Compass (NYSE:COMP) Stock Gets Price Target Cut from JPMorgan Chase & Co.

Compass (NYSE:COMP) had its price objective reduced by JPMorgan Chase & Co. from $15.00 to $13.00 in a report released on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms have also issued reports on COMP. Weiss Ratings lowered Compass from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. UBS Group dropped their target price on Compass from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. Zacks Research lowered shares of Compass from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Wells Fargo & Company dropped their price objective on shares of Compass from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday, October 12th. Finally, Citizens Jmp initiated coverage on shares of Compass in a research report on Wednesday, October 14th. They set a “market outperform” rating and a $11.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $13.21.

Compass Stock Up 0.1%

NYSE COMP opened at $9.01 on Friday. The stock’s 50 day moving average is $9.92 and its 200 day moving average is $9.96. Compass has a twelve month low of $6.37 and a twelve month high of $13.95. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06.

Compass (NYSE:COMP) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. Compass had a return on equity of 3.62% and a net margin of 0.63%. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.11 billion. On average, equities analysts predict that Compass will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Compass by 57.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,400 shares of the company’s stock worth $48,000 after purchasing an additional 1,975 shares in the last quarter. IFP Advisors Inc bought a new position in Compass during the 2nd quarter valued at about $31,000. Reyes Financial Architecture Inc. purchased a new stake in Compass in the 3rd quarter worth about $35,000. Nisa Investment Advisors LLC raised its holdings in shares of Compass by 22.5% in the third quarter. Nisa Investment Advisors LLC now owns 27,462 shares of the company’s stock valued at $244,000 after acquiring an additional 5,049 shares in the last quarter. Finally, Nykredit A S acquired a new stake in Compass in the second quarter worth about $77,000. 67.05% of the stock is owned by institutional investors.

More Compass News

Here are the key news stories impacting Compass this week:

• Positive Sentiment: UBS lowered its price target to $15 from $17 but maintained a Buy rating, implying substantial potential upside from recent trading levels. UBS Group Issues Pessimistic Forecast for Compass Stock Price
• Positive Sentiment: Compass is raising production requirements for new agents by 30%, a move management describes as emphasizing quality over quantity. The strategy could improve agent productivity and service quality, although it may slow agent additions. Compass Raises Agent Standards 30 Percent
• Neutral Sentiment: Compass is expected to report quarterly results next week. Analysts anticipate earnings growth, but Zacks said the company lacks the usual combination of factors supporting a likely earnings beat, increasing the risk of a muted or disappointing report. Compass Earnings Expected to Grow
• Negative Sentiment: Multiple law firms announced or promoted securities class actions against Compass. The lawsuits allege that the company made false or misleading statements in merger-related offering documents and communications, including claims concerning the Anywhere transaction and antitrust review. The allegations have not been proven, but the litigation creates legal, financial and reputational risks. Lead-plaintiff deadlines fall in early December. Kaplan Fox Compass Investor Notice

About Compass

Compass, Inc is a technology-enabled residential real estate brokerage company that operates in the United States. The company provides services designed to help clients buy, sell, and rent homes, while supporting real estate agents with digital tools and brokerage services.

Its platform includes property search and marketing capabilities, customer relationship management tools, transaction management, and other technologies intended to streamline the real estate process. Compass works with independent agents and brokerage teams, who serve clients across a range of residential markets and property types.

Compass was founded in 2012 by Ori Allon and Robert Reffkin.