Barclays Issues Pessimistic Forecast for Compass (NYSE:COMP) Stock Price

Compass (NYSE:COMP) had its price objective dropped by research analysts at Barclays from $8.00 to $7.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 6.30% from the company’s previous close.

COMP has been the topic of a number of other research reports. BTIG Research upgraded shares of Compass to a “buy” rating and set a $9.00 target price on the stock in a research note on Friday, June 27th. Wells Fargo & Company lowered their price objective on Compass from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, July 7th. Morgan Stanley cut their target price on Compass from $8.50 to $8.00 and set an “equal weight” rating for the company in a research report on Friday, May 9th. The Goldman Sachs Group boosted their price target on Compass from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Thursday, March 27th. Finally, UBS Group cut their price objective on shares of Compass from $12.00 to $11.00 and set a “buy” rating for the company in a report on Friday, April 11th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Compass currently has a consensus rating of “Moderate Buy” and an average price target of $9.44.

Compass Price Performance

COMP opened at $6.59 on Tuesday. The company has a 50 day simple moving average of $6.26 and a two-hundred day simple moving average of $7.24. The firm has a market cap of $3.43 billion, a P/E ratio of -50.65 and a beta of 2.58. Compass has a 1-year low of $3.84 and a 1-year high of $10.25.

Compass Company Profile

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.