Compass Minerals International (NYSE:CMP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
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. “
Separately, ValuEngine upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $70.75.
Shares of NYSE CMP opened at $64.25 on Tuesday. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.66 and a quick ratio of 1.46. The company has a market cap of $2.27 billion, a P/E ratio of 23.72 and a beta of 0.66. Compass Minerals International has a 12-month low of $56.50 and a 12-month high of $76.65.
Compass Minerals International (NYSE:CMP) last announced its earnings results on Monday, August 6th. The basic materials company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.09). The business had revenue of $246.70 million for the quarter, compared to the consensus estimate of $243.24 million. Compass Minerals International had a net margin of 2.27% and a return on equity of 12.50%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.19) earnings per share. Equities research analysts anticipate that Compass Minerals International will post 2.83 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of CMP. Advisors Asset Management Inc. bought a new position in shares of Compass Minerals International in the second quarter worth approximately $21,842,000. BlackRock Inc. boosted its position in shares of Compass Minerals International by 5.3% in the second quarter. BlackRock Inc. now owns 3,821,772 shares of the basic materials company’s stock worth $251,282,000 after purchasing an additional 192,308 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Compass Minerals International by 51.3% in the second quarter. Russell Investments Group Ltd. now owns 392,460 shares of the basic materials company’s stock worth $25,801,000 after purchasing an additional 133,001 shares during the period. Segall Bryant & Hamill LLC bought a new position in shares of Compass Minerals International in the second quarter worth approximately $7,359,000. Finally, Point72 Asset Management L.P. boosted its position in shares of Compass Minerals International by 146.0% in the first quarter. Point72 Asset Management L.P. now owns 168,525 shares of the basic materials company’s stock worth $10,162,000 after purchasing an additional 100,025 shares during the period. Institutional investors and hedge funds own 96.25% 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 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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