Compass (NYSE:COMP) Raised to “Strong-Buy” at Zacks Research

Compass (NYSE:COMP) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Barclays dropped their target price on shares of Compass from $15.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. UBS Group reduced their price target on Compass from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. The Goldman Sachs Group restated a “neutral” rating on shares of Compass in a research note on Wednesday, May 6th. Benchmark assumed coverage on Compass in a research note on Thursday, March 26th. They issued a “buy” rating and a $14.00 target price on the stock. Finally, Morgan Stanley boosted their price objective on shares of Compass from $11.00 to $12.50 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.88.

Compass Price Performance

Shares of Compass stock opened at $11.91 on Monday. The stock has a 50 day moving average price of $9.14 and a 200-day moving average price of $9.65. Compass has a one year low of $6.15 and a one year high of $13.95. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 595.65 and a beta of 2.35. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84.

Compass (NYSE:COMP) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.20. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.67 billion. Compass had a return on equity of 1.11% and a net margin of 0.17%. Equities analysts expect that Compass will post 0.1 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Robert L. Reffkin sold 23,456 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $12.51, for a total value of $293,434.56. Following the completion of the transaction, the chief executive officer owned 7,781,204 shares of the company’s stock, valued at $97,342,862.04. The trade was a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.85% of the company’s stock.

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.