Century Communities (NYSE:CCS) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report released on Saturday, February 17th.
CCS has been the subject of several other reports. B. Riley reissued a “buy” rating on shares of Century Communities in a report on Friday, November 3rd. Deutsche Bank lifted their price target on shares of Century Communities from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Zacks Investment Research upgraded shares of Century Communities from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday, January 3rd. Wedbush boosted their price objective on shares of Century Communities from $34.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, December 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of Century Communities from $34.00 to $37.50 and gave the company an “overweight” rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.64.
Century Communities (CCS) traded down $0.50 during trading on Friday, hitting $30.80. 179,338 shares of the stock traded hands, compared to its average volume of 307,445. Century Communities has a twelve month low of $21.90 and a twelve month high of $36.00. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $928.48, a PE ratio of 15.17 and a beta of 1.13.
Century Communities (NYSE:CCS) last released its quarterly earnings results on Tuesday, February 13th. The construction company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.40. The business had revenue of $518.79 million for the quarter, compared to the consensus estimate of $507.29 million. Century Communities had a net margin of 3.55% and a return on equity of 11.79%. equities research analysts forecast that Century Communities will post 3.69 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC bought a new position in Century Communities during the 4th quarter worth approximately $235,000. Park West Asset Management LLC acquired a new stake in shares of Century Communities during the 4th quarter worth approximately $3,182,000. Kazazian Asset Management LLC acquired a new stake in Century Communities in the 4th quarter valued at $233,000. Macquarie Group Ltd. acquired a new stake in Century Communities in the 4th quarter valued at $279,000. Finally, Millennium Management LLC grew its position in Century Communities by 35.7% in the 4th quarter. Millennium Management LLC now owns 1,241,269 shares of the construction company’s stock valued at $38,603,000 after purchasing an additional 326,505 shares during the period. Hedge funds and other institutional investors own 79.01% of the company’s stock.
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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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