Compass (NYSE:COMP) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Compass (NYSE:COMP) from a hold rating to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

Other research analysts also recently issued reports about the company. Morgan Stanley upped their price target on Compass from $11.00 to $12.50 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Wells Fargo & Company upped their price objective on shares of Compass from $9.00 to $12.00 and gave the stock an “equal weight” rating in a report on Tuesday. The Goldman Sachs Group reissued a “neutral” rating on shares of Compass in a research report on Wednesday, May 6th. Barclays cut their price target on Compass from $15.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Finally, UBS Group decreased their price target on Compass from $17.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Two investment 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 stock. According to data from MarketBeat.com, Compass presently has an average rating of “Moderate Buy” and a consensus target price of $12.88.

Compass Stock Down 8.3%

Shares of NYSE COMP opened at $11.91 on Monday. 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 company’s 50 day moving average price is $9.14 and its 200-day moving average price is $9.65. Compass has a 52-week low of $6.15 and a 52-week high of $13.95. The company has a market capitalization of $8.90 billion, a P/E ratio of 595.65 and a beta of 2.35.

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

Insider Buying and Selling

In other Compass 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 transaction of $293,434.56. Following the transaction, the chief executive officer owned 7,781,204 shares of the company’s stock, valued at $97,342,862.04. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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.