Barclays Cuts Compass (NYSE:COMP) Price Target to $12.00

Key Points

• Barclays cut its price target on Compass from $15 to $12 while retaining an "overweight" rating, a target the report says implies roughly a 61.62% upside from current levels.
• Analysts remain mixed but generally positive: MarketBeat shows a consensus of "Moderate Buy" with an average price target of $13.08 based on 1 Strong Buy, 8 Buy, 4 Hold and 1 Sell.
• Shares traded at about $7.43; Compass reported quarterly EPS of -$0.07 (missing estimates by $0.01) and $1.70B in revenue, and the company remains unprofitable with a negative PE and net margin.

Compass (NYSE:COMP - Get Free Report) had its price target reduced by stock analysts at Barclays from $15.00 to $12.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's target price suggests a potential upside of 61.62% from the company's current price.

COMP has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft upgraded shares of Compass from a "hold" rating to a "buy" rating and set a $16.00 target price on the stock in a research report on Tuesday, January 20th. JPMorgan Chase & Co. assumed coverage on shares of Compass in a research note on Monday, January 26th. They issued an "overweight" rating and a $15.00 price objective on the stock. The Goldman Sachs Group assumed 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. Weiss Ratings restated a "sell (d-)" rating on shares of Compass in a research report on Wednesday, January 21st. Finally, Wall Street Zen downgraded Compass from a "buy" rating to a "hold" rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Compass has an average rating of "Moderate Buy" and an average price target of $13.08.

Compass Stock Performance

Shares of NYSE:COMP traded up $0.75 during trading on Wednesday, hitting $7.43. The company's stock had a trading volume of 7,746,743 shares, compared to its average volume of 20,716,488. Compass has a fifty-two week low of $5.66 and a fifty-two week high of $13.95. The business has a 50 day moving average price of $9.50 and a two-hundred day moving average price of $9.65. The company has a market capitalization of $5.51 billion, a PE ratio of -73.83 and a beta of 2.62.

Compass (NYSE:COMP - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.01). Compass had a negative return on equity of 7.99% and a negative net margin of 0.84%.The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.69 billion. As a group, equities analysts expect that Compass will post 0.09 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.