Century Communities, Inc. (NYSE:CCS) Receives Average Rating of “Buy” from Analysts
Shares of Century Communities, Inc. (NYSE:CCS) have been assigned a consensus recommendation of “Buy” from the six analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $29.00.
Several equities analysts recently commented on the stock. BidaskClub cut shares of Century Communities from a “buy” rating to a “hold” rating in a research note on Tuesday. Citigroup Inc. reiterated a “buy” rating and set a $30.00 target price on shares of Century Communities in a research note on Tuesday. ValuEngine upgraded shares of Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of Century Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, FBR & Co reiterated an “outperform” rating and set a $27.00 target price on shares of Century Communities in a research note on Monday, April 17th.
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Shares of Century Communities (NYSE:CCS) traded up 1.24% during midday trading on Tuesday, hitting $24.45. 161,551 shares of the stock were exchanged. The firm has a 50-day moving average price of $25.33 and a 200-day moving average price of $24.89. The company has a market cap of $539.59 million, a PE ratio of 10.45 and a beta of 1.02. Century Communities has a 12-month low of $18.45 and a 12-month high of $28.05.
Century Communities (NYSE:CCS) last released its earnings results on Thursday, August 3rd. The construction company reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The company had revenue of $287.60 million for the quarter, compared to analyst estimates of $305.38 million. Century Communities had a net margin of 4.87% and a return on equity of 11.03%. Century Communities’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.62 earnings per share. On average, equities analysts predict that Century Communities will post $2.50 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its position in Century Communities by 72.7% in the second quarter. Prudential Financial Inc. now owns 140,246 shares of the construction company’s stock valued at $3,478,000 after buying an additional 59,056 shares during the last quarter. Bridge City Capital LLC bought a new position in Century Communities during the second quarter valued at approximately $725,000. Victory Capital Management Inc. boosted its position in Century Communities by 5.6% in the second quarter. Victory Capital Management Inc. now owns 59,052 shares of the construction company’s stock valued at $1,464,000 after buying an additional 3,110 shares during the last quarter. Marshall Wace North America L.P. bought a new position in Century Communities during the second quarter valued at approximately $548,000. Finally, Bank of New York Mellon Corp boosted its position in Century Communities by 14.1% in the second quarter. Bank of New York Mellon Corp now owns 118,056 shares of the construction company’s stock valued at $2,927,000 after buying an additional 14,573 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.
Century Communities Company Profile
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