Shares of Compass Minerals International Inc. (NYSE:CMP) saw strong trading volume on Thursday . 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.

Several analysts recently issued reports on the company. BB&T Corp. downgraded Compass Minerals International from a “buy” rating to a “hold” rating in a research note on Wednesday, March 30th. KeyCorp downgraded Compass Minerals International from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, June 15th. JPMorgan Chase & Co. reduced 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. Goldman Sachs Group Inc. reduced their price objective on Compass Minerals International from $60.00 to $57.00 in a research note on Tuesday, April 12th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $98.00 price objective on shares of Compass Minerals International in a research note on Sunday, June 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $76.25.

The company has a 50-day moving average price of $76.86 and a 200 day moving average price of $73.72. The company has a market capitalization of $2.48 billion and a PE ratio of 16.86.

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

A number of institutional investors have modified their holdings of the company. Beacon Financial Group increased its position in shares of Compass Minerals International by 3.8% in the fourth quarter. Beacon Financial Group now owns 41,468 shares of the company’s stock worth $3,143,000 after buying an additional 1,511 shares in the last quarter. California State Teachers Retirement System increased its position 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. TD Asset Management Inc. increased its position in shares of Compass Minerals International by 226.2% in the fourth quarter. TD Asset Management Inc. now owns 39,948 shares of the company’s stock worth $3,007,000 after buying an additional 27,700 shares in the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in shares of Compass Minerals International during the fourth quarter worth about $1,519,000. Finally, Comerica Bank increased its position 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.

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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