Compass Minerals International (NYSE:CMP) Lifted to Sell at StockNews.com

Compass Minerals International (NYSE:CMP) was upgraded by StockNews.com to a “sell” rating in a report issued on Wednesday.

Separately, BMO Capital Markets reissued a “market perform” rating and set a $20.00 price objective on shares of Compass Minerals International in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.00.

Compass Minerals International Trading Up 2.4 %

Shares of CMP stock opened at $11.12 on Wednesday. The company has a 50 day moving average price of $10.47 and a 200 day moving average price of $12.67. The stock has a market capitalization of $459.63 million, a P/E ratio of -5.32, a price-to-earnings-growth ratio of 0.37 and a beta of 1.10. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.15 and a current ratio of 2.98. Compass Minerals International has a fifty-two week low of $7.51 and a fifty-two week high of $28.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Point72 DIFC Ltd raised its position in shares of Compass Minerals International by 145.1% during the 2nd quarter. Point72 DIFC Ltd now owns 13,713 shares of the basic materials company’s stock worth $142,000 after acquiring an additional 8,118 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Compass Minerals International during the second quarter worth approximately $46,000. SW Investment Management LLC purchased a new stake in shares of Compass Minerals International during the 2nd quarter worth approximately $3,099,000. Point72 Asset Management L.P. boosted its holdings in shares of Compass Minerals International by 22.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 20,800 shares of the basic materials company’s stock valued at $215,000 after buying an additional 3,800 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Compass Minerals International by 150.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,350 shares of the basic materials company’s stock valued at $138,000 after buying an additional 8,024 shares during the last quarter. 99.78% of the stock is owned by institutional investors and hedge funds.

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.