The price of CODI is predicted to go up -2.88%, based on the high correlation periods with ELMD. The similarity of these two price pattern on the periods is 96.51%.
CODI
ELMD
Down: -2.88%Similarity: 96.51%
CODI Revenue Forecast
CODI EPS Forecast
CODI FAQs
What is bull’s view on CODI?
Compass Diversified (CODI) is currently trading at $23.68, with a bullish price target of $34, implying a 43% upside. The optimism stems from its diversified portfolio, strong earnings growth, and strategic capital deployment plans. Additionally, CODI's 4.73% dividend yield enhances its appeal for income-focused investors.
What is bear's view on CODI?
CODI stock currently trades at a discount with a market cap of $1.66 billion and a 4.73% dividend yield. However, its YTD price performance is down 3.78%, and technical sentiment indicates a "Sell" rating due to weak momentum and broader market volatility. Bearish views stem from concerns about its debt levels and limited near-term catalysts despite its diversified portfolio and growth plans.
What is CODI revenue forecast for next quarter?
The market consensus for CODI's revenue in the upcoming quarter is projected to be approximately $569.16M USD.
TD Cowen initiated coverage of Compass Diversified with a Buy rating and $34 price target. Compass is a "novel type of company" that offers shareholders an opportunity to own a portfolio of actively managed businesses "with compelling attributes," the analyst tells investors in a research note. The firm says the company's advantages include diversification, flexibility to transact at optimal times, favorable cost of debt, and permanent equity capital. TD sees strong earnings growth and multiple expansion as "dual drivers" for the shares.