Compass Minerals International Inc. (NYSE:CMP) saw unusually-strong trading volume on Thursday . Approximately 477,690 shares changed hands during trading, a decline of 7% from the previous session’s volume of 513,093 shares.The stock last traded at $74.49 and had previously closed at $74.60.

A number of research analysts have issued reports on CMP shares. BB&T Corp. downgraded shares of Compass Minerals International from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. Goldman Sachs Group Inc. reduced their target price on shares of Compass Minerals International from $60.00 to $57.00 in a research report on Tuesday, April 12th. JPMorgan Chase & Co. reduced their target price on shares of Compass Minerals International from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 12th. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $98.00 target price on shares of Compass Minerals International in a research report on Sunday, June 5th. Finally, KeyCorp downgraded shares of Compass Minerals International from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Compass Minerals International currently has an average rating of “Hold” and a consensus price target of $74.29.

The stock has a market cap of $2.51 billion and a P/E ratio of 17.00. The company’s 50 day moving average is $77.00 and its 200 day moving average is $73.74.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Monday, April 25th. The company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.13. During the same quarter in the prior year, the business earned $1.79 earnings per share. The company earned $345.70 million during the quarter, compared to the consensus estimate of $347.69 million. The firm’s quarterly revenue was down 12.0% compared to the same quarter last year. On average, analysts predict that Compass Minerals International Inc. will post $3.40 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were given a $0.695 dividend. The ex-dividend date was Friday, May 27th. This represents a $2.78 dividend on an annualized basis and a yield of 3.75%.

A number of hedge funds recently modified their holdings of CMP. Morningstar Investment Services LLC increased its stake in shares of Compass Minerals International by 39.9% in the fourth quarter. Morningstar Investment Services LLC now owns 417,976 shares of the company’s stock worth $31,461,000 after buying an additional 119,192 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake in shares of Compass Minerals International by 102.8% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 293,000 shares of the company’s stock worth $24,500,000 after buying an additional 148,500 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Compass Minerals International by 17.4% in the fourth quarter. Victory Capital Management Inc. now owns 583,725 shares of the company’s stock worth $43,937,000 after buying an additional 86,642 shares in the last quarter. Comerica Bank increased its stake in shares of Compass Minerals International by 12.6% in the fourth quarter. Comerica Bank now owns 68,816 shares of the company’s stock worth $4,852,000 after buying an additional 7,695 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Compass Minerals International by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 62,406 shares of the company’s stock worth $4,697,000 after buying an additional 1,021 shares in the last quarter.

Compass Minerals International, Inc is a holding company. The Company, through its subsidiaries, is engaged in producing and marketing essential minerals, including salt, sulfate of potash (SOP) specialty fertilizer, magnesium chloride and micronutrients. It operates through two segments, which include salt and plant nutrition.

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