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

Compass Minerals International (NYSE:CMP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday, Zacks.com reports.

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 analysts also recently issued research reports about the stock. Deutsche Bank dropped their target price on shares of Compass Minerals International from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. JPMorgan Chase & Co. boosted their target price on shares of Compass Minerals International from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday. BMO Capital Markets dropped their target price on shares of Compass Minerals International to $55.00 and set a “market perform” rating on the stock in a research report on Thursday. Finally, ValuEngine raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $56.61.

Shares of NYSE CMP traded up $0.39 during trading hours on Friday, hitting $56.93. 317,027 shares of the stock were exchanged, compared to its average volume of 314,316. The company has a quick ratio of 1.14, a current ratio of 2.26 and a debt-to-equity ratio of 2.44. The company has a market cap of $2.00 billion, a PE ratio of 29.50 and a beta of 1.36. The firm has a fifty day moving average price of $56.36 and a 200-day moving average price of $54.51. Compass Minerals International has a 12 month low of $38.19 and a 12 month high of $60.14.

Compass Minerals International (NYSE:CMP) last released its earnings results on Tuesday, November 5th. The basic materials company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.37). The company had revenue of $341.30 million for 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%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS. As a group, equities analysts anticipate that Compass Minerals International will post 2.53 earnings per share for the current fiscal year.

In related news, insider Kevin S. Crutchfield bought 2,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were bought at an average price of $49.46 per share, with a total value of $98,920.00. Following the transaction, the insider now owns 2,000 shares in the company, valued at $98,920. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Northern Oak Wealth Management Inc. purchased a new stake in shares of Compass Minerals International in the 3rd quarter valued at $28,000. Coastal Investment Advisors Inc. boosted its holdings in shares of 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 valued at $30,000 after acquiring an additional 238 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Compass Minerals International in the 2nd quarter valued at $38,000. North Star Investment Management Corp. purchased a new stake in shares of Compass Minerals International in the 3rd quarter valued at $39,000. Finally, Vista Private Wealth Partners. LLC purchased a new stake in shares of Compass Minerals International in the 3rd quarter valued at $59,000. 92.26% 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 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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