Compass Diversified Holdings (CODI) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Compass Diversified Holdings (NYSE:CODI) have been given an average recommendation of “Buy” by the eight brokerages that are covering the stock. One research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $18.91.
CODI has been the subject of a number of recent research reports. Bank of America Corp. reiterated a “buy” rating and issued a $18.00 price objective on shares of Compass Diversified Holdings in a report on Friday, August 26th. SunTrust Banks Inc. began coverage on shares of Compass Diversified Holdings in a report on Wednesday, July 20th. They set a “buy” rating and a $19.00 price target for the company. Jefferies Group restated a “buy” rating and set a $15.00 price target on shares of Compass Diversified Holdings in a report on Friday, June 17th. William Blair restated an “outperform” rating on shares of Compass Diversified Holdings in a report on Friday, September 30th. Finally, TheStreet upgraded shares of Compass Diversified Holdings from a “hold” rating to a “buy” rating in a report on Monday, July 11th.
In related news, insider Alan B. Offenberg bought 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The stock was purchased at an average price of $17.10 per share, for a total transaction of $513,000.00. Following the acquisition, the insider now owns 324,942 shares of the company’s stock, valued at $5,556,508.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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Hedge funds have recently bought and sold shares of the stock. Palisade Capital Management LLC NJ increased its stake in Compass Diversified Holdings by 20.1% in the second quarter. Palisade Capital Management LLC NJ now owns 162,665 shares of the company’s stock valued at $2,699,000 after buying an additional 27,237 shares during the period. McKinley Carter Wealth Services Inc. increased its stake in Compass Diversified Holdings by 0.5% in the second quarter. McKinley Carter Wealth Services Inc. now owns 13,900 shares of the company’s stock valued at $231,000 after buying an additional 76 shares during the period. Bank of New York Mellon Corp increased its stake in Compass Diversified Holdings by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 79,862 shares of the company’s stock valued at $1,324,000 after buying an additional 918 shares during the period. Bank of Montreal Can bought a new stake in Compass Diversified Holdings during the second quarter valued at $496,000. Finally, Shell Asset Management Co. bought a new stake in Compass Diversified Holdings during the second quarter valued at $805,000.
Shares of Compass Diversified Holdings (NYSE:CODI) traded up 0.79% during mid-day trading on Wednesday, hitting $17.75. The company had a trading volume of 66,771 shares. Compass Diversified Holdings has a 52-week low of $13.65 and a 52-week high of $17.75. The firm has a 50-day moving average price of $17.16 and a 200 day moving average price of $16.56. The firm has a market capitalization of $963.81 million, a price-to-earnings ratio of 6.59 and a beta of 1.01.
Compass Diversified Holdings (NYSE:CODI) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.02. The business had revenue of $229.39 million for the quarter, compared to the consensus estimate of $228.45 million. The company’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the firm posted $0.40 EPS. Analysts expect that Compass Diversified Holdings will post $1.41 earnings per share for the current year.
The business also recently announced a dividend, which will be paid on Thursday, October 27th. Investors of record on Thursday, October 20th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, October 18th.
Compass Diversified Holdings Company Profile
Compass Diversified Holdings (the Trust) and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages a group of small and middle-market businesses. The Company’s segments include The Ergo Baby Carrier, Inc (Ergobaby), Liberty Safe and Security Products, Inc (Liberty Safe or Liberty), Fresh Hemp Foods Ltd.
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