Civitas Solutions (CIVI) Given a $21.00 Price Target at SunTrust Banks

Civitas Solutions (NYSE:CIVI) has been assigned a $21.00 price target by equities researchers at SunTrust Banks in a report released on Thursday, December 21st. The brokerage presently has a “buy” rating on the stock. SunTrust Banks’ price objective would indicate a potential upside of 20.69% from the company’s current price.

Other analysts have also issued research reports about the stock. Canaccord Genuity lifted their price objective on shares of Civitas Solutions from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. BidaskClub lowered shares of Civitas Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Finally, Zacks Investment Research raised shares of Civitas Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th.

Civitas Solutions (NYSE:CIVI) traded down $0.05 on Thursday, hitting $17.40. 29,323 shares of the company were exchanged, compared to its average volume of 79,053. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.19 and a quick ratio of 1.19. Civitas Solutions has a one year low of $15.40 and a one year high of $20.20. The company has a market capitalization of $651.49, a price-to-earnings ratio of 102.35, a P/E/G ratio of 2.26 and a beta of 0.42.

In related news, insider Renzo Linda De sold 1,722 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $18.73, for a total transaction of $32,253.06. Following the completion of the transaction, the insider now owns 162,893 shares of the company’s stock, valued at $3,050,985.89. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Denis M. Holler sold 12,238 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $19.75, for a total transaction of $241,700.50. Following the transaction, the chief financial officer now directly owns 277,502 shares of the company’s stock, valued at approximately $5,480,664.50. The disclosure for this sale can be found here. Insiders sold 36,902 shares of company stock valued at $712,427 in the last quarter. Corporate insiders own 5.30% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. FMR LLC grew its stake in Civitas Solutions by 1.1% during the second quarter. FMR LLC now owns 5,596,978 shares of the company’s stock valued at $97,947,000 after acquiring an additional 61,501 shares in the last quarter. Vanguard Group Inc. grew its stake in Civitas Solutions by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 719,953 shares of the company’s stock worth $12,600,000 after buying an additional 7,218 shares in the last quarter. State Street Corp grew its stake in Civitas Solutions by 14.3% in the 2nd quarter. State Street Corp now owns 270,368 shares of the company’s stock worth $4,738,000 after buying an additional 33,779 shares in the last quarter. Northern Trust Corp grew its stake in Civitas Solutions by 19.2% in the 2nd quarter. Northern Trust Corp now owns 243,499 shares of the company’s stock worth $4,261,000 after buying an additional 39,301 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Civitas Solutions by 16.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 177,215 shares of the company’s stock worth $3,270,000 after buying an additional 24,690 shares in the last quarter. 93.99% of the stock is owned by institutional investors.

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About Civitas Solutions

Civitas Solutions, Inc is a provider of home- and community-based health and human services to individuals with intellectual, developmental, physical or behavioral disabilities and other special needs. The Company operates through two segments: Human Services and Post-Acute Specialty Rehabilitation Services (SRS).

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