November 30, 2016 - By Marguerite Chambers · 0 Comments
Compass Minerals International Inc (NYSE:CMP) institutional sentiment decreased to 1.31 in 2016 Q2. Its down -0.23, from 1.54 in 2016Q1. The ratio fall, as 145 institutional investors opened new and increased positions, while 94 decreased and sold stakes in Compass Minerals International Inc. The institutional investors in our partner’s database now hold: 34.53 million shares, down from 34.59 million shares in 2016Q1. Also, the number of institutional investors holding Compass Minerals International Inc in their top 10 positions was flat from 3 to 3 for the same number . Sold All: 18 Reduced: 76 Increased: 110 New Position: 35.
Compass Minerals International, Inc
The stock closed at $78 during the last session. It is down 3.67% since April 27, 2016 and is uptrending. It has underperformed by 1.56% the S&P500.
Analysts await Compass Minerals International, Inc. (NYSE:CMP) to report earnings on February, 13. They expect $1.11 earnings per share, down 35.47% or $0.61 from last year’s $1.72 per share. CMP’s profit will be $37.14 million for 17.57 P/E if the $1.11 EPS becomes a reality. After $0.27 actual earnings per share reported by Compass Minerals International, Inc. for the previous quarter, Wall Street now forecasts 311.11% EPS growth.
According to Zacks Investment Research, “Compass Minerals is the largest producer of rock, or highway deicing, salt in North America and the United Kingdom and operates the largest highway deicing salt mines in these regions. The company is also the third largest producer of general trade salt in North America and the second largest in the United Kingdom, serving major retailers, agricultural cooperatives and food producers. In addition, Compass is the largest producer of sulfate of potash in North America, which is used in the production of specialty fertilizers.”
Bislett Management Llc holds 3.27% of its portfolio in Compass Minerals International, Inc. for 63,751 shares. Murphy Pohlad Asset Management Llc owns 48,525 shares or 2.68% of their US portfolio. Moreover, Lawson Kroeker Investment Management Inc Ne has 2.67% invested in the company for 108,532 shares. The California-based Bernzott Capital Advisors has invested 2.27% in the stock. Perkins Investment Management Llc, a Illinois-based fund reported 2.00 million shares.#img1#
Ratings analysis reveals 20% of Compass Minerals’s analysts are positive. Out of 5 Wall Street analysts rating Compass Minerals, 1 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $63 while the high is $90.0. The stock’s average target of $67.67 is -13.24% below today’s ($78) share price. CMP was included in 11 notes of analysts from August 14, 2015. Deutsche Bank maintained Compass Minerals International, Inc. (NYSE:CMP) rating on Friday, August 14. Deutsche Bank has “Hold” rating and $90.0 price target. On Wednesday, March 30 the stock rating was downgraded by BB&T Capital to “Hold”. On Wednesday, October 26 the stock rating was upgraded by Monness Crespi & Hardt to “Neutral”. On Monday, December 21 the stock rating was maintained by Monness Crespi & Hardt with “Sell”. JP Morgan maintained Compass Minerals International, Inc. (NYSE:CMP) on Tuesday, April 12 with “Neutral” rating. Monness Crespi & Hardt maintained the stock with “Sell” rating in Wednesday, October 5 report. Monness Crespi & Hardt downgraded it to “Sell” rating and $75 target price in Monday, October 19 report. JP Morgan maintained Compass Minerals International, Inc. (NYSE:CMP) on Monday, November 2 with “Neutral” rating. Stifel Nicolaus initiated the stock with “Buy” rating in Wednesday, July 13 report. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Wednesday, June 15.
Compass Minerals International, Inc. (CMI), incorporated on December 17, 1993, is a holding company. The Company, through its subsidiaries, is engaged in producing and marketing essential minerals, including salt, sulfate of potash (SOP) specialty fertilizer, magnesium chloride and micronutrients. The Firm operates through two divisions, which include salt and plant nutrition. The Firm operates over 10 production and packaging facilities, including the rock salt mines in Goderich, Ontario, Canada, and in the United Kingdom in Winsford, Cheshire. The Firm provides highway deicing salt to its clients in North America and the United Kingdom, and plant nutrition products to growers and fertilizer distributors across the world. CMI sells various micronutrient products under its Wolf Trax brand.
More notable recent Compass Minerals International, Inc. (NYSE:CMP) news were published by: Forbes.com which released: “Compass Minerals International Enters Oversold Territory” on July 25, 2016, also Fool.com with their article: “Compass Minerals International, Inc. Reports Mixed Demand, Declining Profits” published on July 28, 2016, Prnewswire.com published: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Compass …” on July 27, 2016. More interesting news about Compass Minerals International, Inc. (NYSE:CMP) were released by: Moodys.com and their article: “Moody’s downgrades Compass Minerals’ CFR to Ba2, rates new term loan” published on September 29, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Martin Marietta Materials, Compass Minerals …” with publication date: May 25, 2016.
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By Marguerite Chambers