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

Compass Minerals International (NYSE:CMP) had its price objective decreased by investment analysts at Deutsche Bank Aktiengesellschaft from $22.00 to $21.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 20.21% from the company’s previous close.

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

Compass Minerals International Stock Up 1.2%

Shares of CMP traded up $0.21 during trading hours on Thursday, hitting $17.47. 263,861 shares of the company were exchanged, compared to its average volume of 573,096. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.15 and a current ratio of 2.15. The company has a market cap of $728.32 million, a PE ratio of -9.03 and a beta of 1.16. The firm’s 50 day moving average is $18.26 and its 200-day moving average is $19.28. Compass Minerals International has a 52 week low of $8.60 and a 52 week high of $22.69.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CMP. CWM LLC boosted its stake in shares of Compass Minerals International by 95.0% in the 2nd quarter. CWM LLC now owns 1,363 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 664 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Compass Minerals International in the third quarter valued at about $31,000. New York State Teachers Retirement System acquired a new position in Compass Minerals International in the third quarter valued at about $60,000. Public Employees Retirement System of Ohio grew its stake in Compass Minerals International by 37.6% during the second quarter. Public Employees Retirement System of Ohio now owns 3,967 shares of the basic materials company’s stock worth $80,000 after buying an additional 1,084 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Compass Minerals International during the second quarter worth approximately $83,000. 99.78% of the stock is currently owned by institutional investors and hedge funds.

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.