Century Communities (CCS) PT Lowered to $37.00 at B. Riley

Century Communities (NYSE:CCS) had its price objective lowered by B. Riley from $45.00 to $37.00 in a report released on Wednesday. The firm currently has a buy rating on the construction company’s stock.

A number of other research firms also recently weighed in on CCS. Zacks Investment Research downgraded Century Communities from a hold rating to a sell rating in a report on Tuesday, July 17th. ValuEngine downgraded Century Communities from a hold rating to a sell rating in a report on Wednesday, August 8th. JPMorgan Chase & Co. downgraded Century Communities from an overweight rating to a neutral rating and decreased their price target for the stock from $38.50 to $31.50 in a report on Friday, September 21st. Finally, Wedbush reiterated an outperform rating and set a $30.00 price target (down from $42.00) on shares of Century Communities in a report on Monday, October 29th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $34.50.

NYSE CCS traded down $1.03 on Wednesday, reaching $21.11. The company had a trading volume of 31,631 shares, compared to its average volume of 663,897. The company has a market capitalization of $648.17 million, a price-to-earnings ratio of 7.32 and a beta of 1.19. Century Communities has a fifty-two week low of $20.21 and a fifty-two week high of $36.00. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.97.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Tuesday, November 6th. The construction company reported $0.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.03). The company had revenue of $552.90 million during the quarter, compared to analyst estimates of $553.88 million. Century Communities had a net margin of 4.34% and a return on equity of 14.84%. The business’s revenue for the quarter was up 47.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 earnings per share. Research analysts expect that Century Communities will post 4.38 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of CCS. Bank of Montreal Can grew its holdings in Century Communities by 8,812.7% during the 2nd quarter. Bank of Montreal Can now owns 5,615 shares of the construction company’s stock worth $177,000 after acquiring an additional 5,552 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in Century Communities during the 2nd quarter worth about $325,000. AJ Wealth Strategies LLC acquired a new stake in Century Communities during the 2nd quarter worth about $513,000. State of New Jersey Common Pension Fund D grew its holdings in Century Communities by 142.9% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 29,745 shares of the construction company’s stock worth $938,000 after acquiring an additional 17,500 shares during the period. Finally, First Trust Advisors LP grew its holdings in Century Communities by 18.6% during the 2nd quarter. First Trust Advisors LP now owns 27,191 shares of the construction company’s stock worth $858,000 after acquiring an additional 4,255 shares during the period. Hedge funds and other institutional investors own 80.53% of the company’s stock.

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.

Recommended Story: Technical Analysis of Stocks and What It Means

Analyst Recommendations for Century Communities (NYSE:CCS)

Receive News & Ratings for Century Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Communities and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply