JPMorgan Chase & Co. Reiterates “Underweight” Rating for Century Communities (NYSE:CCS)

Century Communities (NYSE:CCS)‘s stock had its “underweight” rating restated by JPMorgan Chase & Co. in a report released on Thursday, Marketbeat Ratings reports. They presently have a $56.00 price objective on the construction company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 9.92% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, October 8th. Finally, Zacks Research raised Century Communities from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Century Communities currently has a consensus rating of “Hold” and an average target price of $71.33.

Century Communities Stock Performance

CCS stock opened at $62.17 on Thursday. Century Communities has a 1-year low of $50.42 and a 1-year high of $88.84. The business has a 50-day moving average price of $61.08 and a 200 day moving average price of $60.42. The company has a market capitalization of $1.83 billion, a P/E ratio of 9.08 and a beta of 1.53. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.54.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, October 22nd. The construction company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.66. Century Communities had a net margin of 5.16% and a return on equity of 9.36%. The business had revenue of $980.28 million for the quarter, compared to the consensus estimate of $906.10 million. During the same quarter last year, the firm posted $2.77 EPS. The company’s revenue for the quarter was down 13.8% on a year-over-year basis. As a group, equities research analysts forecast that Century Communities will post 11.07 EPS for the current fiscal year.

Institutional Trading of Century Communities

Institutional investors have recently bought and sold shares of the stock. US Bancorp DE increased its stake in Century Communities by 142.3% during the 1st quarter. US Bancorp DE now owns 395 shares of the construction company’s stock valued at $27,000 after purchasing an additional 232 shares in the last quarter. Traub Capital Management LLC purchased a new stake in shares of Century Communities during the second quarter valued at $39,000. EverSource Wealth Advisors LLC increased its position in shares of Century Communities by 175.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after acquiring an additional 465 shares during the period. Covestor Ltd raised its stake in Century Communities by 104.5% in the 1st quarter. Covestor Ltd now owns 1,086 shares of the construction company’s stock worth $73,000 after acquiring an additional 555 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Century Communities by 1,513.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after acquiring an additional 1,135 shares during the period. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Company Profile

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.