Compass Minerals International (CMP) Upgraded to “Hold” by Zacks Investment Research

Compass Minerals International (NYSE:CMP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.

According to Zacks, “Compass Minerals is a leading provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses, and specialty plant nutrition minerals that improve the quality and yield of crops. The company produces its minerals at locations throughout the U.S., Canada, Brazil and the U.K. It operates in three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. “

Other equities analysts also recently issued reports about the stock. ValuEngine downgraded shares of Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. BMO Capital Markets decreased their price target on shares of Compass Minerals International from $70.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $69.50.



Shares of NYSE:CMP traded down $0.80 during midday trading on Friday, hitting $47.15. The company’s stock had a trading volume of 724,530 shares, compared to its average volume of 340,347. The company has a current ratio of 2.66, a quick ratio of 1.46 and a debt-to-equity ratio of 2.28. The company has a market cap of $2.30 billion, a P/E ratio of 17.15 and a beta of 0.66. Compass Minerals International has a 12-month low of $46.29 and a 12-month high of $76.65.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Monday, August 6th. The basic materials company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.09). The business had revenue of $246.70 million during the quarter, compared to analysts’ expectations of $243.24 million. Compass Minerals International had a return on equity of 12.50% and a net margin of 2.27%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.19) earnings per share. On average, analysts expect that Compass Minerals International will post 2.83 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of CMP. CWM LLC purchased a new position in Compass Minerals International during the second quarter worth about $141,000. NEXT Financial Group Inc purchased a new position in Compass Minerals International during the third quarter worth about $171,000. Tower Research Capital LLC TRC raised its stake in Compass Minerals International by 80.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,981 shares of the basic materials company’s stock worth $196,000 after purchasing an additional 1,331 shares during the period. Archford Capital Strategies LLC raised its stake in Compass Minerals International by 39.5% during the second quarter. Archford Capital Strategies LLC now owns 3,058 shares of the basic materials company’s stock worth $201,000 after purchasing an additional 866 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new position in Compass Minerals International during the second quarter worth about $211,000. 95.54% of the stock is currently owned by institutional investors.

About Compass Minerals International

Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates in three segments: Salt, Plant Nutrition North America, and Plant Nutrition South America. The Salt segment offers 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 salt to produce specialty products.

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