Century Communities, Inc (CCS) Receives Average Recommendation of “Buy” from Brokerages
Shares of Century Communities, Inc (NYSE:CCS) have been assigned an average rating of “Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $30.67.
Several analysts have commented on CCS shares. J P Morgan Chase & Co raised 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. FBR & Co reaffirmed a “buy” rating and set a $30.00 price objective on shares of Century Communities in a research note on Tuesday, October 3rd. Wedbush reissued an “outperform” rating on shares of Century Communities in a research note on Saturday, September 16th. B. Riley reissued a “buy” rating on shares of Century Communities in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised Century Communities from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st.
Century Communities (CCS) remained flat at $$29.85 on Monday. 210,700 shares of the company were exchanged, compared to its average volume of 191,103. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $823.06, a PE ratio of 11.94 and a beta of 1.18. Century Communities has a one year low of $20.30 and a one year high of $31.90.
Several hedge funds have recently modified their holdings of CCS. Legal & General Group Plc raised its stake in shares of Century Communities by 6.9% during the 1st quarter. Legal & General Group Plc now owns 4,323 shares of the construction company’s stock worth $110,000 after buying an additional 278 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Century Communities during the 3rd quarter worth approximately $120,000. Alliancebernstein L.P. purchased a new position in shares of Century Communities during the 2nd quarter worth approximately $216,000. Cubist Systematic Strategies LLC purchased a new position in shares of Century Communities during the 3rd quarter worth approximately $224,000. Finally, Nordea Investment Management AB raised its stake in shares of Century Communities by 31.4% during the 2nd quarter. Nordea Investment Management AB now owns 9,200 shares of the construction company’s stock worth $228,000 after buying an additional 2,200 shares in the last quarter. 66.49% of the stock is owned by institutional investors and hedge funds.
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About Century Communities
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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