Compass Minerals International (CMP) Lowered to Strong Sell at Zacks Investment Research

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Zacks Investment Research cut shares of Compass Minerals International (NYSE:CMP) from a hold rating to a strong sell rating in a report issued on Monday morning.

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 equities analysts have also issued reports about the company. Credit Suisse Group lowered Compass Minerals International from a neutral rating to an underperform rating and set a $48.06 price objective on the stock. in a research note on Sunday, December 2nd. ValuEngine raised Compass Minerals International from a sell rating to a hold rating in a research note on Friday, February 15th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $59.01.

NYSE:CMP opened at $51.62 on Monday. The stock has a market cap of $1.74 billion, a PE ratio of 26.75 and a beta of 1.34. The company has a current ratio of 2.55, a quick ratio of 1.60 and a debt-to-equity ratio of 2.45. Compass Minerals International has a 1-year low of $38.19 and a 1-year high of $71.25.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Monday, February 11th. The basic materials company reported $1.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.79 by ($0.38). The firm had revenue of $486.50 million for the quarter, compared to the consensus estimate of $501.10 million. Compass Minerals International had a return on equity of 11.49% and a net margin of 4.61%. As a group, sell-side analysts anticipate that Compass Minerals International will post 2.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 5.58%. The ex-dividend date is Thursday, February 28th. Compass Minerals International’s dividend payout ratio (DPR) is presently 149.22%.

Institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. raised its position in shares of Compass Minerals International by 106.6% during the fourth quarter. American Century Companies Inc. now owns 9,730 shares of the basic materials company’s stock worth $406,000 after purchasing an additional 5,020 shares during the period. Geode Capital Management LLC raised its position in shares of Compass Minerals International by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 361,138 shares of the basic materials company’s stock worth $15,055,000 after purchasing an additional 22,989 shares during the period. Norges Bank acquired a new position in shares of Compass Minerals International during the fourth quarter worth approximately $10,894,000. Griffin Asset Management Inc. raised its position in shares of Compass Minerals International by 4.8% during the fourth quarter. Griffin Asset Management Inc. now owns 21,527 shares of the basic materials company’s stock worth $897,000 after purchasing an additional 994 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Compass Minerals International by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 935,385 shares of the basic materials company’s stock worth $38,996,000 after purchasing an additional 45,945 shares during the period. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Compass Minerals International Company Profile

Compass Minerals International, Inc, produces and sells salt, and specialty plant nutrition and chemical products primarily in the United States, Canada, Brazil, and the United Kingdom. It operates in 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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