Compass Minerals International, Inc. (NYSE:CMP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday.

According to Zacks, “Compass Minerals is the largest producer of rock, or highway deicing, salt in North America and the United Kingdom and operates the largest highway deicing salt mines in these regions. The company is also the third largest producer of general trade salt in North America and the second largest in the United Kingdom, serving major retailers, agricultural cooperatives and food producers. In addition, Compass is the largest producer of sulfate of potash in North America, which is used in the production of specialty fertilizers. “

CMP has been the subject of several other research reports. J P Morgan Chase & Co upgraded shares of Compass Minerals International from a “neutral” rating to an “overweight” rating and set a $70.00 price target for the company in a report on Monday, September 25th. BidaskClub upgraded shares of Compass Minerals International from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Monness Crespi & Hardt upgraded shares of Compass Minerals International from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a report on Monday, October 2nd. Credit Suisse Group AG set a $63.00 price target on shares of Compass Minerals International and gave the stock a “hold” rating in a report on Wednesday, August 9th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $84.00 price target on shares of Compass Minerals International in a report on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Compass Minerals International presently has an average rating of “Hold” and a consensus price target of $73.60.

Shares of Compass Minerals International (NYSE CMP) opened at 66.30 on Thursday. Compass Minerals International has a 52 week low of $59.72 and a 52 week high of $84.40. The firm has a market capitalization of $2.24 billion, a P/E ratio of 18.52 and a beta of 0.44. The firm has a 50-day moving average of $66.83 and a 200 day moving average of $66.71.

Compass Minerals International (NYSE:CMP) last posted its quarterly earnings results on Monday, August 7th. The basic materials company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.12). Compass Minerals International had a return on equity of 10.01% and a net margin of 9.83%. The firm had revenue of $228.00 million for the quarter, compared to analyst estimates of $261.13 million. During the same quarter last year, the firm earned $0.18 EPS. The company’s revenue was up 34.5% on a year-over-year basis. On average, equities research analysts expect that Compass Minerals International will post $2.62 EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of CMP. Bruderman Asset Management LLC acquired a new position in shares of Compass Minerals International in the 2nd quarter valued at $146,000. Archford Capital Strategies LLC boosted its holdings in shares of Compass Minerals International by 42.4% in the 1st quarter. Archford Capital Strategies LLC now owns 2,612 shares of the basic materials company’s stock valued at $177,000 after buying an additional 778 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in shares of Compass Minerals International by 20.3% in the 2nd quarter. LS Investment Advisors LLC now owns 2,786 shares of the basic materials company’s stock valued at $182,000 after buying an additional 470 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Compass Minerals International in the 2nd quarter valued at $206,000. Finally, Cipher Capital LP acquired a new position in shares of Compass Minerals International in the 1st quarter valued at $215,000.

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.

Analyst Recommendations for Compass Minerals International (NYSE:CMP)

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