Barclays Has Lowered Expectations for Compass (NYSE:COMP) Stock Price

Compass (NYSE:COMP) had its target price decreased by equities researchers at Barclays from $15.00 to $12.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 66.27% from the stock’s current price.

A number of other research firms also recently commented on COMP. Compass Point set a $15.00 target price on Compass in a research report on Monday, January 26th. Benchmark started coverage on Compass in a report on Thursday, March 26th. They set a “buy” rating and a $14.00 price target for the company. Wells Fargo & Company reduced their price objective on Compass from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday. Wall Street Zen cut Compass from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Finally, BTIG Research increased their target price on Compass from $12.50 to $15.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $13.08.

Compass Stock Performance

COMP opened at $7.22 on Wednesday. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of -72.16 and a beta of 2.62. The company has a fifty day moving average of $9.28 and a 200 day moving average of $9.62. Compass has a fifty-two week low of $5.66 and a fifty-two week high of $13.95.

Compass (NYSE:COMP) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). Compass had a negative net margin of 0.84% and a negative return on equity of 7.99%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.69 billion. On average, equities research analysts forecast that Compass will post 0.09 earnings per share for the current 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.