Compass Minerals International (CMP) Raised 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 note issued to investors 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. “

Several other research firms also recently issued reports on CMP. TheStreet raised Compass Minerals International from a “c+” rating to a “b” rating in a report on Thursday, November 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $84.00 price objective on shares of Compass Minerals International in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Compass Minerals International currently has a consensus rating of “Hold” and a consensus price target of $73.60.

Shares of Compass Minerals International (NYSE:CMP) traded down $0.30 on Tuesday, hitting $69.25. The stock had a trading volume of 254,648 shares, compared to its average volume of 340,455. Compass Minerals International has a fifty-two week low of $59.72 and a fifty-two week high of $80.40. The company has a quick ratio of 1.18, a current ratio of 2.52 and a debt-to-equity ratio of 1.70. The firm has a market cap of $2,340.00, a P/E ratio of 16.29 and a beta of 0.54.

A number of large investors have recently bought and sold shares of CMP. PNC Financial Services Group Inc. lifted its holdings in Compass Minerals International by 6.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,007 shares of the basic materials company’s stock worth $391,000 after buying an additional 379 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in Compass Minerals International by 7.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,820 shares of the basic materials company’s stock worth $445,000 after buying an additional 500 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Compass Minerals International by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,040,104 shares of the basic materials company’s stock worth $198,519,000 after buying an additional 41,002 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Compass Minerals International by 2.1% during the 2nd quarter. California Public Employees Retirement System now owns 59,700 shares of the basic materials company’s stock valued at $3,898,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Compass Minerals International by 1.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 115,598 shares of the basic materials company’s stock valued at $7,549,000 after acquiring an additional 1,258 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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