Compass (NYSE:COMP) Price Target Raised to $11.00

Key Points

• Oppenheimer raised its target price for Compass (NYSE:COMP) from $10.00 to $11.00, indicating a potential upside of 46.47% from the current stock price.
• Several other brokerages have issued varying ratings, with Needham & Company maintaining a "buy" rating at a target of $11.00, while Barclays and others decreased their targets, highlighting a mixed outlook.
• Compass recently reported $0.07 earnings per share, meeting analysts' expectations, but had a negative net margin and a negative return on equity.

Compass (NYSE:COMP - Get Free Report) had its price target raised by research analysts at Oppenheimer from $10.00 to $11.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Oppenheimer's price objective would suggest a potential upside of 33.66% from the stock's previous close.

COMP has been the topic of several other reports. Compass Point set a $9.00 target price on Compass in a research note on Monday, June 30th. Morgan Stanley reduced their target price on Compass from $8.50 to $8.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. BTIG Research upgraded Compass to a "buy" rating and set a $9.00 price target on the stock in a research report on Friday, June 27th. Barclays dropped their price target on Compass from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 15th. Finally, UBS Group lifted their price target on Compass from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $9.44.

Compass Stock Up 5.2%

Shares of NYSE COMP traded up $0.41 during trading hours on Thursday, reaching $8.23. 9,458,383 shares of the stock traded hands, compared to its average volume of 7,311,066. The company has a market capitalization of $4.29 billion, a P/E ratio of -82.29 and a beta of 2.61. Compass has a 52-week low of $3.85 and a 52-week high of $10.25. The company's 50-day simple moving average is $6.48 and its two-hundred day simple moving average is $7.38.

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