Compass Diversified Holdings (CODI) Receives Consensus Recommendation of “Buy” from Analysts
Compass Diversified Holdings (NYSE:CODI) has been assigned a consensus recommendation of “Buy” from 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 assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $18.91.
Several research firms recently weighed in on CODI. Bank of America Corp. reiterated a “buy” rating and set a $18.00 target price on shares of Compass Diversified Holdings in a research report on Friday, August 26th. Jefferies Group reissued a “buy” rating and set a $20.00 price target on shares of Compass Diversified Holdings in a report on Friday, September 23rd. Zacks Investment Research raised Compass Diversified Holdings from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Wednesday, July 6th. William Blair reissued an “outperform” rating on shares of Compass Diversified Holdings in a report on Friday, September 30th. Finally, SunTrust Banks Inc. started coverage on Compass Diversified Holdings in a report on Wednesday, July 20th. They set a “buy” rating and a $19.00 price target on the stock.
In other news, insider Alan B. Offenberg bought 30,000 shares of Compass Diversified Holdings stock in a transaction dated Tuesday, August 16th. The shares were purchased at an average cost of $17.10 per share, with a total value of $513,000.00. Following the completion of the acquisition, the insider now owns 324,942 shares of the company’s stock, valued at approximately $5,556,508.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
A number of large investors have recently modified their holdings of the company. Keeley Asset Management Corp bought a new stake in shares of Compass Diversified Holdings during the second quarter valued at $166,000. Citadel Advisors LLC bought a new stake in shares of Compass Diversified Holdings during the second quarter valued at $178,000. KCG Holdings Inc. bought a new stake in shares of Compass Diversified Holdings during the second quarter valued at $192,000. Advisor Group Inc. bought a new stake in shares of Compass Diversified Holdings during the second quarter valued at $214,000. Finally, McKinley Carter Wealth Services Inc. boosted its stake in shares of 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 last quarter.
Compass Diversified Holdings (NYSE:CODI) traded up 0.79% during trading on Wednesday, hitting $17.75. The stock had a trading volume of 66,771 shares. The company has a 50-day moving average of $17.16 and a 200 day moving average of $16.56. Compass Diversified Holdings has a 52-week low of $13.65 and a 52-week high of $17.75. The firm has a market cap of $963.81 million, a P/E ratio of 6.59 and a beta of 1.01.
Compass Diversified Holdings (NYSE:CODI) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.02. The firm earned $229.39 million during the quarter, compared to analysts’ expectations of $228.45 million. Compass Diversified Holdings’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.40 EPS. On average, equities research analysts predict that Compass Diversified Holdings will post $1.41 earnings per share for the current fiscal year.
The company also recently announced a dividend, which will be paid on Thursday, October 27th. Stockholders of record on Thursday, October 20th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, October 18th.
About Compass Diversified Holdings
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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