Civitas Solutions (NYSE:CIVI) has earned a consensus rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $20.00.
A number of equities research analysts have issued reports on CIVI shares. Canaccord Genuity cut their price target on Civitas Solutions from $27.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Zacks Investment Research downgraded Civitas Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. Raymond James upgraded Civitas Solutions from a “market perform” rating to an “outperform” rating in a research note on Friday, February 2nd. Citigroup upgraded Civitas Solutions to an “outperform” rating and set a $21.00 price objective for the company in a research note on Friday, February 2nd. They noted that the move was a valuation call. Finally, Bank of America cut their price objective on Civitas Solutions from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, February 9th.
Large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its stake in shares of Civitas Solutions by 63.1% during the 3rd quarter. Wells Fargo & Company MN now owns 16,825 shares of the company’s stock valued at $311,000 after acquiring an additional 6,509 shares during the period. First Quadrant L P CA lifted its holdings in Civitas Solutions by 56.6% in the 4th quarter. First Quadrant L P CA now owns 21,146 shares of the company’s stock worth $362,000 after purchasing an additional 7,646 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Civitas Solutions by 16.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 177,215 shares of the company’s stock worth $3,270,000 after purchasing an additional 24,690 shares in the last quarter. Eversept Partners LLC purchased a new position in Civitas Solutions in the 4th quarter worth approximately $402,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Civitas Solutions by 35.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 240,705 shares of the company’s stock worth $4,116,000 after purchasing an additional 62,590 shares in the last quarter. Institutional investors own 94.78% of the company’s stock.
Shares of Civitas Solutions traded up $0.15, reaching $15.40, during trading hours on Friday, MarketBeat Ratings reports. 201,633 shares of the stock traded hands, compared to its average volume of 160,141. The company has a market cap of $553.77 million, a P/E ratio of 14.11, a P/E/G ratio of 1.33 and a beta of 0.57. Civitas Solutions has a one year low of $11.15 and a one year high of $19.90. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 4.11.
Civitas Solutions (NYSE:CIVI) last released its quarterly earnings results on Thursday, May 10th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.24. The business had revenue of $392.80 million during the quarter, compared to the consensus estimate of $397.00 million. Civitas Solutions had a return on equity of 23.72% and a net margin of 0.23%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. research analysts anticipate that Civitas Solutions will post 1.14 EPS for the current fiscal year.
Civitas Solutions declared that its Board of Directors has initiated a share buyback plan on Thursday, February 8th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
About Civitas Solutions
Civitas Solutions, Inc provides home- and community-based health and human services to must-serve individuals with intellectual, developmental, behavioral, and/or medically complex disabilities and challenges in the United States. It operates through Intellectual and Developmental Disabilities (I/DD), Post-Acute Specialty Rehabilitation Services (SRS), and At-Risk Youth (ARY) segments.
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