Century Communities, Inc (CCS) Receives Average Recommendation of “Buy” from Brokerages
Century Communities, Inc (NYSE:CCS) has received an average recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $35.17.
Several research analysts have commented on the company. B. Riley restated a “buy” rating on shares of Century Communities in a report on Friday, November 3rd. 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. Wedbush reiterated 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 price target 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 lifted their price target for the company from $28.00 to $32.00 in a report on Thursday, September 14th.
Century Communities (NYSE:CCS) traded up $0.40 on Friday, reaching $34.05. The company’s stock had a trading volume of 369,000 shares, compared to its average volume of 375,900. The stock has a market cap of $938.87, a P/E ratio of 16.06 and a beta of 1.17. Century Communities has a one year low of $20.30 and a one year high of $34.55. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.87 and a quick ratio of 0.87.
Large investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Century Communities in the 3rd quarter valued at $120,000. Alliancebernstein L.P. purchased a new position in shares of Century Communities in the 2nd quarter valued at $216,000. Cubist Systematic Strategies LLC purchased a new position in shares of Century Communities in the 3rd quarter valued at $224,000. Nordea Investment Management AB boosted its position in shares of Century Communities by 31.4% in the 2nd quarter. Nordea Investment Management AB now owns 9,200 shares of the construction company’s stock worth $228,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Century Communities in the 2nd quarter worth $235,000. Institutional investors and hedge funds own 66.30% 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.
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.