Compass Minerals International, Inc. (NYSE:CMP) Rating Increased to Hold at Zacks Investment Research
Compass Minerals International, Inc. (NYSE:CMP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.
According to Zacks, “Compass Minerals is the largest producer of rock, or highway deicing, salt in North America and the United Kingdom and operates the largest highway deicing salt mines in these regions. The company is also the third largest producer of general trade salt in North America and the second largest in the United Kingdom, serving major retailers, agricultural cooperatives and food producers. In addition, Compass is the largest producer of sulfate of potash in North America, which is used in the production of specialty fertilizers. “
A number of other research firms have also issued reports on CMP. Credit Suisse Group set a $63.00 target price on Compass Minerals International and gave the company a “hold” rating in a research note on Wednesday, August 9th. BidaskClub lowered Compass Minerals International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $75.00 target price on shares of Compass Minerals International in a research note on Monday, May 15th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $73.50.
Compass Minerals International (NYSE:CMP) traded up 0.23% during trading on Monday, reaching $64.10. The company’s stock had a trading volume of 382,128 shares. The company’s 50-day moving average is $66.88 and its 200-day moving average is $69.59. The company has a market capitalization of $2.17 billion, a P/E ratio of 17.91 and a beta of 0.45. Compass Minerals International has a 1-year low of $62.70 and a 1-year high of $84.40.
Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Monday, August 7th. The basic materials company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.12. The firm had revenue of $228 million during the quarter, compared to analysts’ expectations of $261.13 million. Compass Minerals International had a return on equity of 10.01% and a net margin of 9.83%. The business’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 earnings per share. Equities analysts anticipate that Compass Minerals International will post $3.06 EPS for the current year.
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Several large investors have recently bought and sold shares of the stock. IFP Advisors Inc raised its stake in Compass Minerals International by 4.8% in the first quarter. IFP Advisors Inc now owns 3,409 shares of the basic materials company’s stock worth $231,000 after buying an additional 155 shares during the period. Janney Montgomery Scott LLC bought a new stake in Compass Minerals International during the first quarter worth about $780,000. Cardinal Capital Management raised its stake in Compass Minerals International by 1.8% in the first quarter. Cardinal Capital Management now owns 10,732 shares of the basic materials company’s stock worth $728,000 after buying an additional 193 shares during the period. Cubic Asset Management LLC raised its stake in Compass Minerals International by 56.1% in the first quarter. Cubic Asset Management LLC now owns 67,805 shares of the basic materials company’s stock worth $4,601,000 after buying an additional 24,365 shares during the period. Finally, Glen Harbor Capital Management LLC raised its stake in Compass Minerals International by 26.8% in the first quarter. Glen Harbor Capital Management LLC now owns 2,414 shares of the basic materials company’s stock worth $164,000 after buying an additional 510 shares during the period.
Compass Minerals International Company Profile
Compass Minerals International, Inc (CMI) is a provider of essential minerals that solve nature’s challenges, including salt for winter roadway safety and other consumer, industrial and agricultural uses; specialty plant nutrition minerals for the quality and yield of crops, and specialty chemicals for water treatment and other industrial processes.
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