Compass Minerals International (CMP) Downgraded by ValuEngine to “Sell”

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ValuEngine downgraded shares of Compass Minerals International (NYSE:CMP) from a hold rating to a sell rating in a report published on Monday.

A number of other brokerages have also recently commented on CMP. Zacks Investment Research upgraded Compass Minerals International from a sell rating to a hold rating in a research report on Thursday, May 3rd. Stephens began coverage on Compass Minerals International in a research report on Monday, April 2nd. They issued an overweight rating and a $74.00 price target on the stock. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $71.50.

Shares of NYSE CMP opened at $65.65 on Monday. The company has a current ratio of 2.38, a quick ratio of 1.51 and a debt-to-equity ratio of 1.82. Compass Minerals International has a 52 week low of $56.50 and a 52 week high of $76.65. The firm has a market capitalization of $2.20 billion, a P/E ratio of 23.58 and a beta of 0.59.

Compass Minerals International (NYSE:CMP) last issued its quarterly earnings results on Tuesday, May 1st. The basic materials company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.28). Compass Minerals International had a return on equity of 12.03% and a net margin of 2.39%. The company had revenue of $437.90 million during the quarter, compared to the consensus estimate of $431.82 million. During the same quarter in the previous year, the business posted $0.63 EPS. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. equities analysts anticipate that Compass Minerals International will post 2.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend was Thursday, May 31st. Compass Minerals International’s dividend payout ratio is presently 104.73%.

In other Compass Minerals International news, Director Amy Yoder sold 600 shares of Compass Minerals International stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $69.04, for a total value of $41,424.00. Following the transaction, the director now owns 496 shares in the company, valued at $34,243.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.94% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Suntrust Banks Inc. grew its position in Compass Minerals International by 10.2% in the first quarter. Suntrust Banks Inc. now owns 46,914 shares of the basic materials company’s stock valued at $2,828,000 after acquiring an additional 4,360 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Compass Minerals International by 2.4% during the first quarter. Principal Financial Group Inc. now owns 146,761 shares of the basic materials company’s stock valued at $8,850,000 after purchasing an additional 3,495 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Compass Minerals International by 4.3% during the first quarter. Massmutual Trust Co. FSB ADV now owns 30,387 shares of the basic materials company’s stock valued at $1,832,000 after purchasing an additional 1,247 shares in the last quarter. CIBC World Markets Inc. acquired a new stake in shares of Compass Minerals International during the first quarter valued at about $314,000. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of Compass Minerals International by 33.9% during the first quarter. Xact Kapitalforvaltning AB now owns 4,737 shares of the basic materials company’s stock valued at $286,000 after purchasing an additional 1,200 shares in the last quarter.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Compass Minerals International (NYSE:CMP)

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