Century Communities (NYSE: CCS) price target raised to $ 106.00
Century Communities (NYSE: CCS) saw its target price raised by analysts at B. Riley from $ 77.00 to $ 106.00 in a report released Thursday, Fly reports. The brokerage currently has a “buy” rating on the shares of the construction company. B. Riley’s target price would indicate a potential rise of 43.63% from the company’s current price.
Several other research analysts have also weighed on the company recently. Zacks investment research In a Wednesday April 7 research note, Century Communities reduced the “strong buy” rating to a “maintain” rating. Wedbush raised its price target on Century Communities from $ 75.00 to $ 92.00 and gave the stock an “outperforming” rating in a research note on Thursday. Finally, Wells Fargo & Company kicked off coverage on Century Communities in a research note on Wednesday, April 21. They issued an “overweight” rating and a price target of $ 65.00 for the company. Two investment analysts rated the stock with a sustaining rating and five gave the stock a buy rating. The stock currently has a consensus rating of “Buy” and a consensus target price of $ 73.17.
Actions of NYSE CCS traded as high as $ 7.53 during midday Thursday, reaching $ 73.80. 22,639 shares of the stock traded in the hands, compared to its average volume of 490,491. The company has a leverage ratio of 0.76, a quick ratio of 1.57 and a current ratio of 1.58. Century Communities has a 52 week low of $ 19.42 and a 52 week high of $ 68.93. The company has a market cap of $ 2.49 billion, a price-to-earnings ratio of 14.58 and a beta of 1.94. The stock has a fifty-day moving average price of $ 63.04 and a 200-day moving average price of $ 51.41.
Century Communities (NYSE: CCS) last announced its quarterly earnings data on Wednesday, April 28. The construction company reported earnings per share (EPS) of $ 3.00 for the quarter, beating the Zacks’ consensus estimate of $ 1.52 by $ 1.48. Century Communities had a return on equity of 14.90% and a net margin of 5.65%. As a group, sell-side analysts predict Century Communities will post 5.1 EPS for the current fiscal year.
Similarly, CEO Robert J. Francescon sold 75,000 shares of the company in a transaction dated Tuesday, February 9. The stock was sold for an average price of $ 60.00, for a total value of $ 4,500,000.00. Following the sale, the CEO now directly owns 403,465 shares of the company, valued at $ 24,207,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available through this link. Company insiders own 13.10% of the company’s shares.
Several hedge funds have recently changed their holdings in CCS. Handelsbanken Fonder AB acquired a new stake in Century Communities in the first quarter for a value of approximately $ 344,000. Comerica Bank increased its stake in Century Communities shares by 44.5% in the first quarter. Comerica Bank now owns 44,089 shares of the construction company valued at $ 2,812,000 after acquiring an additional 13,584 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new position in Century Communities shares in the first quarter valued at $ 220,000. Denali Advisors LLC increased its stake in Century Communities shares by 54.2% in the first quarter. Denali Advisors LLC now owns 13,122 shares of the construction company valued at $ 792,000 after acquiring an additional 4,612 shares in the last quarter. Finally, Assenagon Asset Management SA increased its stake in Century Communities shares by 16.9% during the first quarter. Assenagon Asset Management SA now owns 53,343 shares of the construction company valued at $ 3,218,000 after purchasing an additional 7,714 shares in the last quarter. 93.38% of the shares are currently held by institutional investors and hedge funds.
Century Communities Company Profile
Century Communities, Inc., along with its subsidiaries, engages in the design, development, construction, marketing and sale of single-family attached and detached homes. He is also involved in the law and the development of the underlying land; and providing mortgage, title and insurance services to its home buyers.
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