Century Communities, Inc (NYSE:CCS) has been assigned an average recommendation of “Buy” from the eight brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $35.17.
Several analysts have issued reports on the stock. B. Riley reissued a “buy” rating and issued a $41.00 price objective on shares of Century Communities in a research note on Wednesday, January 3rd. Zacks Investment Research raised shares of Century Communities from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Wednesday, January 3rd. ValuEngine raised shares of Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Wedbush raised their price objective on shares of Century Communities from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, December 29th. Finally, FBR & Co reissued a “buy” rating and issued a $30.00 price objective on shares of Century Communities in a research note on Tuesday, October 3rd.
Shares of Century Communities (NYSE CCS) traded up $0.05 during trading hours on Tuesday, hitting $32.05. 105,462 shares of the company were exchanged, compared to its average volume of 295,338. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.19. Century Communities has a 1 year low of $21.90 and a 1 year high of $36.00. The company has a market cap of $919.57, a P/E ratio of 14.95 and a beta of 1.17.
Century Communities (NYSE:CCS) last announced its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.30. Century Communities had a net margin of 4.03% and a return on equity of 10.70%. The firm had revenue of $374.90 million during the quarter, compared to the consensus estimate of $409.42 million. During the same quarter last year, the firm earned $0.63 EPS. The firm’s revenue for the quarter was up 51.1% compared to the same quarter last year. equities research analysts predict that Century Communities will post 2.12 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of CCS. SG Americas Securities LLC purchased a new position in Century Communities during the third quarter valued at approximately $120,000. Fox Run Management L.L.C. purchased a new position in Century Communities during the fourth quarter valued at approximately $202,000. Campbell Newman Asset Management Inc. purchased a new position in Century Communities during the fourth quarter valued at approximately $222,000. Alliancebernstein L.P. purchased a new position in Century Communities during the second quarter valued at approximately $216,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Century Communities during the third quarter valued at approximately $224,000. 66.58% of the stock is currently owned by institutional investors and hedge funds.
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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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