Campus Crest Communities Lowered to “Market Perform” at Raymond James (CCG)
Campus Crest Communities (NYSE:CCG) was downgraded by investment analysts at Raymond James from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital cut their price target on shares of Campus Crest Communities from $13.00 to $11.00 in a research note to investors on Friday, November 29th. They now have a “sector perform” rating on the stock. Separately, analysts at Barclays initiated coverage on shares of Campus Crest Communities in a research note to investors on Tuesday, October 29th. They set an “equal weight” rating and a $12.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Campus Crest Communities from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, October 22nd. They now have a $9.70 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.40.
Shares of Campus Crest Communities (NYSE:CCG) traded down 3.84% during mid-day trading on Tuesday, hitting $9.01. The stock had a trading volume of 910,382 shares. Campus Crest Communities has a one year low of $8.90 and a one year high of $14.36. The stock’s 50-day moving average is $9.47 and its 200-day moving average is $10.49. The company has a market cap of $581.2 million and a price-to-earnings ratio of 58.56.
Campus Crest Communities (NYSE:CCG) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.04. The company had revenue of $40.25 million for the quarter, compared to the consensus estimate of $24.81 million. Analysts expect that Campus Crest Communities will post $0.81 EPS for the current fiscal year.
Campus Crest Communities, Inc is a self-managed, self-administered and vertically-integrated developer, builder, owner and manager of purpose-built student housing properties in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.