Brokerages Set Civitas Solutions Inc. (CIVI) Target Price at $30.00
Shares of Civitas Solutions Inc. (NYSE:CIVI) have earned a consensus rating of “Buy” from the eight ratings firms that are presently covering the stock. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $30.00.
Several research firms recently weighed in on CIVI. Zacks Investment Research upgraded shares of Civitas Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, October 11th. Raymond James Financial Inc. downgraded shares of Civitas Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 11th. Finally, Citigroup Inc. downgraded shares of Civitas Solutions to a “market perform” rating in a research note on Thursday, August 11th.
Civitas Solutions (NYSE:CIVI) opened at 18.30 on Tuesday. Civitas Solutions has a 52 week low of $15.19 and a 52 week high of $30.23. The stock has a market cap of $679.50 million, a price-to-earnings ratio of 62.89 and a beta of 0.45. The company has a 50-day moving average price of $18.13 and a 200-day moving average price of $19.63.
Civitas Solutions (NYSE:CIVI) last posted its earnings results on Tuesday, August 9th. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.07. Civitas Solutions had a net margin of 0.77% and a return on equity of 10.98%. The company earned $354 million during the quarter, compared to analyst estimates of $357.48 million. During the same quarter last year, the business posted $0.04 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts anticipate that Civitas Solutions will post $0.36 EPS for the current year.
In other Civitas Solutions news, insider Dwight D. Robson sold 4,154 shares of the business’s stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $23.03, for a total value of $95,666.62. Following the completion of the transaction, the insider now owns 162,957 shares in the company, valued at $3,752,899.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kathleen P. Federico sold 1,500 shares of the business’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $23.03, for a total transaction of $34,545.00. Following the completion of the transaction, the insider now owns 167,595 shares of the company’s stock, valued at approximately $3,859,712.85. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC increased its position in Civitas Solutions by 1.6% in the second quarter. AQR Capital Management LLC now owns 14,250 shares of the company’s stock valued at $297,000 after buying an additional 218 shares during the period. BlackRock Advisors LLC increased its position in shares of Civitas Solutions by 9.9% in the second quarter. BlackRock Advisors LLC now owns 7,502 shares of the company’s stock worth $156,000 after buying an additional 677 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Civitas Solutions by 10.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 10,292 shares of the company’s stock worth $214,000 after buying an additional 995 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Civitas Solutions by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 233,653 shares of the company’s stock worth $4,867,000 after buying an additional 1,236 shares during the last quarter. Finally, American International Group Inc. increased its position in shares of Civitas Solutions by 26.9% in the second quarter. American International Group Inc. now owns 8,692 shares of the company’s stock worth $181,000 after buying an additional 1,840 shares during the last quarter. Institutional investors and hedge funds own 94.58% of the company’s stock.
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’s clinicians and caregivers develop customized service plans, delivered in non-institutional settings, designed to address a range of often life-long conditions.
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