Compass Minerals International (NYSE:CMP) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of Compass Minerals International (NYSE:CMP) from a buy rating to a hold rating in a report issued on Friday, Zacks.com reports.

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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. “

CMP has been the subject of several other research reports. BMO Capital Markets lowered their price target on Compass Minerals International to $55.00 and set a market perform rating for the company in a research report on Thursday. ValuEngine raised Compass Minerals International from a sell rating to a hold rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price target on Compass Minerals International from $55.00 to $60.00 and gave the stock an overweight rating in a research report on Thursday. Finally, Deutsche Bank reduced their price objective on Compass Minerals International from $60.00 to $55.00 and set a hold rating for the company in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Compass Minerals International currently has an average rating of Hold and an average price target of $56.61.

Shares of CMP traded up $0.39 during trading hours on Friday, hitting $56.93. The company had a trading volume of 317,027 shares, compared to its average volume of 314,316. The firm has a fifty day moving average price of $56.36 and a 200-day moving average price of $54.51. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.14 and a current ratio of 2.26. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 29.50 and a beta of 1.36. Compass Minerals International has a 52-week low of $38.19 and a 52-week high of $60.14.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.37). The company had revenue of $341.30 million during the quarter, compared to analysts’ expectations of $351.89 million. Compass Minerals International had a return on equity of 10.90% and a net margin of 3.89%. Compass Minerals International’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. Research analysts anticipate that Compass Minerals International will post 2.53 earnings per share for the current fiscal year.

In other Compass Minerals International news, insider Kevin S. Crutchfield acquired 2,000 shares of Compass Minerals International stock in a transaction that occurred on Friday, August 16th. The stock was bought at an average cost of $49.46 per share, for a total transaction of $98,920.00. Following the acquisition, the insider now owns 2,000 shares of the company’s stock, valued at $98,920. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMP. Northern Oak Wealth Management Inc. bought a new stake in Compass Minerals International in the 3rd quarter worth about $28,000. Coastal Investment Advisors Inc. increased its holdings in Compass Minerals International by 79.3% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 538 shares of the basic materials company’s stock worth $30,000 after buying an additional 238 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Compass Minerals International in the 2nd quarter worth about $38,000. North Star Investment Management Corp. bought a new stake in Compass Minerals International in the 3rd quarter worth about $39,000. Finally, Vista Private Wealth Partners. LLC bought a new stake in Compass Minerals International in the 3rd quarter worth about $59,000. Institutional investors own 92.26% of the company’s stock.

Compass Minerals International Company Profile

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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