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

Compass Minerals International (NYSE:CMP) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report released on Wednesday, MarketBeat.com reports. The firm currently has a $15.00 price target on the basic materials company’s stock, up from their previous price target of $13.00. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 31.35% from the company’s current price.

Separately, BMO Capital Markets decreased their price target 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 Stock Down 5.8 %

NYSE:CMP opened at $11.42 on Wednesday. Compass Minerals International has a 1-year low of $7.51 and a 1-year high of $23.59. The company has a 50-day moving average of $12.32 and a 200 day moving average of $11.99. The firm has a market cap of $473.53 million, a PE ratio of -2.19, a price-to-earnings-growth ratio of 1.17 and a beta of 1.21. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.71 and a quick ratio of 0.80.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Monday, February 10th. The basic materials company reported ($0.55) earnings per share 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, research analysts anticipate that Compass Minerals International will post 0.33 EPS for the current fiscal year.

Institutional Trading of Compass Minerals International

Several hedge funds have recently modified their holdings of CMP. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Compass Minerals International by 1,145.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 55,087 shares of the basic materials company’s stock valued at $662,000 after acquiring an additional 50,664 shares in the last quarter. Repertoire Partners LP acquired a new position in shares of Compass Minerals International during the third quarter valued at about $1,202,000. Weiss Asset Management LP acquired a new position in shares of Compass Minerals International during the third quarter valued at about $1,177,000. Barclays PLC increased its holdings in shares of Compass Minerals International by 76.7% during the third quarter. Barclays PLC now owns 92,803 shares of the basic materials company’s stock valued at $1,116,000 after acquiring an additional 40,288 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Compass Minerals International during the third quarter valued at about $535,000. 99.78% of the stock is owned by hedge funds and other institutional investors.

Compass Minerals International Company Profile

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.