UBS Group Issues Positive Forecast for Compass (NYSE:COMP) Stock Price

Key Points

• UBS Group raised its price target for Compass (NYSE:COMP) from $10.00 to $11.00, indicating a potential upside of 56.05% from its current price.
• Wells Fargo and Barclays both lowered their price objectives to $7.00, while Needham & Company reaffirmed a buy rating with a target of $11.00.
• Compass reported quarterly earnings of $0.07 per share, matching analysts' estimates, with a revenue of $2.06 billion, slightly below the consensus estimate of $2.08 billion.

Compass (NYSE:COMP - Free Report) had its price objective boosted by UBS Group from $10.00 to $11.00 in a report issued on Thursday,Benzinga reports. UBS Group currently has a buy rating on the stock.

COMP has been the topic of a number of other research reports. Oppenheimer restated an "outperform" rating and issued a $12.00 price target (down previously from $13.00) on shares of Compass in a research report on Friday, May 9th. Wells Fargo & Company dropped their target price on shares of Compass from $8.00 to $7.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $11.00 price target on shares of Compass in a report on Thursday. BTIG Research upgraded Compass to a "buy" rating and set a $9.00 target price for the company in a research note on Friday, June 27th. Finally, Compass Point set a $9.00 price target on Compass in a research note on Monday, June 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Compass currently has an average rating of "Moderate Buy" and an average target price of $9.44.

Compass Trading Down 1.6%

Shares of NYSE:COMP traded down $0.13 on Thursday, reaching $7.81. 14,812,948 shares of the company's stock were exchanged, compared to its average volume of 6,997,391. Compass has a twelve month low of $3.84 and a twelve month high of $10.25. The company has a fifty day moving average of $6.48 and a 200-day moving average of $7.37. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of -78.09 and a beta of 2.61.

Compass (NYSE:COMP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.07. Compass had a negative return on equity of 10.83% and a negative net margin of 0.85%. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.08 billion. As a group, equities research analysts forecast that Compass will post 0.09 EPS for the current fiscal year.

About Compass

Compass, Inc provides real estate brokerage services in the United States. It operates a cloud-based platform that provides an integrated suite of software for customer relationship management, marketing, client service, operations, and other functionality in the real estate industry. The company offers mobile apps that allow agents to manage their business anytime and anywhere, as well as designs consumer-grade user interfaces, automated and simplified workflows for agent-client interactions, and insight-rich dashboards and reports.