Compass Minerals International Inc. (NYSE:CMP)’s share price fell 2.8% during mid-day trading on Wednesday . The stock traded as low as $69.64 and last traded at $69.90, with a volume of 214,875 shares trading hands. The stock had previously closed at $71.89.

A number of research firms have recently weighed in on CMP. Stifel Nicolaus began coverage on Compass Minerals International in a research report on Tuesday, July 12th. They set a “buy” rating and a $90.00 target price for the company. KeyCorp downgraded Compass Minerals International from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, June 15th. TheStreet downgraded Compass Minerals International from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. dropped their target price on Compass Minerals International from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, April 12th. Finally, Zacks Investment Research upgraded Compass Minerals International from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $76.25.

The firm has a market capitalization of $2.35 billion and a PE ratio of 15.96. The stock’s 50-day moving average price is $75.62 and its 200-day moving average price is $73.59.

Compass Minerals International (NYSE:CMP) last issued its earnings results on Monday, July 25th. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. The business earned $169.50 million during the quarter, compared to analyst estimates of $177.56 million. During the same period in the prior year, the business posted $0.39 EPS. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. Equities analysts predict that Compass Minerals International Inc. will post $3.23 EPS for the current year.

Several large investors have modified their holdings of the stock. Mutual of America Capital Management LLC increased its stake in shares of 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 worth $1,688,000 after buying an additional 68 shares in the last quarter. Wills Financial Group Inc. increased its stake in shares of Compass Minerals International by 5.2% in the fourth quarter. Wills Financial Group Inc. now owns 28,046 shares of the company’s stock worth $2,110,000 after buying an additional 1,391 shares in the last quarter. Beacon Financial Group increased its stake 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. Dean Investment Associates LLC increased its stake in shares of Compass Minerals International by 1.5% in the fourth quarter. Dean Investment Associates LLC now owns 106,563 shares of the company’s stock worth $8,021,000 after buying an additional 1,608 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Compass Minerals International by 2.8% in the fourth quarter. Principal Financial Group Inc. now owns 108,208 shares of the company’s stock worth $8,145,000 after buying an additional 2,917 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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