Compass (NYSE:COMP) Rating Increased 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 report issued to clients and investors on Monday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. Barclays dropped their target price on shares of Compass from $15.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. BTIG Research set a $12.00 price objective on shares of Compass in a report on Wednesday, April 15th. The Goldman Sachs Group restated a “neutral” rating on shares of Compass in a report on Wednesday, May 6th. Morgan Stanley lifted their price objective on Compass from $11.00 to $12.50 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings upgraded Compass from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Compass currently has a consensus rating of “Moderate Buy” and an average target price of $12.88.

Compass Stock Performance

COMP opened at $11.91 on Monday. The company has a market cap of $8.90 billion, a price-to-earnings ratio of 595.65 and a beta of 2.35. The firm’s fifty day simple moving average is $9.14 and its two-hundred day simple moving average is $9.65. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11. Compass has a 52-week low of $6.15 and a 52-week high of $13.95.

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

Insider Transactions at Compass

In related news, CEO Robert L. Reffkin sold 23,456 shares of Compass stock in a transaction that occurred on Wednesday, July 1st. The shares were 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 in the company, valued at approximately $97,342,862.04. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is owned by company insiders.

About Compass

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.