Civitas Solutions (CIVI) Lifted to Outperform at Citigroup

Citigroup upgraded shares of Civitas Solutions (NYSE:CIVI) to an outperform rating in a research report report published on Friday morning. Citigroup currently has $21.00 price objective on the stock. The analysts noted that the move was a valuation call.

A number of other analysts have also recently weighed in on the company. SunTrust Banks set a $21.00 price objective on Civitas Solutions and gave the stock a buy rating in a research report on Thursday, December 21st. Zacks Investment Research cut Civitas Solutions from a hold rating to a sell rating in a research report on Thursday, December 14th. Canaccord Genuity reissued a buy rating and issued a $27.00 price objective on shares of Civitas Solutions in a research report on Wednesday, December 13th. Finally, BidaskClub cut Civitas Solutions from a hold rating to a sell rating in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $23.00.

Shares of Civitas Solutions (CIVI) opened at $15.70 on Friday. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $587.84, a price-to-earnings ratio of 92.35, a PEG ratio of 2.01 and a beta of 0.42. Civitas Solutions has a 52-week low of $13.45 and a 52-week high of $19.95.

Civitas Solutions (NYSE:CIVI) last posted its quarterly earnings data on Tuesday, December 12th. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. Civitas Solutions had a return on equity of 16.25% and a net margin of 0.43%. research analysts expect that Civitas Solutions will post 0.77 earnings per share for the current fiscal year.

In other Civitas Solutions news, CFO Denis M. Holler sold 12,238 shares of Civitas Solutions stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $19.75, for a total transaction of $241,700.50. Following the completion of the sale, the chief financial officer now owns 277,502 shares of the company’s stock, valued at approximately $5,480,664.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Denis M. Holler sold 7,148 shares of Civitas Solutions stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $19.63, for a total value of $140,315.24. Following the sale, the chief financial officer now directly owns 287,762 shares of the company’s stock, valued at approximately $5,648,768.06. The disclosure for this sale can be found here. Insiders sold a total of 31,919 shares of company stock valued at $618,489 in the last three months. Insiders own 4.76% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio acquired a new stake in Civitas Solutions during the 3rd quarter worth about $127,000. Campbell & CO Investment Adviser LLC acquired a new stake in Civitas Solutions during the 3rd quarter worth about $197,000. Parametric Portfolio Associates LLC acquired a new stake in Civitas Solutions during the 2nd quarter worth about $211,000. First Trust Advisors LP acquired a new stake in Civitas Solutions during the 3rd quarter worth about $223,000. Finally, The Manufacturers Life Insurance Company lifted its position in Civitas Solutions by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,822 shares of the company’s stock worth $242,000 after acquiring an additional 630 shares during the period. 93.85% of the stock is owned by institutional investors.

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About Civitas Solutions

Civitas Solutions, Inc is a provider of home- and community-based health and human services to individuals with intellectual, developmental, physical or behavioral disabilities and other special needs. The Company operates through two segments: Human Services and Post-Acute Specialty Rehabilitation Services (SRS).

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