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. “

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

CMP stock traded up $0.39 during mid-day trading on Friday, hitting $56.93. 317,027 shares of the company 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 firm has a market capitalization of $2.00 billion, a P/E ratio of 29.50 and a beta of 1.36. The business has a fifty day simple moving average of $56.36 and a 200-day simple moving average 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 announced its earnings results on Tuesday, November 5th. The basic materials company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ 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 company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.37 EPS. Research analysts predict that Compass Minerals International will post 2.53 EPS for the current year.

In other Compass Minerals International news, insider Kevin S. Crutchfield bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average cost of $49.46 per share, with a total value of $98,920.00. Following the purchase, the insider now directly owns 2,000 shares in the company, valued at $98,920. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Semmax Financial Advisors Inc. increased its stake in Compass Minerals International by 118.0% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 22,485 shares of the basic materials company’s stock worth $1,236,000 after buying an additional 12,173 shares during the period. Arizona State Retirement System increased its stake in Compass Minerals International by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 24,591 shares of the basic materials company’s stock worth $1,351,000 after buying an additional 267 shares during the period. Prudential Financial Inc. increased its stake in Compass Minerals International by 28.3% during the 2nd quarter. Prudential Financial Inc. now owns 27,749 shares of the basic materials company’s stock worth $1,525,000 after buying an additional 6,120 shares during the period. Janney Montgomery Scott LLC increased its stake in Compass Minerals International by 41.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 30,972 shares of the basic materials company’s stock worth $1,750,000 after buying an additional 9,139 shares during the period. Finally, Clear Perspective Advisors LLC purchased a new stake in Compass Minerals International during the 2nd quarter worth approximately $73,000. 92.26% of the stock is currently owned by hedge funds and other 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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