Barclays Cuts Compass (NYSE:COMP) Price Target to $7.00

Compass (NYSE:COMP) had its price objective decreased by Barclays from $8.00 to $7.00 in a research note released on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities analysts also recently commented on COMP. Oppenheimer reaffirmed an “outperform” rating and issued a $12.00 price objective (down previously from $13.00) on shares of Compass in a research report on Friday, May 9th. BTIG Research upgraded shares of Compass to a “buy” rating and set a $9.00 price target on the stock in a report on Friday, June 27th. Morgan Stanley cut their price objective on shares of Compass from $8.50 to $8.00 and set an “equal weight” rating on the stock in a research report on Friday, May 9th. Needham & Company LLC reduced 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, May 9th. Finally, Wells Fargo & Company reduced their price objective on shares of Compass from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $9.44.

Compass Stock Performance

Compass stock opened at $6.58 on Tuesday. The stock’s 50 day moving average price is $6.24 and its two-hundred day moving average price is $7.24. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of -50.59 and a beta of 2.58. Compass has a 52-week low of $3.84 and a 52-week 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.