Compass (NYSE:COMP) Price Target Cut to $12.00 by Analysts at Barclays

Compass (NYSE:COMP) had its price objective cut by Barclays from $15.00 to $12.00 in a report released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also issued reports on COMP. Wells Fargo & Company dropped their target price on shares of Compass from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Monday. BTIG Research boosted their target price on shares of Compass from $12.50 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Compass from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Tuesday, January 20th. The Goldman Sachs Group began coverage on shares of Compass in a research report on Tuesday, January 27th. They set a “neutral” rating and a $14.00 target price on the stock. Finally, Compass Point set a $15.00 target price on shares of Compass in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Compass has an average rating of “Moderate Buy” and an average target price of $13.08.

Compass Trading Up 10.7%

Shares of Compass stock opened at $7.40 on Wednesday. The firm has a fifty day simple moving average of $9.39 and a 200-day simple moving average of $9.63. Compass has a 1-year low of $5.66 and a 1-year high of $13.95. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of -73.96 and a beta of 2.62.

Compass (NYSE:COMP) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). Compass had a negative return on equity of 7.99% and a negative net margin of 0.84%.The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.69 billion. As a group, research analysts predict that Compass will post 0.09 earnings per share for the current year.

Compass Company Profile

Compass, Inc is a technology-driven real estate brokerage firm that provides a full suite of services for home buyers, sellers and renters. Utilizing a proprietary software platform, the company equips its network of licensed real estate agents with data analytics, marketing automation and client relationship tools designed to enhance efficiency and transaction transparency.

Founded in 2012 by Ori Allon and Robert Reffkin, Compass has grown from a single office in New York City to serve more than 300 markets across the United States.