Compass (NYSE:COMP) Price Target Raised to $13.00 at Wells Fargo & Company

Compass (NYSE:COMP) had its price objective raised by investment analysts at Wells Fargo & Company from $12.00 to $13.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential downside of 0.76% from the company’s current price.

Several other research analysts have also issued reports on COMP. BTIG Research reiterated a “buy” rating on shares of Compass in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Compass in a research note on Wednesday. Morgan Stanley upped their price objective on Compass from $11.00 to $12.50 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Zacks Research upgraded Compass from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Finally, UBS Group raised their price objective on Compass from $12.00 to $17.00 and gave the company a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.29.

Compass Price Performance

Compass stock traded up $1.10 during midday trading on Wednesday, hitting $13.10. 10,225,988 shares of the company’s stock were exchanged, compared to its average volume of 16,780,617. The company has a market cap of $9.79 billion, a P/E ratio of 655.00 and a beta of 2.36. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a 50-day moving average price of $10.54 and a two-hundred day moving average price of $9.73. Compass has a 52-week low of $6.37 and a 52-week high of $13.95.

Compass (NYSE:COMP) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. Compass had a return on equity of 1.11% and a net margin of 0.17%.The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.11 billion. On average, equities research analysts forecast that Compass will post 0.22 earnings per share for the current year.

Insider Activity

In other news, CEO Robert L. Reffkin sold 23,456 shares of Compass 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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.