Century Communities (CCS) Cut to “Buy” at ValuEngine

Century Communities (NYSE:CCS) was downgraded by ValuEngine from a “strong-buy” rating to a “buy” rating in a report issued on Monday.

CCS has been the subject of several other reports. JPMorgan Chase raised their price target on Century Communities from $34.00 to $37.50 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Wedbush raised their price target on Century Communities from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, December 29th. Zacks Investment Research lowered Century Communities from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 28th. B. Riley restated a “buy” rating and set a $41.00 price target on shares of Century Communities in a research report on Wednesday, January 3rd. Finally, Deutsche Bank raised their price target on Century Communities from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $36.64.

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Shares of CCS traded down $0.90 during midday trading on Monday, hitting $29.05. 210,779 shares of the stock were exchanged, compared to its average volume of 283,642. Century Communities has a 52-week low of $21.90 and a 52-week high of $36.00. The firm has a market cap of $887.02, a P/E ratio of 10.12 and a beta of 1.09. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Tuesday, February 13th. The construction company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.61 by $0.40. Century Communities had a return on equity of 11.79% and a net margin of 3.55%. The business had revenue of $518.79 million during the quarter, compared to analyst estimates of $507.29 million. sell-side analysts expect that Century Communities will post 3.69 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in CCS. SG Americas Securities LLC purchased a new position in Century Communities in the third quarter valued at $120,000. First Mercantile Trust Co. purchased a new position in Century Communities in the fourth quarter valued at $145,000. Fox Run Management L.L.C. purchased a new position in Century Communities in the fourth quarter valued at $202,000. Teacher Retirement System of Texas purchased a new position in Century Communities in the fourth quarter valued at $202,000. Finally, Campbell Newman Asset Management Inc. purchased a new position in Century Communities in the fourth quarter valued at $222,000. Hedge funds and other institutional investors own 79.01% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Century Communities (NYSE:CCS)

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