Compass Minerals International (NYSE:CMP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report 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 raised shares of Compass Minerals International from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $70.75.

Shares of Compass Minerals International stock 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 stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 23.72 and a beta of 0.66. Compass Minerals International has a 52-week low of $56.50 and a 52-week high of $76.65.

Compass Minerals International (NYSE:CMP) last issued 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 firm had revenue of $246.70 million during the quarter, compared to analysts’ expectations of $243.24 million. Compass Minerals International had a return on equity of 12.50% and a net margin of 2.27%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm posted ($0.19) earnings per share. As a group, research analysts predict that Compass Minerals International will post 2.83 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CMP. Advisors Asset Management Inc. purchased a new position in shares of Compass Minerals International during the second quarter valued at approximately $21,842,000. BlackRock Inc. raised its holdings in shares of Compass Minerals International by 5.3% during the second quarter. BlackRock Inc. now owns 3,821,772 shares of the basic materials company’s stock valued at $251,282,000 after purchasing an additional 192,308 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Compass Minerals International by 51.3% during the second quarter. Russell Investments Group Ltd. now owns 392,460 shares of the basic materials company’s stock valued at $25,801,000 after purchasing an additional 133,001 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of Compass Minerals International during the second quarter valued at approximately $7,359,000. Finally, Point72 Asset Management L.P. raised its holdings in shares of Compass Minerals International by 146.0% during the first quarter. Point72 Asset Management L.P. now owns 168,525 shares of the basic materials company’s stock valued at $10,162,000 after purchasing an additional 100,025 shares during the last quarter. 96.25% of the stock is owned by hedge funds and other institutional investors.

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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