Compass Minerals International (CMP) Lifted to “Hold” at Zacks Investment Research

Compass Minerals International (NYSE:CMP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.

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. “

A number of other research analysts have also recently issued reports on the stock. TheStreet upgraded shares of Compass Minerals International from a “c+” rating to a “b” rating in a report on Thursday, November 30th. Stifel Nicolaus reiterated a “buy” rating and set a $84.00 price objective on shares of Compass Minerals International in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $73.60.

Shares of Compass Minerals International (CMP) traded down $1.70 during midday trading on Monday, hitting $68.15. 488,785 shares of the stock were exchanged, compared to its average volume of 316,433. The firm has a market capitalization of $2,362.85, a PE ratio of 16.04 and a beta of 0.55. Compass Minerals International has a 52-week low of $59.72 and a 52-week high of $83.50. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.52 and a quick ratio of 1.18.

Hedge funds and other institutional investors have recently modified their holdings of the company. Griffin Asset Management Inc. acquired a new position in shares of Compass Minerals International during the third quarter valued at about $1,298,000. Victory Capital Management Inc. grew its holdings in shares of Compass Minerals International by 6.4% during the third quarter. Victory Capital Management Inc. now owns 729,200 shares of the basic materials company’s stock valued at $47,325,000 after buying an additional 43,765 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in shares of Compass Minerals International by 3.8% during the third quarter. Kornitzer Capital Management Inc. KS now owns 274,360 shares of the basic materials company’s stock valued at $17,806,000 after buying an additional 10,050 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Compass Minerals International by 50.0% during the second quarter. Royal Bank of Canada now owns 82,006 shares of the basic materials company’s stock valued at $5,355,000 after buying an additional 27,348 shares during the last quarter. Finally, BB&T Securities LLC grew its holdings in shares of Compass Minerals International by 8.8% during the third quarter. BB&T Securities LLC now owns 222,417 shares of the basic materials company’s stock valued at $14,434,000 after buying an additional 17,899 shares during the last quarter.

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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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