Century Communities (CCS) Upgraded at TheStreet
Century Communities (NYSE:CCS) was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued on Wednesday.
Several other analysts have also weighed in on the company. B. Riley increased their price target on Century Communities from $41.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, May 9th. Wedbush restated an “outperform” rating and set a $42.00 price target on shares of Century Communities in a report on Wednesday, May 9th. ValuEngine upgraded Century Communities from a “hold” rating to a “buy” rating in a report on Tuesday, May 8th. Zacks Investment Research upgraded Century Communities from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Friday, May 4th. Finally, JPMorgan Chase increased their price target on Century Communities from $34.00 to $37.50 and gave the company an “overweight” rating in a report on Thursday, February 15th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $36.36.
NYSE:CCS opened at $30.30 on Wednesday. Century Communities has a fifty-two week low of $29.25 and a fifty-two week high of $29.85. The firm has a market cap of $893.67 million, a P/E ratio of 10.56 and a beta of 1.09. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.61 and a current ratio of 0.61.
Hedge funds have recently added to or reduced their stakes in the business. First Mercantile Trust Co. purchased a new stake in Century Communities in the fourth quarter worth $145,000. Fox Run Management L.L.C. purchased a new stake in Century Communities in the fourth quarter worth $202,000. Teacher Retirement System of Texas purchased a new stake in Century Communities in the fourth quarter worth $202,000. Campbell Newman Asset Management Inc. purchased a new stake in Century Communities in the fourth quarter worth $222,000. Finally, Kazazian Asset Management LLC purchased a new stake in Century Communities in the fourth quarter worth $233,000. Institutional investors and hedge funds own 77.98% 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.
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