Trade Report: The Compass Diversified Holdings (CODI) Receives Consensus Recommendation of “Buy” from Analysts

The 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.

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.

Related posts

Leave a Comment