Compass Minerals (NYSE:CMP) Rating Reaffirmed
In an interesting research report finalized on Monday, 21 December, The “Sell” rating of Compass Minerals (NYSE:CMP) shares was reiterated at Monness Crespi & Hardt, who now has a $68 target PPS on the stock. Monness Crespi & Hardt’s target PPS gives a possible downside of -7.91% from the stock close price of the company.
From a total of 7 analysts covering Compass Minerals (NYSE:CMP) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $105 while the lowest target price is $73. The mean of all analyst targets is $86 with a 11.05% above today’s ($73.84) stock price. Compass Minerals was the topic of 3 analyst reports since August 14, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on November 2 with “Neutral” rating. Deutsche Bank maintained CMP stock in a recent report from August 14 with “Hold” rating.
The stock decreased 0.01% or $0.01 on December 18, striking $73.84. Approximately shares of stock traded hands. Compass Minerals International, Inc. (NYSE:CMP) has declined 17.64% since May 18, 2015 and is downtrending. It has underperformed by 11.84% the S&P500.
The overall sentiment of institutions has decreased to 1.19 in Q2 2015. Its down 0.11, from 1.3 in 2015Q2. The ratio worsened, as 39 institutions have sold all the shares of Compass Minerals International, Inc. that they owned while 81 funds have taken shares off the table. 29 funds have purchased shares for the first time while 114 added to their positions. These institutions now hold 40.42 million shares or 32.11% more than the 30.60 million shares they owned in 2015Q2.
The Fund Bislett Management Llc currently is holding shares equating to 4.45% of its total portfolio in Compass Minerals International, Inc. representing a total of 80,951 shares. Another fund,Sandhill Capital Partners Llc, is holding a total of 146,307 shares equating to 3.83% of their holdings. Additionally, Rk Capital Management Llc has a 247,318 share stake in Compass Minerals International, Inc. which represents 3.55% of their total portfolio. The Fund, Murphy Pohlad Asset Management Llc, based out of Minnesota, has also built up a stake in the stock, which represents a total of 3.11% of their total portfolio. Finally Lawson Kroeker Investment Management Inc Ne, a fund which is based in the state of Nebraska reported a total holdings of 103,417 shares.
Compass Minerals International, Inc
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.”