Compass Diversified Holdings (NYSE:CODI) Receives $12.67 Average Price Target from Analysts

Compass Diversified Holdings (NYSE:CODI) has received an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $12.6667.

A number of equities analysts have recently commented on CODI shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Diversified in a research note on Friday, July 17th. B. Riley Financial raised their target price on Compass Diversified from $8.00 to $10.50 and gave the company a “neutral” rating in a report on Tuesday, April 7th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $12.50 target price on shares of Compass Diversified in a report on Thursday, July 16th.

Institutional Investors Weigh In On Compass Diversified

Several hedge funds and other institutional investors have recently modified their holdings of CODI. Public Employees Retirement System of Ohio lifted its stake in Compass Diversified by 0.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 133,659 shares of the financial services provider’s stock valued at $1,051,000 after purchasing an additional 1,128 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Compass Diversified by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,635 shares of the financial services provider’s stock valued at $740,000 after buying an additional 1,728 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Compass Diversified by 1.8% during the 3rd quarter. Sei Investments Co. now owns 115,570 shares of the financial services provider’s stock worth $765,000 after acquiring an additional 2,022 shares during the period. Brown Advisory Inc. boosted its stake in shares of Compass Diversified by 3.9% during the 2nd quarter. Brown Advisory Inc. now owns 80,734 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 3,000 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Compass Diversified by 13.0% during the 2nd quarter. Prudential Financial Inc. now owns 30,325 shares of the financial services provider’s stock worth $190,000 after acquiring an additional 3,490 shares during the last quarter. Institutional investors and hedge funds own 72.73% of the company’s stock.

Compass Diversified Stock Up 5.3%

Compass Diversified stock opened at $10.62 on Thursday. The company has a debt-to-equity ratio of 34.60, a current ratio of 2.67 and a quick ratio of 1.56. Compass Diversified has a fifty-two week low of $4.58 and a fifty-two week high of $12.64. The firm has a fifty day moving average price of $10.40 and a two-hundred day moving average price of $9.08. The firm has a market cap of $798.67 million, a price-to-earnings ratio of -2.71 and a beta of 1.27.

Compass Diversified Company Profile

Compass Diversified Holdings (NYSE:CODI) is a publicly traded private equity company headquartered in Bethesda, Maryland. The firm specializes in acquiring and managing middle-market businesses across a variety of industries, with a focus on driving operational performance and sustainable growth. As an externally managed entity, Compass Diversified leverages a disciplined investment approach to build a portfolio of market-leading companies that benefit from strategic oversight, capital support and shared best practices.

Compass Diversified’s investment activities span five core sectors: branded consumer, consumer services, differentiated industrial products, value-added distribution and business services.