Compass Minerals International, Inc. (NYSE:CMP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.

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. “

Several other equities analysts also recently issued reports on CMP. BidaskClub raised shares of Compass Minerals International from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Credit Suisse Group set a $63.00 price objective on shares of Compass Minerals International and gave the company a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reissued a “buy” rating and set a $84.00 price objective on shares of Compass Minerals International in a research note on Thursday, September 21st. J P Morgan Chase & Co raised shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 price objective on the stock in a research note on Monday, September 25th. Finally, Monness Crespi & Hardt raised shares of Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Monday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $73.60.

Shares of Compass Minerals International (NYSE CMP) traded up 1.36% during mid-day trading on Thursday, hitting $67.15. 389,596 shares of the stock were exchanged. The stock has a market cap of $2.27 billion, a PE ratio of 18.76 and a beta of 0.44. Compass Minerals International has a one year low of $59.72 and a one year high of $84.40. The company has a 50-day moving average of $66.68 and a 200 day moving average of $66.73.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Monday, August 7th. The basic materials company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.12). The firm had revenue of $228.00 million for the quarter, compared to analysts’ expectations of $261.13 million. Compass Minerals International had a net margin of 9.83% and a return on equity of 10.01%. The business’s quarterly revenue was up 34.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS. On average, equities analysts predict that Compass Minerals International will post $2.62 earnings per share for the current year.

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A number of hedge funds have recently modified their holdings of CMP. CGOV Asset Management increased its position in Compass Minerals International by 40.0% during the first quarter. CGOV Asset Management now owns 7,000 shares of the basic materials company’s stock worth $633,000 after purchasing an additional 2,000 shares during the last quarter. Great West Life Assurance Co. Can increased its position in Compass Minerals International by 2.9% during the first quarter. Great West Life Assurance Co. Can now owns 21,421 shares of the basic materials company’s stock worth $1,453,000 after purchasing an additional 610 shares during the last quarter. American Century Companies Inc. acquired a new position in Compass Minerals International during the first quarter worth approximately $570,000. UBS Asset Management Americas Inc. increased its position in Compass Minerals International by 25.4% during the first quarter. UBS Asset Management Americas Inc. now owns 27,398 shares of the basic materials company’s stock worth $1,859,000 after purchasing an additional 5,557 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in Compass Minerals International during the first quarter worth approximately $1,136,000.

About Compass Minerals International

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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Analyst Recommendations for Compass Minerals International (NYSE:CMP)

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