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

BMO Capital Markets restated their market perform rating on shares of Compass Minerals International (NYSE:CMP) in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a $20.00 price target on the basic materials company’s stock.

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

Compass Minerals International Price Performance

Shares of Compass Minerals International stock opened at $11.34 on Wednesday. The company has a market capitalization of $468.73 million, a price-to-earnings ratio of -5.43, a PEG ratio of 0.37 and a beta of 1.10. The company has a quick ratio of 1.15, a current ratio of 2.98 and a debt-to-equity ratio of 2.25. The stock’s 50-day simple moving average is $10.47 and its 200-day simple moving average is $12.60. Compass Minerals International has a 52 week low of $7.51 and a 52 week high of $28.70.

Hedge Funds Weigh In On Compass Minerals International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC purchased a new stake in shares of Compass Minerals International during the 1st quarter worth approximately $1,908,000. Morningstar Investment Services LLC lifted its position in Compass Minerals International by 89.2% during the fourth quarter. Morningstar Investment Services LLC now owns 1,352,718 shares of the basic materials company’s stock valued at $35,333,000 after purchasing an additional 637,883 shares during the last quarter. Yost Capital Management LP bought a new position in Compass Minerals International during the fourth quarter valued at $4,583,000. Freestone Capital Holdings LLC purchased a new position in shares of Compass Minerals International in the 1st quarter worth $767,000. Finally, Wellington Management Group LLP increased its holdings in shares of Compass Minerals International by 16.1% in the 4th quarter. Wellington Management Group LLP now owns 140,097 shares of the basic materials company’s stock worth $3,547,000 after buying an additional 19,455 shares during the last quarter. 99.78% of the stock is 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.