ValuEngine upgraded shares of Compass Minerals International (NYSE:CMP) from a sell rating to a hold rating in a research note published on Thursday, ValuEngine reports.

Several other research analysts also recently issued reports on the company. Credit Suisse Group lifted their price objective on Compass Minerals International from $55.00 to $60.00 and gave the stock a neutral rating in a research report on Wednesday. CL King initiated coverage on Compass Minerals International in a report on Monday, January 6th. They set a buy rating on the stock. Monness Crespi & Hardt raised their price target on Compass Minerals International from $63.00 to $75.00 and gave the stock a buy rating in a research report on Wednesday. TheStreet raised Compass Minerals International from a c+ rating to a b- rating in a report on Monday. Finally, Zacks Investment Research cut Compass Minerals International from a hold rating to a sell rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, four 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 a consensus target price of $63.00.

NYSE:CMP traded down $0.18 during mid-day trading on Thursday, hitting $63.20. 246,403 shares of the company’s stock traded hands, compared to its average volume of 296,704. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.29 and a current ratio of 2.50. The company has a market cap of $2.14 billion, a PE ratio of 35.11 and a beta of 1.41. The firm’s 50 day simple moving average is $59.59 and its 200 day simple moving average is $56.17. Compass Minerals International has a 1 year low of $47.51 and a 1 year high of $66.14.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings results on Monday, February 10th. The basic materials company reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.25). The business had revenue of $500.30 million during the quarter, compared to analysts’ expectations of $521.09 million. Compass Minerals International had a net margin of 4.19% and a return on equity of 13.07%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the company earned $1.41 EPS. On average, research analysts expect that Compass Minerals International will post 3.91 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in CMP. Bank of America Corp DE raised its position in shares of Compass Minerals International by 18.2% in the fourth quarter. Bank of America Corp DE now owns 140,967 shares of the basic materials company’s stock valued at $8,593,000 after buying an additional 21,684 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Compass Minerals International by 10.6% during the fourth quarter. UBS Asset Management Americas Inc. now owns 38,749 shares of the basic materials company’s stock valued at $2,362,000 after buying an additional 3,711 shares during the period. Marshall Wace LLP purchased a new position in shares of Compass Minerals International during the fourth quarter valued at approximately $1,005,000. Marshall Wace North America L.P. acquired a new stake in Compass Minerals International during the fourth quarter worth approximately $5,215,000. Finally, UBS Group AG boosted its position in Compass Minerals International by 79.1% during the fourth quarter. UBS Group AG now owns 67,841 shares of the basic materials company’s stock worth $4,135,000 after acquiring an additional 29,959 shares during the last quarter. 91.27% of the stock is currently owned by institutional investors.

About Compass Minerals International

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 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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