Press coverage about CalAtlantic Group (NYSE:CAA) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CalAtlantic Group earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the industrial goods maker an impact score of 45.7778356504623 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
CAA has been the subject of several research analyst reports. ValuEngine raised CalAtlantic Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. UBS lifted their price objective on CalAtlantic Group from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Credit Suisse Group reissued a “neutral” rating and set a $63.00 price objective (up previously from $51.00) on shares of CalAtlantic Group in a research note on Monday, January 22nd. They noted that the move was a valuation call. Mizuho set a $64.00 price objective on CalAtlantic Group and gave the company a “hold” rating in a research note on Thursday, January 18th. Finally, Wedbush lifted their price objective on CalAtlantic Group from $51.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, December 29th. Thirteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. CalAtlantic Group has a consensus rating of “Hold” and an average target price of $55.22.
Shares of CalAtlantic Group stock traded up $0.41 during mid-day trading on Thursday, reaching $53.12. The company’s stock had a trading volume of 17,976,299 shares, compared to its average volume of 2,215,714. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.29 and a current ratio of 5.91. CalAtlantic Group has a 52-week low of $33.56 and a 52-week high of $64.60. The company has a market capitalization of $6,170.00 and a price-to-earnings ratio of 15.76.
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About CalAtlantic Group
CalAtlantic Group, Inc is a diversified builder of single-family attached and detached homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment operations include acquiring and developing land, and constructing and selling single-family attached and detached homes.
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