ValuEngine upgraded shares of Civitas Solutions (NYSE:CIVI) from a strong sell rating to a sell rating in a report released on Tuesday morning.

CIVI has been the subject of several other reports. Bank of America reduced their price objective on Civitas Solutions from $23.00 to $19.00 and set a buy rating for the company in a research report on Friday, February 9th. Raymond James upgraded Civitas Solutions from a market perform rating to an outperform rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Civitas Solutions from a sell rating to a hold rating in a research report on Wednesday, February 28th. Citigroup upgraded Civitas Solutions to an outperform rating and set a $21.00 price objective for the company in a research report on Friday, February 2nd. They noted that the move was a valuation call. Finally, Canaccord Genuity reduced their price objective on Civitas Solutions from $27.00 to $19.00 and set a buy rating for the company in a research report on Friday, February 9th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Civitas Solutions currently has an average rating of Hold and an average price target of $20.00.

Shares of NYSE CIVI opened at $14.45 on Tuesday. The company has a debt-to-equity ratio of 4.11, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market cap of $528.09 million, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.70 and a beta of 0.57. Civitas Solutions has a 12-month low of $14.45 and a 12-month high of $14.55.

Civitas Solutions (NYSE:CIVI) last issued its quarterly earnings data on Thursday, May 10th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share. analysts predict that Civitas Solutions will post 0.85 earnings per share for the current year.

Civitas Solutions announced that its board has authorized a share repurchase program on Thursday, February 8th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CIVI. Barclays PLC lifted its position in Civitas Solutions by 14,620.1% in the first quarter. Barclays PLC now owns 375,216 shares of the company’s stock worth $5,779,000 after purchasing an additional 372,667 shares during the period. Prosight Management LP acquired a new stake in Civitas Solutions in the first quarter worth approximately $2,532,000. Dimensional Fund Advisors LP lifted its position in Civitas Solutions by 64.7% in the first quarter. Dimensional Fund Advisors LP now owns 360,804 shares of the company’s stock worth $5,556,000 after purchasing an additional 141,738 shares during the period. JPMorgan Chase & Co. lifted its position in Civitas Solutions by 29.6% in the first quarter. JPMorgan Chase & Co. now owns 395,737 shares of the company’s stock worth $6,095,000 after purchasing an additional 90,345 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in Civitas Solutions by 35.1% in the fourth 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 during the period. Hedge funds and other institutional investors own 94.78% of the company’s stock.

Civitas Solutions Company Profile

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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Analyst Recommendations for Civitas Solutions (NYSE:CIVI)

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