WCI Communities Given Average Recommendation of “Buy” by Analysts (NASDAQ:WCIC)
Shares of WCI Communities (NASDAQ:WCIC) have been given a consensus rating of “Buy” by the nine brokerages that are covering the company, Analyst Ratings Network.com reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $21.33.
A number of research firms have recently commented on WCIC. Analysts at Citigroup Inc. upgraded shares of WCI Communities from a “neutral” rating to a “buy” rating in a research note on Friday. They now have a $22.00 price target on the stock, up previously from $21.00. Separately, analysts at Zacks upgraded shares of WCI Communities from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 6th. They now have a $17.80 price target on the stock. Finally, analysts at FBR Capital Markets cut their price target on shares of WCI Communities from $23.00 to $21.00 in a research note on Wednesday, August 6th.
WCI Communities (NASDAQ:WCIC) opened at 19.16 on Tuesday. WCI Communities has a 52 week low of $14.50 and a 52 week high of $21.28. The stock’s 50-day moving average is $18.28 and its 200-day moving average is $19.08. The company has a market cap of $497.7 million and a price-to-earnings ratio of 3.98.
WCI Communities (NASDAQ:WCIC) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.21 by $0.04. The company had revenue of $93.00 million for the quarter, compared to the consensus estimate of $104.51 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. On average, analysts predict that WCI Communities will post $0.76 earnings per share for the current fiscal year.
WCI Communities, Inc is a lifestyle community developer and luxury homebuilder of single-and multi-family homes.
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