Wells Fargo & Company Cuts Compass (NYSE:COMP) Price Target to $9.00

Compass (NYSE:COMP) had its price target reduced by Wells Fargo & Company from $12.00 to $9.00 in a research report released on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

COMP has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft raised shares of Compass from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Tuesday, January 20th. Barclays boosted their target price on shares of Compass from $13.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. The Goldman Sachs Group initiated coverage on shares of Compass in a research note on Tuesday, January 27th. They set a “neutral” rating and a $14.00 target price for the company. JPMorgan Chase & Co. initiated coverage on shares of Compass in a research note on Monday, January 26th. They set an “overweight” rating and a $15.00 target price for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Compass in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Compass presently has an average rating of “Moderate Buy” and an average target price of $13.08.

Compass Stock Up 10.7%

NYSE COMP opened at $7.40 on Monday. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of -73.96 and a beta of 2.62. Compass has a 52 week low of $5.66 and a 52 week high of $13.95. The company has a fifty day moving average of $9.39 and a two-hundred day moving average of $9.63.

Compass (NYSE:COMP) last issued its earnings results on Thursday, February 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Compass had a negative net margin of 0.84% and a negative return on equity of 7.99%. Equities research analysts anticipate that Compass will post 0.09 EPS 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.