Morgan Stanley Lowers Compass (NYSE:COMP) Price Target to $8.00

Compass (NYSE:COMP) had its price target reduced by investment analysts at Morgan Stanley from $8.50 to $8.00 in a report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 28.00% from the company’s previous close.

Several other brokerages have also recently issued reports on COMP. Needham & Company LLC decreased their target price on shares of Compass from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday. Barclays lowered their price objective on Compass from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Friday. The Goldman Sachs Group boosted their target price on Compass from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. Wells Fargo & Company assumed coverage on Compass in a research report on Monday, April 28th. They issued a “positive” rating and a $8.00 price target for the company. Finally, UBS Group cut their price objective on shares of Compass from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.09.

Compass Trading Down 19.1 %

Shares of Compass stock opened at $6.25 on Friday. The firm has a market cap of $3.24 billion, a PE ratio of -20.16 and a beta of 2.80. The stock has a 50 day moving average of $8.17 and a 200 day moving average of $7.35. Compass has a 12 month low of $3.34 and a 12 month high of $10.25.

Compass (NYSE:COMP) last posted its earnings results on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company earned ($0.09) EPS. As a group, equities research analysts forecast that Compass will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Robert L. Reffkin sold 224,510 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $7.90, for a total transaction of $1,773,629.00. Following the transaction, the chief executive officer now owns 1,139,136 shares in the company, valued at approximately $8,999,174.40. This trade represents a 16.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $9.15, for a total transaction of $91,500,000.00. Following the completion of the sale, the insider now directly owns 48,070,273 shares of the company’s stock, valued at approximately $439,842,997.95. This trade represents a 17.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,423,155 shares of company stock valued at $122,225,645 in the last 90 days. Company insiders own 4.08% of the company’s stock.

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.