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Equities research analysts at Credit Suisse initiated coverage on shares of WCI Communities (NASDAQ:WCIC) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.

WCI Communities (NASDAQ:WCIC) traded up 1.00% during mid-day trading on Wednesday, hitting $19.10. 3,394 shares of the company’s stock traded hands. WCI Communities has a one year low of $14.50 and a one year high of $20.00. The stock’s 50-day moving average is $18.61 and its 200-day moving average is $17.78. The company has a market cap of $494.1 million and a P/E ratio of 38.67.

WCI Communities (NASDAQ:WCIC) last released its earnings data on Tuesday, February 25th. The company reported $5.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $4.90. The company had revenue of $94.80 million for the quarter, compared to the consensus estimate of $90.29 million. Analysts expect that WCI Communities will post $-0.04 EPS for the current fiscal year.

Separately, analysts at Sterne Agee initiated coverage on shares of WCI Communities in a research note on Friday, February 21st. They set a “buy” rating and a $22.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $20.70.

The Fly On The Wall

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