Century Communities Inc (NYSE:CCS) has been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $31.13.
Several analysts have issued reports on CCS shares. TheStreet upgraded shares of Century Communities from a “c” rating to a “b-” rating in a research report on Tuesday, February 19th. Zelman & Associates upgraded shares of Century Communities from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Zacks Investment Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 16th. ValuEngine upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Finally, Wedbush downgraded shares of Century Communities from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $26.00 to $24.00 in a research note on Friday, February 8th.
Large investors have recently modified their holdings of the company. Shoals Capital Management LP bought a new position in shares of Century Communities during the fourth quarter valued at about $25,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Century Communities by 176.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,923 shares of the construction company’s stock worth $33,000 after buying an additional 1,228 shares in the last quarter. Legal & General Group Plc raised its stake in Century Communities by 21.7% in the fourth quarter. Legal & General Group Plc now owns 4,943 shares of the construction company’s stock worth $86,000 after buying an additional 882 shares in the last quarter. First Mercantile Trust Co. raised its stake in Century Communities by 49.6% in the fourth quarter. First Mercantile Trust Co. now owns 6,753 shares of the construction company’s stock worth $117,000 after buying an additional 2,239 shares in the last quarter. Finally, Citigroup Inc. raised its stake in Century Communities by 609.3% in the fourth quarter. Citigroup Inc. now owns 7,199 shares of the construction company’s stock worth $124,000 after buying an additional 6,184 shares in the last quarter. 88.66% of the stock is owned by hedge funds and other institutional investors.
NYSE CCS traded down $0.73 during trading on Thursday, hitting $24.81. 7,525 shares of the company’s stock traded hands, compared to its average volume of 853,157. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.91. Century Communities has a 12-month low of $16.35 and a 12-month high of $35.50. The firm has a market cap of $762.59 million, a price-to-earnings ratio of 6.30 and a beta of 1.56.
Century Communities (NYSE:CCS) last posted its quarterly earnings results on Thursday, February 7th. The construction company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.01). Century Communities had a net margin of 4.49% and a return on equity of 14.64%. The business had revenue of $640.19 million for the quarter, compared to analysts’ expectations of $642.07 million. During the same quarter in the previous year, the company earned $0.60 earnings per share. The business’s quarterly revenue was up 23.4% on a year-over-year basis. Equities analysts expect that Century Communities will post 3.24 earnings per share for the current fiscal year.
Century Communities Company Profile
Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.
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