Compass Minerals International, Inc. (CMP) Upgraded by BidaskClub to Sell

BidaskClub upgraded shares of Compass Minerals International, Inc. (NYSE:CMP) from a strong sell rating to a sell rating in a research note published on Saturday.

Other equities analysts have also issued research reports about the stock. TheStreet lowered shares of Compass Minerals International from a b rating to a c+ rating in a report on Wednesday, March 29th. Zacks Investment Research upgraded shares of Compass Minerals International from a sell rating to a hold rating in a report on Tuesday, May 16th. Finally, BMO Capital Markets reiterated a hold rating and set a $75.00 price objective on shares of Compass Minerals International in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $80.25.

Shares of Compass Minerals International (NYSE CMP) traded up 1.46% during trading on Friday, hitting $65.90. The stock had a trading volume of 314,967 shares. Compass Minerals International has a 1-year low of $62.70 and a 1-year high of $84.40. The company has a market capitalization of $2.23 billion, a P/E ratio of 16.64 and a beta of 0.51. The firm has a 50-day moving average of $66.38 and a 200 day moving average of $73.58.

Compass Minerals International (NYSE:CMP) last announced its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.20. Compass Minerals International had a net margin of 5.54% and a return on equity of 11.86%. The firm had revenue of $387.80 million for the quarter, compared to analyst estimates of $386.97 million. During the same quarter in the prior year, the business earned $1.46 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities research analysts predict that Compass Minerals International will post $3.10 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Tuesday, May 30th. Compass Minerals International’s payout ratio is presently 58.16%.

Several large investors have recently bought and sold shares of CMP. BlackRock Inc. increased its stake in Compass Minerals International by 5,576.2% in the first quarter. BlackRock Inc. now owns 2,875,727 shares of the basic materials company’s stock valued at $195,118,000 after buying an additional 2,825,064 shares during the last quarter. Norges Bank acquired a new stake in Compass Minerals International during the fourth quarter valued at approximately $32,695,000. Cove Street Capital LLC increased its stake in Compass Minerals International by 59.9% in the first quarter. Cove Street Capital LLC now owns 477,709 shares of the basic materials company’s stock valued at $32,412,000 after buying an additional 178,934 shares during the last quarter. Wells Fargo & Company MN increased its stake in Compass Minerals International by 25.7% in the first quarter. Wells Fargo & Company MN now owns 779,834 shares of the basic materials company’s stock valued at $52,912,000 after buying an additional 159,469 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Compass Minerals International by 116.3% in the first quarter. Goldman Sachs Group Inc. now owns 206,908 shares of the basic materials company’s stock valued at $14,038,000 after buying an additional 111,249 shares during the last quarter.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CMP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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