Zacks Investment Research Upgrades Compass Minerals International (CMP) to Hold

Compass Minerals International (NYSE:CMP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued 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 analysts have also recently issued reports on the company. TheStreet upgraded Compass Minerals International from a “c+” rating to a “b” rating in a research report on Thursday, November 30th. Stifel Nicolaus reiterated a “buy” rating and set a $84.00 target price on shares of Compass Minerals International in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Compass Minerals International has a consensus rating of “Hold” and an average price target of $73.60.

Shares of Compass Minerals International (CMP) opened at $67.75 on Tuesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.52 and a quick ratio of 1.18. The company has a market capitalization of $2,290.00, a PE ratio of 15.94 and a beta of 0.54. Compass Minerals International has a 1 year low of $59.72 and a 1 year high of $80.40.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Tuesday, February 13th. The basic materials company reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.29. The business had revenue of $457.90 million during the quarter, compared to analysts’ expectations of $468.52 million. Compass Minerals International had a return on equity of 11.52% and a net margin of 10.72%. sell-side analysts expect that Compass Minerals International will post 2.56 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC purchased a new stake in shares of Compass Minerals International during the fourth quarter worth about $103,000. First PREMIER Bank purchased a new stake in shares of Compass Minerals International during the fourth quarter worth about $115,000. CoreCommodity Management LLC purchased a new stake in shares of Compass Minerals International during the fourth quarter worth about $167,000. IFP Advisors Inc grew its position in shares of Compass Minerals International by 93.6% during the third quarter. IFP Advisors Inc now owns 2,431 shares of the basic materials company’s stock worth $158,000 after purchasing an additional 1,175 shares in the last quarter. Finally, Verity Asset Management Inc. purchased a new position in Compass Minerals International during the 4th quarter valued at approximately $205,000.

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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.

Analyst Recommendations for Compass Minerals International (NYSE:CMP)

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