Century Communities (CCS) Price Target Cut to $37.00 by Analysts at B. Riley
Century Communities (NYSE:CCS) had its price objective trimmed by B. Riley from $45.00 to $37.00 in a report published on Wednesday morning. The firm currently has a buy rating on the construction company’s stock. B. Riley also issued estimates for Century Communities’ Q4 2018 earnings at $1.39 EPS, FY2018 earnings at $4.20 EPS and FY2019 earnings at $5.25 EPS.
Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Century Communities from a hold rating to a buy rating and set a $34.00 price target for the company in a research report on Monday, August 13th. JPMorgan Chase & Co. lowered shares of Century Communities from an overweight rating to a neutral rating and dropped their price target for the stock from $38.50 to $31.50 in a research report on Friday, September 21st. Wedbush reiterated an outperform rating and issued a $30.00 price target (down from $42.00) on shares of Century Communities in a research report on Monday, October 29th. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of Century Communities from a hold rating to a sell rating in a report on Saturday, September 22nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and an average price target of $34.50.
Shares of CCS traded down $0.51 during mid-day trading on Wednesday, reaching $20.62. The stock had a trading volume of 926,575 shares, compared to its average volume of 686,941. The firm has a market cap of $666.84 million, a P/E ratio of 7.18 and a beta of 1.19. Century Communities has a 12 month low of $20.10 and a 12 month high of $36.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.40 and a quick ratio of 0.40.
Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Century Communities by 8.6% in the second quarter. BlackRock Inc. now owns 2,156,079 shares of the construction company’s stock worth $68,026,000 after buying an additional 170,531 shares in the last quarter. B. Riley Financial Inc. lifted its holdings in shares of Century Communities by 34.6% in the second quarter. B. Riley Financial Inc. now owns 12,912 shares of the construction company’s stock worth $407,000 after buying an additional 3,320 shares in the last quarter. MetLife Investment Advisors LLC lifted its holdings in shares of Century Communities by 26.3% in the second quarter. MetLife Investment Advisors LLC now owns 12,109 shares of the construction company’s stock worth $382,000 after buying an additional 2,523 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Century Communities by 18.5% in the second quarter. Swiss National Bank now owns 38,466 shares of the construction company’s stock worth $1,214,000 after buying an additional 6,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Century Communities by 17.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,245,213 shares of the construction company’s stock worth $70,836,000 after buying an additional 330,733 shares in the last quarter. 80.53% of the stock is currently owned by hedge funds and other institutional investors.
Century Communities Company Profile
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.
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