Compass Minerals International (NYSE:CMP) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.
Several other research analysts also recently commented on CMP. Zacks Investment Research upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd. Stephens assumed coverage on shares of Compass Minerals International in a report on Monday, April 2nd. They issued an “overweight” rating and a $74.00 target price on the stock. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $71.50.
Get Compass Minerals International alerts:Compass Minerals International traded down $1.10, hitting $64.65, during trading on Monday, according to Marketbeat. The stock had a trading volume of 224,100 shares, compared to its average volume of 350,824. The company has a market capitalization of $2.22 billion, a PE ratio of 23.51 and a beta of 0.59. Compass Minerals International has a 12 month low of $56.50 and a 12 month high of $76.65. The company has a debt-to-equity ratio of 1.82, a current ratio of 2.38 and a quick ratio of 1.51.
Compass Minerals International (NYSE:CMP) last announced its earnings results on Tuesday, May 1st. The basic materials company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.28). The firm had revenue of $437.90 million during the quarter, compared to the consensus estimate of $431.82 million. Compass Minerals International had a return on equity of 12.03% and a net margin of 2.39%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.63 EPS. analysts anticipate that Compass Minerals International will post 2.92 earnings per share for the current year.
In other news, Director Amy Yoder sold 600 shares of the business’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $69.04, for a total transaction of $41,424.00. Following the transaction, the director now owns 496 shares in the company, valued at approximately $34,243.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.94% of the company’s stock.
Large investors have recently bought and sold shares of the company. Stratos Wealth Partners LTD. increased its holdings in shares of Compass Minerals International by 65.2% during the 1st quarter. Stratos Wealth Partners LTD. now owns 2,280 shares of the basic materials company’s stock worth $137,000 after purchasing an additional 900 shares during the period. Archford Capital Strategies LLC bought a new position in shares of Compass Minerals International during the 1st quarter worth about $158,000. CoreCommodity Management LLC acquired a new stake in shares of Compass Minerals International during the 4th quarter valued at about $167,000. Envestnet Asset Management Inc. boosted its position in shares of Compass Minerals International by 29.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,248 shares of the basic materials company’s stock valued at $199,000 after acquiring an additional 730 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Compass Minerals International during the 4th quarter valued at about $220,000.
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.
No comments:
Post a Comment