Wedbush Initiates Coverage on Century Communities Inc. (CCS)
Stock analysts at Wedbush started coverage on shares of Century Communities Inc. (NYSE:CCS) in a report issued on Monday. The firm set an “outperform” rating and a $30.00 price target on the stock. Wedbush’s price objective suggests a potential upside of 50.23% from the stock’s current price.
Several other analysts have also issued reports on the company. FBR & Co reissued a “buy” rating and set a $24.00 price target on shares of Century Communities in a report on Friday, June 10th. Citigroup Inc. began coverage on Century Communities in a report on Thursday, September 1st. They set a “buy” rating and a $23.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Century Communities currently has an average rating of “Buy” and a consensus price target of $21.58.
Shares of Century Communities (NYSE:CCS) opened at 19.97 on Monday. Century Communities has a one year low of $13.11 and a one year high of $21.78. The stock has a market cap of $412.80 million, a PE ratio of 9.46 and a beta of 1.01. The company’s 50-day moving average price is $19.75 and its 200-day moving average price is $18.00.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/19/century-communities-inc-ccs-rating-reiterated-by-wedbush.html
Century Communities (NYSE:CCS) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.08. Century Communities had a return on equity of 10.86% and a net margin of 5.39%. The firm earned $257.20 million during the quarter, compared to analysts’ expectations of $216.29 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. The company’s revenue was up 37.7% on a year-over-year basis. Equities research analysts anticipate that Century Communities will post $2.47 earnings per share for the current year.
In related news, insider Dale Francescon sold 61,500 shares of the business’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $20.00, for a total value of $1,230,000.00. Following the sale, the insider now directly owns 435,504 shares in the company, valued at $8,710,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Francescon sold 71,250 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $19.99, for a total value of $1,424,287.50. Following the completion of the sale, the insider now owns 435,504 shares in the company, valued at $8,705,724.96. The disclosure for this sale can be found here. 28.73% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the company. Boston Partners increased its stake in Century Communities by 731.0% in the second quarter. Boston Partners now owns 615,501 shares of the company’s stock worth $10,673,000 after buying an additional 541,431 shares in the last quarter. Sprott Inc. purchased a new stake in Century Communities during the second quarter worth approximately $8,156,000. Emerald Acquisition Ltd. purchased a new stake in Century Communities during the second quarter worth approximately $3,970,000. Northpointe Capital LLC purchased a new stake in Century Communities during the second quarter worth approximately $2,719,000. Finally, Dimensional Fund Advisors LP increased its stake in Century Communities by 36.4% in the second quarter. Dimensional Fund Advisors LP now owns 382,249 shares of the company’s stock worth $6,628,000 after buying an additional 102,050 shares in the last quarter. Institutional investors own 61.14% of the company’s stock.
About Century Communities
Receive News & Ratings for Century Communities Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Communities Inc. and related companies with MarketBeat.com's FREE daily email newsletter.