Brokerages Set Century Communities, Inc. (CCS) Price Target at $29.67
Shares of Century Communities, Inc. (NYSE:CCS) have been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $29.67.
CCS has been the topic of several recent analyst reports. Citigroup Inc. restated a “buy” rating and issued a $30.00 target price on shares of Century Communities in a report on Tuesday, August 8th. Wedbush restated an “outperform” rating on shares of Century Communities in a report on Saturday, September 16th. BidaskClub cut shares of Century Communities from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. J P Morgan Chase & Co upgraded shares of Century Communities from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $28.00 to $32.00 in a report on Thursday, September 14th. Finally, ValuEngine upgraded shares of Century Communities from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd.
Shares of Century Communities (CCS) traded down 0.20% on Wednesday, hitting $24.70. 344,572 shares of the stock were exchanged. The company has a market cap of $555.73 million, a price-to-earnings ratio of 10.37 and a beta of 1.04. The company has a 50 day moving average of $23.42 and a 200 day moving average of $25.04. Century Communities has a 52-week low of $18.45 and a 52-week high of $28.05.
Century Communities (NYSE:CCS) last issued its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $305.38 million. During the same quarter in the previous year, the business earned $0.62 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. Equities research analysts forecast that Century Communities will post $2.15 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in CCS. Russell Investments Group Ltd. raised its holdings in Century Communities by 92.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 509,298 shares of the construction company’s stock valued at $12,630,000 after buying an additional 244,629 shares during the period. Driehaus Capital Management LLC purchased a new stake in Century Communities during the 1st quarter valued at $5,340,000. Dimensional Fund Advisors LP raised its holdings in Century Communities by 24.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 892,840 shares of the construction company’s stock valued at $22,142,000 after buying an additional 175,217 shares during the period. Thomson Horstmann & Bryant Inc. raised its holdings in Century Communities by 38.3% during the 2nd quarter. Thomson Horstmann & Bryant Inc. now owns 333,159 shares of the construction company’s stock valued at $8,262,000 after buying an additional 92,239 shares during the period. Finally, Bank of America Corp DE raised its holdings in Century Communities by 177.8% during the 1st quarter. Bank of America Corp DE now owns 134,439 shares of the construction company’s stock valued at $3,415,000 after buying an additional 86,042 shares during the period. Institutional investors own 59.80% of the company’s stock.
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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