Compass Minerals International (CMP) Cut to C+ at TheStreet

TheStreet downgraded shares of Compass Minerals International (NYSE:CMP) from a b rating to a c+ rating in a report released on Tuesday morning.

Several other equities research analysts have also weighed in on the company. Credit Suisse Group lowered Compass Minerals International from a neutral rating to a sell rating and set a $60.00 price objective on the stock. in a research note on Wednesday. Zacks Investment Research upgraded Compass Minerals International from a sell rating to a hold rating in a research note on Tuesday. Finally, Stifel Nicolaus reiterated a buy rating and issued a $84.00 price objective on shares of Compass Minerals International in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $72.00.

Shares of Compass Minerals International (CMP) opened at $67.75 on Tuesday. Compass Minerals International has a 12 month low of $59.72 and a 12 month high of $80.40. The firm has a market capitalization of $2,342.55, a P/E ratio of 54.20 and a beta of 0.55. The company has a quick ratio of 1.18, a current ratio of 2.52 and a debt-to-equity ratio of 1.70.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings data on Tuesday, February 13th. The basic materials company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.29. Compass Minerals International had a return on equity of 12.89% and a net margin of 3.13%. The company had revenue of $457.90 million for the quarter, compared to analyst estimates of $468.52 million. sell-side analysts predict that Compass Minerals International will post 3.73 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Wednesday, February 28th. Compass Minerals International’s payout ratio is currently 230.40%.

Several institutional investors and hedge funds have recently made changes to their positions in CMP. SeaCrest Wealth Management LLC acquired a new position in shares of Compass Minerals International in the 4th quarter worth approximately $103,000. First PREMIER Bank acquired a new position in shares of Compass Minerals International in the 4th quarter worth approximately $115,000. IFP Advisors Inc boosted its holdings in shares of Compass Minerals International by 93.6% in the 3rd quarter. IFP Advisors Inc now owns 2,431 shares of the basic materials company’s stock worth $158,000 after acquiring an additional 1,175 shares in the last quarter. CoreCommodity Management LLC acquired a new position in shares of Compass Minerals International in the 4th quarter worth approximately $167,000. Finally, Verity Asset Management Inc. acquired a new position in shares of Compass Minerals International in the 4th quarter worth approximately $205,000.

TRADEMARK VIOLATION NOTICE: “Compass Minerals International (CMP) Cut to C+ at TheStreet” was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.chaffeybreeze.com/2018/02/15/compass-minerals-international-cmp-cut-to-c-at-thestreet.html.

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.

Analyst Recommendations for Compass Minerals International (NYSE:CMP)

Receive News & Ratings for Compass Minerals International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Minerals International and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply