Century Communities (NYSE:CCS)‘s stock had its “buy” rating restated by equities research analysts at B. Riley in a research note issued to investors on Wednesday, January 3rd. They presently have a $41.00 price target on the construction company’s stock. B. Riley’s price objective would suggest a potential upside of 17.48% from the company’s previous close. B. Riley also issued estimates for Century Communities’ FY2018 earnings at $3.93 EPS.
Several other research analysts have also recently commented on CCS. JPMorgan Chase & Co. raised Century Communities from a “neutral” rating to an “overweight” rating and increased their price target for the company from $28.00 to $32.00 in a research report on Thursday, September 14th. Wedbush reissued an “outperform” rating on shares of Century Communities in a research report on Saturday, September 16th. FBR & Co reissued a “buy” rating and set a $30.00 price target on shares of Century Communities in a research report on Tuesday, October 3rd. Zacks Investment Research cut Century Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Finally, ValuEngine raised Century Communities from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Century Communities presently has a consensus rating of “Buy” and an average target price of $35.17.
Century Communities (NYSE CCS) opened at $34.90 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $962.30, a PE ratio of 16.31 and a beta of 1.17. Century Communities has a fifty-two week low of $20.30 and a fifty-two week high of $36.00.
Century Communities (NYSE:CCS) last posted its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.30. The business had revenue of $374.90 million during the quarter, compared to the consensus estimate of $409.42 million. Century Communities had a return on equity of 10.70% and a net margin of 4.03%. Century Communities’s quarterly revenue was up 51.1% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. analysts anticipate that Century Communities will post 2.12 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Century Communities in the third quarter valued at approximately $120,000. Alliancebernstein L.P. acquired a new stake in shares of Century Communities in the second quarter valued at approximately $216,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Century Communities in the third quarter valued at approximately $224,000. Nordea Investment Management AB lifted its position in shares of Century Communities by 31.4% in the second quarter. Nordea Investment Management AB now owns 9,200 shares of the construction company’s stock valued at $228,000 after buying an additional 2,200 shares during the last quarter. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Century Communities in the second quarter valued at approximately $235,000. 66.30% of the stock is owned by institutional investors.
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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.
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