Compass Diversified Holdings (CODI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Compass Diversified Holdings (NYSE:CODI) have been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $19.50.

Several research firms have recently issued reports on CODI. Jefferies Group LLC restated a “buy” rating and issued a $20.00 price target on shares of Compass Diversified Holdings in a research report on Friday, July 14th. TheStreet upgraded Compass Diversified Holdings from a “c+” rating to a “b” rating in a research report on Friday, July 7th. Zacks Investment Research upgraded Compass Diversified Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, June 7th. BidaskClub lowered Compass Diversified Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, ValuEngine lowered Compass Diversified Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 4th.

Shares of Compass Diversified Holdings (CODI) opened at 17.10 on Wednesday. Compass Diversified Holdings has a one year low of $15.90 and a one year high of $19.50. The stock’s 50 day moving average price is $17.16 and its 200 day moving average price is $16.86. The stock’s market capitalization is $1.02 billion.

Compass Diversified Holdings (NYSE:CODI) last released its earnings results on Wednesday, August 2nd. The financial services provider reported ($0.53) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.90). The firm had revenue of $307.38 million during the quarter, compared to analyst estimates of $302.86 million. Compass Diversified Holdings had a net margin of 2.20% and a return on equity of 6.42%. The firm’s quarterly revenue was up 43.5% on a year-over-year basis. During the same period last year, the business posted $0.33 earnings per share. On average, analysts forecast that Compass Diversified Holdings will post $1.60 EPS for the current year.

In related news, insider Alan B. Offenberg purchased 60,000 shares of Compass Diversified Holdings stock in a transaction dated Thursday, June 22nd. The shares were acquired at an average cost of $16.84 per share, for a total transaction of $1,010,400.00. Following the transaction, the insider now directly owns 500,852 shares of the company’s stock, valued at $8,434,347.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its position in shares of Compass Diversified Holdings by 8.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 180,074 shares of the financial services provider’s stock worth $3,142,000 after purchasing an additional 14,225 shares during the last quarter. Sei Investments Co. boosted its position in shares of Compass Diversified Holdings by 7.2% in the 2nd quarter. Sei Investments Co. now owns 112,082 shares of the financial services provider’s stock worth $1,956,000 after purchasing an additional 7,504 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Compass Diversified Holdings by 1.3% in the 1st quarter. Stifel Financial Corp now owns 42,612 shares of the financial services provider’s stock worth $707,000 after purchasing an additional 545 shares during the last quarter. Morgan Stanley boosted its position in shares of Compass Diversified Holdings by 1.5% in the 1st quarter. Morgan Stanley now owns 483,861 shares of the financial services provider’s stock worth $8,033,000 after purchasing an additional 7,296 shares during the last quarter. Finally, Credit Suisse AG boosted its position in shares of Compass Diversified Holdings by 8.9% in the 1st quarter. Credit Suisse AG now owns 62,562 shares of the financial services provider’s stock worth $1,039,000 after purchasing an additional 5,108 shares during the last quarter. Institutional investors and hedge funds own 33.17% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This story was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another domain, it was illegally copied and reposted in violation of US & international copyright law. The legal version of this story can be read at https://stocknewstimes.com/2017/09/20/compass-diversified-holdings-codi-given-consensus-recommendation-of-hold-by-brokerages.html.

Compass Diversified Holdings Company Profile

Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Company operates through segments include Acquisition Corp. (5.11 Tactical), The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty), Fresh Hemp Foods Ltd.

Receive News & Ratings for Compass Diversified Holdings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Diversified Holdings and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply