Century Communities (CCS) Rating Reiterated by B. Riley
Century Communities (NYSE:CCS)‘s stock had its “buy” rating restated by equities researchers at B. Riley in a research report issued to clients and investors on Wednesday, January 3rd. They currently have a $41.00 price target on the construction company’s stock. B. Riley’s target price indicates a potential upside of 28.13% from the company’s previous close. B. Riley also issued estimates for Century Communities’ FY2018 earnings at $3.93 EPS.
CCS has been the subject of a number of other research reports. Zacks Investment Research cut Century Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. ValuEngine raised Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. JPMorgan Chase & Co. raised Century Communities from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $28.00 to $32.00 in a research note on Thursday, September 14th. Wedbush lifted their price objective on Century Communities from $34.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, December 29th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Century Communities in a research note on Tuesday, October 3rd. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $35.17.
Shares of Century Communities (NYSE CCS) traded down $1.30 during mid-day trading on Wednesday, hitting $32.00. The stock had a trading volume of 332,205 shares, compared to its average volume of 324,971. Century Communities has a twelve month low of $21.90 and a twelve month high of $36.00. The stock has a market capitalization of $919.57, a PE ratio of 15.09 and a beta of 1.17. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.19.
A number of institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in Century Communities during the 3rd quarter worth approximately $120,000. Fox Run Management L.L.C. purchased a new stake in Century Communities during the 4th quarter worth approximately $202,000. Alliancebernstein L.P. purchased a new stake in Century Communities during the 2nd quarter worth approximately $216,000. Campbell Newman Asset Management Inc. purchased a new stake in Century Communities during the 4th quarter worth approximately $222,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Century Communities during the 3rd quarter worth approximately $224,000. 66.58% of the stock is currently owned by hedge funds and other institutional investors.
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Century Communities Company Profile
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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