Compass (NYSE:COMP) Coverage Initiated by Analysts at BTIG Research

BTIG Research started coverage on shares of Compass (NYSE:COMP) in a note issued to investors on Friday. The brokerage set a “buy” rating and a $9.00 price target on the stock. BTIG Research’s price target would indicate a potential upside of 42.90% from the stock’s previous close.

COMP has been the subject of a number of other reports. The Goldman Sachs Group raised their price objective on Compass from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. UBS Group cut their price target on Compass from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Oppenheimer restated an “outperform” rating and issued a $12.00 target price (down from $13.00) on shares of Compass in a research note on Friday, May 9th. Morgan Stanley reduced their price target on shares of Compass from $8.50 to $8.00 and set an “equal weight” rating for the company in a research report on Friday, May 9th. Finally, Wells Fargo & Company assumed coverage on shares of Compass in a report on Monday, April 28th. They set a “positive” rating and a $8.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Compass has an average rating of “Moderate Buy” and a consensus target price of $9.75.

Compass Stock Up 0.3%

Shares of NYSE:COMP opened at $6.30 on Friday. The firm has a market cap of $3.28 billion, a P/E ratio of -48.45 and a beta of 2.60. Compass has a 12-month low of $3.34 and a 12-month high of $10.25. The business has a fifty day simple moving average of $6.55 and a 200 day simple moving average of $7.23.

About Compass

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.