TheStreet Upgrades Century Communities (CCS) to B

Century Communities (NYSE:CCS) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued on Wednesday.

Other research analysts also recently issued research reports about the stock. Deutsche Bank upped their price objective on shares of Century Communities from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. B. Riley upped their price objective on shares of Century Communities from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, May 9th. ValuEngine raised shares of Century Communities from a “hold” rating to a “buy” rating in a research note on Tuesday, May 8th. Zacks Investment Research raised shares of Century Communities from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Friday, May 4th. Finally, Wedbush reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Century Communities in a research note on Wednesday, February 14th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $36.36.

Shares of NYSE CCS traded up $0.05 on Wednesday, reaching $30.35. 1,606 shares of the company traded hands, compared to its average volume of 267,373. Century Communities has a fifty-two week low of $29.25 and a fifty-two week high of $29.85. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market cap of $893.67 million, a P/E ratio of 10.56 and a beta of 1.09.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Tuesday, May 8th. The construction company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.23. Century Communities had a net margin of 3.87% and a return on equity of 12.68%. The company had revenue of $401.85 million during the quarter, compared to the consensus estimate of $377.72 million. During the same quarter in the prior year, the company posted $0.42 EPS. The company’s quarterly revenue was up 76.0% compared to the same quarter last year. equities research analysts anticipate that Century Communities will post 4.22 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MetLife Investment Advisors LLC increased its position in Century Communities by 26.8% during the 1st quarter. MetLife Investment Advisors LLC now owns 9,586 shares of the construction company’s stock worth $287,000 after purchasing an additional 2,025 shares in the last quarter. First Trust Advisors LP increased its position in Century Communities by 14.9% during the 4th quarter. First Trust Advisors LP now owns 19,745 shares of the construction company’s stock worth $614,000 after purchasing an additional 2,562 shares in the last quarter. Brandywine Global Investment Management LLC increased its position in Century Communities by 21.7% during the 4th quarter. Brandywine Global Investment Management LLC now owns 19,523 shares of the construction company’s stock worth $608,000 after purchasing an additional 3,484 shares in the last quarter. Aperio Group LLC increased its position in Century Communities by 24.9% during the 4th quarter. Aperio Group LLC now owns 18,763 shares of the construction company’s stock worth $584,000 after purchasing an additional 3,744 shares in the last quarter. Finally, First Mercantile Trust Co. purchased a new position in Century Communities in the 4th quarter worth approximately $145,000. 77.98% of the stock is owned by hedge funds and other institutional investors.

About Century Communities

Century Communities, Inc engages in the development, design, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in California, Colorado, Georgia, Nevada, North Carolina, South Carolina, Tennessee, Texas, Utah, and Washington. It is also involved in the entitlement and development of the underlying land; and the provision of mortgage services and title services to its home buyers.

Analyst Recommendations for Century Communities (NYSE:CCS)

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