Century Communities, Inc. (CCS) Given Outperform Rating at Wedbush
Several other research analysts have also issued reports on CCS. ValuEngine raised Century Communities from a buy rating to a strong-buy rating in a research report on Friday, June 2nd. Citigroup Inc. reaffirmed a buy rating and set a $30.00 target price on shares of Century Communities in a research report on Tuesday, August 8th. BidaskClub lowered Century Communities from a buy rating to a hold rating in a research report on Tuesday, August 8th. Finally, J P Morgan Chase & Co raised Century Communities from a neutral rating to an overweight rating and upped their target price for the company from $28.00 to $32.00 in a research report on Thursday. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Century Communities presently has an average rating of Buy and an average price target of $29.80.
Century Communities (NYSE CCS) traded down 0.83% during midday trading on Friday, reaching $24.00. The company had a trading volume of 428,159 shares. The company has a market capitalization of $539.98 million, a P/E ratio of 10.08 and a beta of 1.04. Century Communities has a 1-year low of $18.45 and a 1-year high of $28.05. The firm has a 50-day moving average of $23.52 and a 200 day moving average of $25.00.
Century Communities (NYSE:CCS) last announced its earnings results on Thursday, August 3rd. The construction company reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.01). Century Communities had a net margin of 4.87% and a return on equity of 10.74%. The business had revenue of $287.60 million for the quarter, compared to analyst estimates of $305.38 million. During the same period in the prior year, the company earned $0.62 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. On average, equities research analysts forecast that Century Communities will post $2.22 EPS for the current year.
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Large investors have recently made changes to their positions in the stock. Morgan Stanley increased its position in Century Communities by 53.9% during the 1st quarter. Morgan Stanley now owns 85,491 shares of the construction company’s stock valued at $2,172,000 after buying an additional 29,938 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Century Communities by 200.0% in the first quarter. Wells Fargo & Company MN now owns 31,214 shares of the construction company’s stock valued at $793,000 after purchasing an additional 20,811 shares during the period. Credit Suisse AG increased its holdings in shares of Century Communities by 114.4% in the first quarter. Credit Suisse AG now owns 22,963 shares of the construction company’s stock valued at $583,000 after purchasing an additional 12,255 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Century Communities by 118.7% in the first quarter. PNC Financial Services Group Inc. now owns 5,188 shares of the construction company’s stock valued at $131,000 after purchasing an additional 2,816 shares during the period. Finally, UBS Group AG increased its holdings in shares of Century Communities by 299.2% in the first quarter. UBS Group AG now owns 29,646 shares of the construction company’s stock valued at $753,000 after purchasing an additional 22,220 shares during the period. 59.80% of the stock is currently owned by institutional investors.
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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