Century Communities’ (CCS) “Outperform” Rating Reaffirmed at Wedbush

Century Communities (NYSE:CCS)‘s stock had its “outperform” rating reiterated by equities research analysts at Wedbush in a research note issued to investors on Wednesday. They presently have a $42.00 price objective on the construction company’s stock. Wedbush’s price target points to a potential upside of 33.76% from the company’s previous close. Wedbush also issued estimates for Century Communities’ Q1 2018 earnings at $0.31 EPS, Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $1.12 EPS, Q4 2018 earnings at $1.55 EPS, Q1 2019 earnings at $0.31 EPS, Q2 2019 earnings at $0.90 EPS, Q3 2019 earnings at $1.21 EPS and Q4 2019 earnings at $1.60 EPS.

Other equities analysts also recently issued reports about the stock. B. Riley reaffirmed a “buy” rating on shares of Century Communities in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Century Communities from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday, January 3rd. Finally, ValuEngine raised shares of Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Century Communities has a consensus rating of “Buy” and an average target price of $35.17.

Shares of Century Communities (NYSE CCS) traded up $2.10 during mid-day trading on Wednesday, reaching $31.40. 603,435 shares of the company’s stock were exchanged, compared to its average volume of 329,237. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.19. Century Communities has a one year low of $21.90 and a one year high of $36.00. The stock has a market capitalization of $798.24, a P/E ratio of 14.50 and a beta of 1.11.

Century Communities (NYSE:CCS) last issued its earnings results on Tuesday, February 13th. The construction company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.40. Century Communities had a net margin of 4.03% and a return on equity of 10.70%. The company had revenue of $518.79 million for the quarter, compared to the consensus estimate of $507.29 million. analysts anticipate that Century Communities will post 2.11 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in CCS. Wells Fargo & Company MN raised its stake in shares of Century Communities by 49.7% in the 2nd quarter. Wells Fargo & Company MN now owns 46,740 shares of the construction company’s stock valued at $1,159,000 after acquiring an additional 15,526 shares during the period. Alliancebernstein L.P. purchased a new stake in shares of Century Communities in the 2nd quarter valued at approximately $216,000. Teachers Advisors LLC raised its stake in shares of Century Communities by 63.0% in the 2nd quarter. Teachers Advisors LLC now owns 44,400 shares of the construction company’s stock valued at $1,101,000 after acquiring an additional 17,166 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Century Communities by 69.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 67,493 shares of the construction company’s stock valued at $1,674,000 after acquiring an additional 27,685 shares during the period. Finally, New York State Common Retirement Fund raised its stake in shares of Century Communities by 25.0% in the 2nd quarter. New York State Common Retirement Fund now owns 20,500 shares of the construction company’s stock valued at $508,000 after acquiring an additional 4,099 shares during the period. 64.31% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Century Communities (NYSE:CCS)

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