Century Communities (CCS) Given New $37.00 Price Target at B. Riley

Century Communities (NYSE:CCS) had its price objective cut by B. Riley from $45.00 to $37.00 in a research note released on Wednesday. They currently have a buy rating on the construction company’s stock.

CCS has been the subject of several other reports. JPMorgan Chase & Co. cut Century Communities from an overweight rating to a neutral rating and cut their target price for the stock from $38.50 to $31.50 in a research note on Friday, September 21st. ValuEngine cut Century Communities from a hold rating to a sell rating in a research note on Wednesday, August 8th. Zacks Investment Research cut Century Communities from a hold rating to a sell rating in a research note on Thursday, November 1st. Finally, Wedbush restated an outperform rating and set a $30.00 target price (down from $42.00) on shares of Century Communities in a research note on Monday, October 29th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $34.50.

Shares of CCS stock traded down $1.03 during trading on Wednesday, hitting $21.11. The company had a trading volume of 31,631 shares, compared to its average volume of 663,897. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.97. The stock has a market cap of $648.17 million, a P/E ratio of 7.32 and a beta of 1.19. Century Communities has a one year low of $20.21 and a one year high of $36.00.

Century Communities (NYSE:CCS) last released its earnings results on Tuesday, November 6th. The construction company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.03). Century Communities had a return on equity of 14.84% and a net margin of 4.34%. The business had revenue of $552.90 million for the quarter, compared to the consensus estimate of $553.88 million. During the same quarter in the previous year, the company earned $0.73 earnings per share. The firm’s revenue for the quarter was up 47.5% on a year-over-year basis. Analysts forecast that Century Communities will post 4.38 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in Century Communities during the second quarter worth $151,000. Bank of Montreal Can increased its holdings in shares of Century Communities by 8,812.7% during the second quarter. Bank of Montreal Can now owns 5,615 shares of the construction company’s stock worth $177,000 after buying an additional 5,552 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Century Communities during the second quarter worth $270,000. Metropolitan Life Insurance Co. NY increased its holdings in shares of Century Communities by 36.3% during the second quarter. Metropolitan Life Insurance Co. NY now owns 8,551 shares of the construction company’s stock worth $270,000 after buying an additional 2,279 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of Century Communities during the second quarter worth $325,000. Hedge funds and other institutional investors own 80.53% 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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Analyst Recommendations for Century Communities (NYSE:CCS)

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