Century Communities (CCS) Upgraded at TheStreet

Century Communities (NYSE:CCS) was upgraded by research analysts at TheStreet from a “c+” rating to a “b” rating in a note issued to investors on Wednesday.

CCS has been the topic of a number of other research reports. Wedbush reissued an “outperform” rating and set a $42.00 price target on shares of Century Communities in a research report on Wednesday, May 9th. JPMorgan Chase increased 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. ValuEngine downgraded Century Communities from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research downgraded Century Communities from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Finally, B. Riley raised their price objective on Century Communities from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, May 9th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Century Communities has an average rating of “Buy” and an average target price of $36.36.

Century Communities opened at $30.30 on Wednesday, according to MarketBeat.com. Century Communities has a 12-month low of $29.25 and a 12-month high of $29.85. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market cap of $893.67 million, a PE ratio of 10.56 and a beta of 1.09.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Tuesday, May 8th. The construction company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. Century Communities had a return on equity of 12.68% and a net margin of 3.87%. The business had revenue of $401.85 million for the quarter, compared to the consensus estimate of $377.72 million. During the same quarter in the prior year, the company earned $0.42 EPS. The business’s revenue was up 76.0% compared to the same quarter last year. equities analysts expect that Century Communities will post 4.22 EPS for the current year.

A number of hedge funds have recently modified their holdings of CCS. Wells Fargo & Company MN boosted its position in Century Communities by 16.6% during the third quarter. Wells Fargo & Company MN now owns 54,482 shares of the construction company’s stock valued at $1,346,000 after purchasing an additional 7,742 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Century Communities by 159.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 70,567 shares of the construction company’s stock valued at $1,744,000 after purchasing an additional 43,415 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Century Communities during the fourth quarter valued at about $202,000. Campbell Newman Asset Management Inc. bought a new stake in Century Communities during the fourth quarter valued at about $222,000. Finally, Victory Capital Management Inc. boosted its position in Century Communities by 29.6% during the fourth quarter. Victory Capital Management Inc. now owns 84,556 shares of the construction company’s stock valued at $2,630,000 after purchasing an additional 19,320 shares in the last quarter. 77.98% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Century Communities (NYSE:CCS)

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