Compass Diversified (CODI, Financial) has announced that its financial statements for the fiscal years 2022 and 2023 cannot be relied upon due to an investigation into its subsidiary, Lugano. This development follows a previous declaration made by the company on May 7, indicating similar concerns about its 2024 financial statements. The ongoing investigation has initially uncovered discrepancies in Lugano's financing, accounting, and inventory management practices.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Compass Diversified Holdings (CODI, Financial) is $19.77 with a high estimate of $34.00 and a low estimate of $7.30. The average target implies an upside of 215.76% from the current price of $6.26. More detailed estimate data can be found on the Compass Diversified Holdings (CODI) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Compass Diversified Holdings's (CODI, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Compass Diversified Holdings (CODI, Financial) in one year is $25.72, suggesting a upside of 310.86% from the current price of $6.26. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Compass Diversified Holdings (CODI) Summary page.
