Compass Minerals International Inc. (NYSE:CMP) shares were down 2.3% during trading on Thursday . The company traded as low as $72.14 and last traded at $72.64, with a volume of 517,914 shares trading hands. The stock had previously closed at $74.37.

A number of research analysts have recently commented on CMP shares. Zacks Investment Research raised Compass Minerals International from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. Cantor Fitzgerald reissued a “hold” rating and issued a $98.00 price objective on shares of Compass Minerals International in a research note on Sunday, June 5th. Goldman Sachs Group Inc. dropped their price objective on Compass Minerals International from $60.00 to $57.00 in a research note on Tuesday, April 12th. JPMorgan Chase & Co. dropped their price objective on Compass Minerals International from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 12th. Finally, KeyCorp cut Compass Minerals International from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $74.29.

The firm has a 50 day moving average price of $77.71 and a 200-day moving average price of $73.77. The company has a market capitalization of $2.45 billion and a P/E ratio of 16.66.

Compass Minerals International (NYSE:CMP) last released its earnings results on Monday, April 25th. The company reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.13. During the same period last year, the business earned $1.79 earnings per share. The business earned $345.70 million during the quarter, compared to analysts’ expectations of $347.69 million. The company’s revenue for the quarter was down 12.0% compared to the same quarter last year. Equities research analysts forecast that Compass Minerals International Inc. will post $3.44 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were paid a $0.695 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date was Friday, May 27th.

Several hedge funds have recently added to or reduced their stakes in CMP. Hamilton Point Investment Advisors LLC raised its stake in Compass Minerals International by 13.3% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 16,806 shares of the company’s stock valued at $1,265,000 after buying an additional 1,976 shares during the last quarter. Wellington Shields Capital Management LLC purchased a new stake in Compass Minerals International during the fourth quarter valued at approximately $1,275,000. Kornitzer Capital Management Inc. KS purchased a new stake in Compass Minerals International during the fourth quarter valued at approximately $1,519,000. Wells Fargo & Company MN raised its stake in Compass Minerals International by 27.0% in the fourth quarter. Wells Fargo & Company MN now owns 21,152 shares of the company’s stock valued at $1,592,000 after buying an additional 4,501 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in Compass Minerals International by 0.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 22,421 shares of the company’s stock valued at $1,688,000 after buying an additional 68 shares during the last quarter.

Compass Minerals International, Inc (CMP) is a holding company. The Company is a producer and marketer of essential minerals, including salt, sulfate of potash specialty fertilizer (SOP), and magnesium chloride. The Company operates through two segments: salt and plant nutrition. The salt segment produces and markets salt and magnesium chloride for use in road deicing and dust control, food processing, water softeners, and agricultural and industrial applications.

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