Compass Minerals International (NYSE:CMP) Upgraded to “Overweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Compass Minerals International (NYSE:CMP) from a neutral rating to an overweight rating in a report released on Wednesday, Marketbeat reports. They currently have $15.00 target price on the basic materials company’s stock, up from their prior target price of $13.00.

Separately, BMO Capital Markets lowered their price objective on shares of Compass Minerals International from $20.00 to $18.00 and set a “market perform” rating for the company in a research report on Wednesday, December 18th.

Compass Minerals International Price Performance

Shares of CMP opened at $11.44 on Wednesday. Compass Minerals International has a 52 week low of $7.51 and a 52 week high of $23.59. The company has a current ratio of 2.71, a quick ratio of 0.80 and a debt-to-equity ratio of 2.87. The firm has a market cap of $474.42 million, a price-to-earnings ratio of -2.20, a PEG ratio of 1.17 and a beta of 1.21. The stock has a 50 day moving average of $12.26 and a 200-day moving average of $11.98.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Monday, February 10th. The basic materials company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.50). Compass Minerals International had a negative return on equity of 2.15% and a negative net margin of 19.24%. As a group, analysts forecast that Compass Minerals International will post 0.33 EPS for the current year.

Institutional Investors Weigh In On Compass Minerals International

A number of hedge funds have recently added to or reduced their stakes in CMP. Invenomic Capital Management LP grew its position in shares of Compass Minerals International by 23.9% during the third quarter. Invenomic Capital Management LP now owns 969,085 shares of the basic materials company’s stock worth $11,648,000 after acquiring an additional 186,717 shares during the last quarter. Geode Capital Management LLC grew its position in Compass Minerals International by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 785,676 shares of the basic materials company’s stock worth $8,842,000 after purchasing an additional 2,865 shares during the last quarter. Lightrock Netherlands B.V. acquired a new stake in shares of Compass Minerals International in the fourth quarter valued at approximately $6,394,000. Bank of Montreal Can raised its holdings in shares of Compass Minerals International by 127.5% during the third quarter. Bank of Montreal Can now owns 525,097 shares of the basic materials company’s stock valued at $6,506,000 after buying an additional 294,333 shares during the last quarter. Finally, Michelson Medical Research Foundation Inc. acquired a new position in shares of Compass Minerals International during the third quarter worth approximately $6,070,000. 99.78% of the stock is currently owned by institutional investors.

About Compass Minerals International

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.