Century Communities (NYSE:CCS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage presently has a $36.00 price target on the construction company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 6.98% from the stock’s current price.

According to Zacks, “Century Communities, Inc. is a home building and construction company. Its activities comprise land acquisition, development, and entitlements; and the acquisition, development, construction, marketing, and sale of various single-family detached and attached residential home projects. The Company operates in major metropolitan markets in Colorado, Texas and Nevada. Century Communities, Inc. is based in Greenwood Village, Colorado. “

A number of other equities research analysts have also recently weighed in on CCS. B. Riley restated a “buy” rating on shares of Century Communities in a research note on Friday, November 3rd. ValuEngine raised Century Communities from a “buy” rating to a “strong-buy” rating in a research report on Sunday. FBR & Co reaffirmed a “buy” rating and set a $30.00 target price on shares of Century Communities in a research report on Tuesday, October 3rd. Wedbush reaffirmed an “outperform” rating on shares of Century Communities in a research report on Saturday, September 16th. Finally, JPMorgan Chase & Co. raised Century Communities from a “neutral” rating to an “overweight” rating and upped their target price for the company from $28.00 to $32.00 in a research report on Thursday, September 14th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Century Communities presently has a consensus rating of “Buy” and an average target price of $34.00.

Shares of Century Communities (NYSE CCS) traded up $1.75 during midday trading on Wednesday, hitting $33.65. The company had a trading volume of 432,254 shares, compared to its average volume of 379,350. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.19. The stock has a market cap of $879.58, a PE ratio of 15.87 and a beta of 1.17. Century Communities has a 1 year low of $20.30 and a 1 year high of $33.70.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.30. The firm had revenue of $374.90 million during the quarter, compared to analysts’ expectations of $409.42 million. Century Communities had a return on equity of 10.70% and a net margin of 4.03%. The firm’s quarterly revenue was up 51.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 EPS. analysts predict that Century Communities will post 2.12 EPS for the current year.

A number of large investors have recently made changes to their positions in the stock. Rhumbline Advisers increased its holdings in shares of Century Communities by 13.6% in the second quarter. Rhumbline Advisers now owns 19,961 shares of the construction company’s stock valued at $495,000 after purchasing an additional 2,389 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of 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 purchasing an additional 14,573 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of Century Communities in the second quarter valued at about $548,000. Victory Capital Management Inc. increased its holdings in shares of 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 purchasing an additional 3,110 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of 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 purchasing an additional 59,056 shares during the period. 66.30% of the stock is currently owned by institutional investors.

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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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