Compass Minerals International (NYSE:CMP) Raised to Hold at ValuEngine

ValuEngine upgraded shares of Compass Minerals International (NYSE:CMP) from a sell rating to a hold rating in a research note issued to investors on Thursday morning, ValuEngine reports.

A number of other research firms have also issued reports on CMP. Monness Crespi & Hardt increased their target price on Compass Minerals International from $63.00 to $75.00 and gave the company a buy rating in a research note on Wednesday. CL King assumed coverage on Compass Minerals International in a research note on Monday, January 6th. They issued a buy rating for the company. Credit Suisse Group raised their price objective on Compass Minerals International from $55.00 to $60.00 and gave the company a neutral rating in a research note on Wednesday. TheStreet upgraded Compass Minerals International from a c+ rating to a b- rating in a report on Monday. Finally, Zacks Investment Research downgraded Compass Minerals International from a hold rating to a sell rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $63.00.

Shares of CMP stock traded down $0.18 during trading hours on Thursday, reaching $63.20. The company had a trading volume of 246,403 shares, compared to its average volume of 296,704. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.29 and a current ratio of 2.50. Compass Minerals International has a twelve month low of $47.51 and a twelve month high of $66.14. The company has a market capitalization of $2.14 billion, a P/E ratio of 35.11 and a beta of 1.41. The stock’s fifty day simple moving average is $59.59 and its 200 day simple moving average is $56.17.

Compass Minerals International (NYSE:CMP) last posted its earnings results on Monday, February 10th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.25). Compass Minerals International had a net margin of 4.19% and a return on equity of 13.07%. The company had revenue of $500.30 million during the quarter, compared to analyst estimates of $521.09 million. During the same quarter last year, the business posted $1.41 EPS. Compass Minerals International’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts expect that Compass Minerals International will post 3.91 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA bought a new position in shares of Compass Minerals International during the third quarter worth about $27,718,000. Van ECK Associates Corp increased its holdings in Compass Minerals International by 28.1% in the fourth quarter. Van ECK Associates Corp now owns 1,451,495 shares of the basic materials company’s stock valued at $88,483,000 after buying an additional 317,968 shares during the last quarter. Peregrine Capital Management LLC acquired a new stake in Compass Minerals International during the third quarter valued at approximately $7,834,000. Schroder Investment Management Group acquired a new stake in Compass Minerals International during the fourth quarter valued at approximately $8,104,000. Finally, GW&K Investment Management LLC lifted its holdings in Compass Minerals International by 58.0% during the 3rd quarter. GW&K Investment Management LLC now owns 338,565 shares of the basic materials company’s stock worth $19,126,000 after buying an additional 124,324 shares during the last quarter. 91.27% of the stock is 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 through 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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Analyst Recommendations for Compass Minerals International (NYSE:CMP)

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