Compass Minerals International (NYSE:CMP) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Compass Minerals International (NYSE:CMPGet Rating) from a hold rating to a strong sell rating in a report published on Tuesday, Zacks.com reports.

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. “

Other research analysts have also issued reports about the stock. CL King increased their price objective on shares of Compass Minerals International from $65.00 to $67.00 in a report on Thursday, March 3rd. StockNews.com assumed coverage on shares of Compass Minerals International in a research note on Thursday, March 31st. They set a hold rating on the stock. BMO Capital Markets raised their price target on shares of Compass Minerals International from $60.00 to $63.00 and gave the stock a market perform rating in a research report on Monday, April 18th. Finally, JPMorgan Chase & Co. downgraded shares of Compass Minerals International from a neutral rating to an underweight rating and decreased their price objective for the stock from $57.00 to $52.00 in a report on Thursday, February 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus target price of $64.33.

Shares of Compass Minerals International stock opened at $59.10 on Tuesday. The company has a fifty day simple moving average of $61.66 and a 200-day simple moving average of $58.66. Compass Minerals International has a 12-month low of $47.10 and a 12-month high of $75.44. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of -9.02 and a beta of 1.42. The company has a current ratio of 2.96, a quick ratio of 1.41 and a debt-to-equity ratio of 3.49.

Compass Minerals International (NYSE:CMPGet Rating) last posted its quarterly earnings results on Tuesday, February 8th. The basic materials company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.05). Compass Minerals International had a positive return on equity of 12.48% and a negative net margin of 18.83%. The company had revenue of $331.50 million for the quarter, compared to analyst estimates of $353.00 million. On average, analysts forecast that Compass Minerals International will post 0.97 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 21st. Stockholders of record on Thursday, March 10th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Wednesday, March 9th. Compass Minerals International’s payout ratio is -9.16%.

A number of hedge funds have recently made changes to their positions in CMP. Firethorn Wealth Partners LLC acquired a new stake in Compass Minerals International in the 1st quarter valued at about $267,000. Capital Investment Advisory Services LLC bought a new position in Compass Minerals International in the first quarter valued at approximately $256,000. DAVENPORT & Co LLC lifted its position in shares of Compass Minerals International by 7.6% in the first quarter. DAVENPORT & Co LLC now owns 6,523 shares of the basic materials company’s stock worth $410,000 after purchasing an additional 463 shares in the last quarter. Personal CFO Solutions LLC lifted its position in shares of Compass Minerals International by 11.3% in the first quarter. Personal CFO Solutions LLC now owns 5,681 shares of the basic materials company’s stock worth $357,000 after purchasing an additional 579 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Compass Minerals International by 126.6% in the first quarter. SG Americas Securities LLC now owns 9,748 shares of the basic materials company’s stock worth $612,000 after purchasing an additional 5,446 shares in the last quarter. 94.99% of the stock is owned by hedge funds and other institutional investors.

About Compass Minerals International (Get Rating)

Compass Minerals International, Inc, produces and sells essential minerals primarily in the United States, Canada, Brazil, the United Kingdom, and internationally. It operates through 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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Analyst Recommendations for Compass Minerals International (NYSE:CMP)

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