Compass Minerals International (CMP) was Reiterated by Monness Crespi & Hardt to “Sell” according to the research note released today. The brokerage firm has raised the Price Target to $ 63 from a previous price target of $60 . Monness Crespi & Hardt advised their investors in a research report released on Oct 5, 2016.
On the company’s financial health, Compass Minerals International reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.17. The company had revenue of $169.50 million for the quarter, compared to analysts expectations of $178.74 million. The company’s revenue was down -7.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.39 EPS.
Compass Minerals International closed down -0.1 points or -0.14% at $73.48 with 3,58,285 shares getting traded on Tuesday. Post opening the session at $73.34, the shares hit an intraday low of $72.85 and an intraday high of $74.11 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Mar 15, 2016, David J Goadby (Vice President) sold 5,239 shares at $72.52 per share price. According to the SEC, on Feb 18, 2016, Jack C. Leunig (Senior Vice President) sold 2,910 shares at $68.76 per share price. On Mar 23, 2015, Robert Dana Miller (Senior Vice President) sold 1,155 shares at $94.73 per share price, according to the Form-4 filing with the securities and exchange commission.
Compass Minerals International Inc. (CMP) is a holding company. The Company is a producer and marketer of essential minerals including salt sulfate of potash specialty fertilizer (SOP) and magnesium chloride. The Company operates through two segments: salt and plant nutrition. The salt segment produces and markets salt and magnesium chloride for use in road deicing and dust control food processing water softeners and agricultural and industrial applications. SOP crop nutrients industrial-grade SOP magnesium chloride for agricultural purposes and other plant nutrients are produced and marketed through the plant nutrition segment. As of December 31 2014 the Company operated 12 production and packaging facilities including the largest rock salt mine in the world in Goderich Ontario Canada and the largest rock salt mine in the United Kingdom in Winsford Cheshire.