JPMorgan Chase & Co. Lowers Century Communities (NYSE:CCS) Price Target to $49.00

Century Communities (NYSE:CCS) had its price objective decreased by JPMorgan Chase & Co. from $56.00 to $49.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “underweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 25.36% from the company’s current price.

CCS has been the topic of several other research reports. B. Riley restated a “buy” rating on shares of Century Communities in a research note on Thursday, January 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a report on Wednesday, January 21st. Citigroup began coverage on Century Communities in a research report on Wednesday, January 21st. They set an “outperform” rating on the stock. Finally, Citizens Jmp assumed coverage on Century Communities in a research note on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.75.

Century Communities Trading Up 4.3%

CCS opened at $65.65 on Monday. Century Communities has a 12-month low of $50.42 and a 12-month high of $78.05. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $1.91 billion, a PE ratio of 13.51 and a beta of 1.58. The firm’s fifty day moving average price is $63.19 and its 200 day moving average price is $62.63.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, January 28th. The construction company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.20. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.04 billion. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the business earned $3.54 EPS. As a group, research analysts expect that Century Communities will post 11.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Century Communities

Several large investors have recently added to or reduced their stakes in CCS. Traub Capital Management LLC acquired a new position in shares of Century Communities during the second quarter valued at $39,000. EverSource Wealth Advisors LLC lifted its position in 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 purchasing an additional 465 shares during the last quarter. Jones Financial Companies Lllp boosted its stake 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 valued at $81,000 after purchasing an additional 1,135 shares during the period. State of Wyoming boosted its stake in Century Communities by 37.3% during the 3rd quarter. State of Wyoming now owns 1,644 shares of the construction company’s stock valued at $104,000 after purchasing an additional 447 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in Century Communities in the 3rd quarter worth about $119,000. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Company Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.