Century Communities (NYSE:CCS)‘s stock had its “buy” rating reaffirmed by equities researchers at B. Riley in a report issued on Wednesday. They presently have a $41.00 price objective on the construction company’s stock. B. Riley’s price target indicates a potential upside of 21.84% from the stock’s previous close.

CCS has been the topic of a number of other reports. Zacks Investment Research upgraded Century Communities from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Wednesday. ValuEngine upgraded Century Communities from a “buy” rating to a “strong-buy” rating in a report on Sunday. Wedbush restated an “outperform” rating on shares of Century Communities in a report on Saturday, September 16th. FBR & Co reiterated a “buy” rating and issued a $30.00 target price on shares of Century Communities in a report on Tuesday, October 3rd. Finally, JPMorgan Chase & Co. upgraded Century Communities from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $28.00 to $32.00 in a 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 stock. The company currently has a consensus rating of “Buy” and an average price target of $35.17.

Century Communities (NYSE:CCS) traded up $1.75 during trading on Wednesday, hitting $33.65. The company’s stock had a trading volume of 432,200 shares, compared to its average volume of 379,350. The company has a market cap of $879.58, a PE ratio of 15.87 and a beta of 1.17. Century Communities has a 52-week low of $20.30 and a 52-week high of $33.70. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.87 and a quick ratio of 0.87.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.30. The firm had revenue of $374.90 million for 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 company’s revenue for the quarter was up 51.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 EPS. sell-side analysts expect that Century Communities will post 2.12 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System lifted its holdings in shares of Century Communities by 2.3% in the 2nd quarter. California State Teachers Retirement System now owns 30,670 shares of the construction company’s stock worth $761,000 after purchasing an additional 700 shares in the last quarter. Voya Investment Management LLC raised its position in Century Communities by 12.2% in the 2nd quarter. Voya Investment Management LLC now owns 11,407 shares of the construction company’s stock valued at $283,000 after buying an additional 1,236 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Century Communities by 11.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,874 shares of the construction company’s stock valued at $344,000 after buying an additional 1,382 shares during the last quarter. Rhumbline Advisers raised its position in Century Communities by 9.1% in the 3rd quarter. Rhumbline Advisers now owns 21,775 shares of the construction company’s stock valued at $538,000 after buying an additional 1,814 shares during the last quarter. Finally, Signia Capital Management LLC raised its position in Century Communities by 1.9% in the 3rd quarter. Signia Capital Management LLC now owns 101,462 shares of the construction company’s stock valued at $2,506,000 after buying an additional 1,886 shares during the last quarter. Institutional investors own 66.30% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “B. Riley Reaffirms Buy Rating for Century Communities (CCS)” was first published by American Banking News and is owned by of American Banking News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/04/b-riley-reaffirms-buy-rating-for-century-communities-ccs.html.

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.

Analyst Recommendations for Century Communities (NYSE:CCS)

Receive News & Ratings for Century Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Communities and related companies with MarketBeat.com's FREE daily email newsletter.