” and an average price target of $19.67.

Get Our Latest Stock Analysis on Compass Minerals International

Compass Minerals International Stock Performance

CMP opened at $17.38 on Thursday. The company has a quick ratio of 1.15, a current ratio of 2.15 and a debt-to-equity ratio of 3.55. The stock’s 50 day moving average price is $18.20 and its two-hundred day moving average price is $19.25. The firm has a market capitalization of $724.41 million, a P/E ratio of -9.05 and a beta of 1.16. Compass Minerals International has a 12-month low of $8.60 and a 12-month high of $22.69.

Compass Minerals International (NYSE:CMP – Get Free Report) last posted its quarterly earnings data on Monday, December 8th. The basic materials company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.02). The business had revenue of $227.50 million during the quarter, compared to the consensus estimate of $223.72 million. Compass Minerals International had a negative net margin of 6.42% and a negative return on equity of 8.22%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.77) earnings per share. On average, equities analysts forecast that Compass Minerals International will post -0.53 earnings per share for the current year.

Hedge Funds Weigh In On Compass Minerals International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMP. Vanguard Group Inc. boosted its stake in Compass Minerals International by 14.7% in the third quarter. Vanguard Group Inc. now owns 2,775,116 shares of the basic materials company’s stock worth $53,282,000 after purchasing an additional 354,960 shares in the last quarter. Ewing Morris & Co. Investment Partners Ltd. lifted its position in Compass Minerals International by 201.7% during the 2nd quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,280,648 shares of the basic materials company’s stock valued at $25,728,000 after purchasing an additional 856,149 shares during the period. American Century Companies Inc. lifted its holdings in Compass Minerals International by 35.0% in the third quarter. American Century Companies Inc. now owns 1,236,884 shares of the basic materials company’s stock valued at $23,748,000 after buying an additional 320,796 shares during the period. Geode Capital Management LLC boosted its position in shares of Compass Minerals International by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 805,021 shares of the basic materials company’s stock worth $16,175,000 after purchasing an additional 8,859 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Compass Minerals International by 11.6% in the third quarter. Dimensional Fund Advisors LP now owns 729,630 shares of the basic materials company’s stock valued at $14,009,000 after buying an additional 75,881 shares during the period. 99.78% of the stock is currently owned by institutional investors and hedge funds.

Compass Minerals International Company Profile

(Get Free Report)

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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