Century Communities, Inc. (CCS) Given Average Rating of “Buy” by Brokerages
Shares of Century Communities, Inc. (NYSE:CCS) have been assigned a consensus rating of “Buy” from the seven analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $30.67.
A number of research analysts recently commented on CCS shares. FBR & Co reissued a “buy” rating and issued a $30.00 price target on shares of Century Communities in a report on Tuesday, October 3rd. Citigroup Inc. reissued a “buy” rating and issued a $30.00 price target on shares of Century Communities in a report on Tuesday, August 8th. BidaskClub cut Century Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Wedbush restated an “outperform” rating on shares of Century Communities in a research note on Saturday, September 16th. Finally, J P Morgan Chase & Co upgraded Century Communities from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $28.00 to $32.00 in a research note on Thursday, September 14th.
Shares of Century Communities (CCS) traded up 0.56% during midday trading on Friday, hitting $26.70. The stock had a trading volume of 145,927 shares. Century Communities has a one year low of $18.45 and a one year high of $28.05. The stock has a 50 day moving average of $24.58 and a 200-day moving average of $25.10. The company has a market cap of $600.72 million, a P/E ratio of 11.21 and a beta of 1.07.
Century Communities (NYSE:CCS) last issued its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The business had revenue of $287.60 million during the quarter, compared to analysts’ expectations of $305.38 million. Century Communities had a net margin of 4.87% and a return on equity of 10.74%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 EPS. Analysts forecast that Century Communities will post $2.16 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc raised its stake in Century Communities by 6.9% during the first quarter. Legal & General Group Plc now owns 4,323 shares of the construction company’s stock valued at $110,000 after buying an additional 278 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Century Communities by 118.7% during the first quarter. PNC Financial Services Group Inc. now owns 5,188 shares of the construction company’s stock valued at $131,000 after buying an additional 2,816 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in Century Communities during the second quarter valued at approximately $216,000. Nordea Investment Management AB raised its stake in Century Communities by 31.4% during the second quarter. Nordea Investment Management AB now owns 9,200 shares of the construction company’s stock valued at $228,000 after buying an additional 2,200 shares in the last quarter. Finally, Virtu KCG Holdings LLC acquired a new stake in Century Communities during the second quarter valued at approximately $235,000. Hedge funds and other institutional investors own 59.80% of the company’s stock.
Century Communities Company Profile
Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.
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