Composecure (NYSE:GPGI) Raised to “Strong-Buy” at Zacks Research

Composecure (NYSE:GPGI) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday, Zacks reports.

A number of other brokerages have also commented on GPGI. Wall Street Zen upgraded shares of Composecure from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Composecure in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Composecure has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Composecure Stock Up 1.6%

GPGI opened at $13.18 on Monday. Composecure has a 12-month low of $11.16 and a 12-month high of $26.78. The business has a 50 day moving average of $13.17 and a 200-day moving average of $14.19. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of -6.69 and a beta of 0.89.

Composecure (NYSE:GPGI) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. As a group, analysts expect that Composecure will post 0.93 earnings per share for the current year.

Composecure Company Profile

CompoSecure, Inc manufactures and designs metal, plastic, composite ID, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which comprise the Arculus Key card Cold Storage hardware device and companion Arculus Wallet mobile App to keep the Private Key in the Arculus Key card highly secure and store cryptocurrency and digital assets.