Century Communities (NYSE:CCS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Century Communities, Inc. is a home building and construction company. Its activities comprise land acquisition, development, and entitlements; and the acquisition, development, construction, marketing, and sale of various single-family detached and attached residential home projects. The Company operates in major metropolitan markets in Colorado, Texas and Nevada. Century Communities, Inc. is based in Greenwood Village, Colorado. “
Other research analysts have also issued reports about the company. ValuEngine lowered Century Communities from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 11th. Wedbush reissued an “outperform” rating and set a $42.00 target price on shares of Century Communities in a report on Wednesday, February 14th. Deutsche Bank boosted their target price on Century Communities from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. B. Riley reissued a “buy” rating and set a $41.00 target price on shares of Century Communities in a report on Wednesday, January 3rd. Finally, JPMorgan Chase boosted their target price on Century Communities from $34.00 to $37.50 and gave the stock an “overweight” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. Century Communities currently has a consensus rating of “Buy” and a consensus price target of $36.64.
Shares of CCS stock traded up $0.60 during trading on Tuesday, reaching $30.50. 183,618 shares of the company’s stock were exchanged, compared to its average volume of 271,304. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $869.25, a PE ratio of 10.63 and a beta of 1.09. Century Communities has a twelve month low of $21.90 and a twelve month high of $36.00.
Century Communities (NYSE:CCS) last posted its earnings results on Tuesday, February 13th. The construction company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.40. The business had revenue of $518.79 million for the quarter, compared to analyst estimates of $507.29 million. Century Communities had a return on equity of 11.79% and a net margin of 3.55%. sell-side analysts predict that Century Communities will post 3.69 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. bought a new stake in Century Communities in the 4th quarter valued at $145,000. SG Americas Securities LLC bought a new stake in Century Communities in the 3rd quarter valued at $120,000. Fox Run Management L.L.C. bought a new stake in Century Communities in the 4th quarter valued at $202,000. Teacher Retirement System of Texas bought a new stake in Century Communities in the 4th quarter valued at $202,000. Finally, Campbell Newman Asset Management Inc. bought a new stake in Century Communities in the 4th quarter valued at $222,000. Institutional investors and hedge funds own 79.01% of the company’s stock.
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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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