TheStreet upgraded shares of Compass Minerals International (NYSE:CMP) from a c+ rating to a b rating in a report published on Thursday morning.

A number of other research firms have also recently weighed in on CMP. BidaskClub raised Compass Minerals International from a strong sell rating to a sell rating in a report on Wednesday, August 23rd. Stifel Nicolaus reissued a buy rating and issued a $84.00 price target on shares of Compass Minerals International in a report on Wednesday, November 1st. Credit Suisse Group set a $63.00 price target on Compass Minerals International and gave the stock a hold rating in a report on Wednesday, August 9th. Monness Crespi & Hardt upgraded Compass Minerals International from a neutral rating to a buy rating and set a $76.00 target price for the company in a research note on Monday, October 2nd. Finally, Zacks Investment Research lowered Compass Minerals International from a hold rating to a sell rating in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $73.60.

Compass Minerals International (CMP) traded down $0.60 during midday trading on Thursday, hitting $69.15. The stock had a trading volume of 283,223 shares, compared to its average volume of 291,496. Compass Minerals International has a 12 month low of $59.72 and a 12 month high of $84.40. The firm has a market capitalization of $2,359.47, a PE ratio of 28.59 and a beta of 0.51. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.18 and a current ratio of 2.52.

Compass Minerals International (NYSE:CMP) last released its quarterly earnings results on Monday, October 30th. The basic materials company reported $0.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.20). Compass Minerals International had a return on equity of 11.52% and a net margin of 10.72%. The company had revenue of $290.70 million during the quarter, compared to analyst estimates of $323.76 million. During the same period last year, the firm earned $0.27 earnings per share. The business’s revenue was up 61.9% compared to the same quarter last year. analysts forecast that Compass Minerals International will post 2.62 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.72 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.88 annualized dividend and a yield of 4.16%. Compass Minerals International’s payout ratio is currently 67.76%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its stake in Compass Minerals International by 0.4% in the second quarter. Janney Montgomery Scott LLC now owns 11,535 shares of the basic materials company’s stock valued at $753,000 after purchasing an additional 46 shares during the last quarter. Blair William & Co. IL grew its position in Compass Minerals International by 0.4% during the second quarter. Blair William & Co. IL now owns 10,759 shares of the basic materials company’s stock valued at $703,000 after acquiring an additional 48 shares during the period. Oppenheimer Asset Management Inc. grew its position in Compass Minerals International by 0.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 21,080 shares of the basic materials company’s stock valued at $1,376,000 after acquiring an additional 73 shares during the period. People s United Financial Inc. grew its position in Compass Minerals International by 1.6% during the second quarter. People s United Financial Inc. now owns 8,399 shares of the basic materials company’s stock valued at $549,000 after acquiring an additional 133 shares during the period. Finally, Oppenheimer & Co. Inc. grew its position in Compass Minerals International by 1.2% during the second quarter. Oppenheimer & Co. Inc. now owns 13,502 shares of the basic materials company’s stock valued at $882,000 after acquiring an additional 163 shares during the period.

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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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