Century Communities Inc (CCS) Receives Average Recommendation of “Hold” from Analysts

Shares of Century Communities Inc (NYSE:CCS) have received a consensus rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $32.63.

Several brokerages have recently commented on CCS. ValuEngine lowered Century Communities from a “hold” rating to a “sell” rating in a research note on Saturday, September 22nd. Zacks Investment Research lowered Century Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Wedbush reissued an “outperform” rating and set a $30.00 target price (down previously 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. B. Riley decreased their target price on Century Communities from $45.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, November 7th. Finally, Deutsche Bank decreased their target price on Century Communities to $32.00 and set a “buy” rating on the stock in a research note on Sunday, November 25th.

Century Communities stock traded down $0.37 during mid-day trading on Tuesday, reaching $20.88. 293,999 shares of the company traded hands, compared to its average volume of 452,341. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.94. The company has a market cap of $642.25 million, a P/E ratio of 7.28 and a beta of 1.26. Century Communities has a 52-week low of $16.35 and a 52-week high of $35.50.

Century Communities (NYSE:CCS) last announced its earnings results on Tuesday, November 6th. The construction company reported $0.86 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.03). Century Communities had a net margin of 4.34% and a return on equity of 14.49%. The business had revenue of $552.90 million for the quarter, compared to the consensus estimate of $553.88 million. During the same quarter last year, the firm posted $0.73 EPS. The business’s quarterly revenue was up 47.5% on a year-over-year basis. Analysts predict that Century Communities will post 4.2 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of CCS. First Trust Advisors LP boosted its position in shares of Century Communities by 18.6% in the 2nd quarter. First Trust Advisors LP now owns 27,191 shares of the construction company’s stock valued at $858,000 after purchasing an additional 4,255 shares during the period. Rhumbline Advisers boosted its position in shares of Century Communities by 33.7% in the 2nd quarter. Rhumbline Advisers now owns 25,036 shares of the construction company’s stock valued at $790,000 after purchasing an additional 6,310 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Century Communities by 3.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 220,988 shares of the construction company’s stock valued at $6,973,000 after purchasing an additional 8,333 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Century Communities in the 2nd quarter valued at about $151,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Century Communities by 16.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 128,477 shares of the construction company’s stock valued at $4,054,000 after purchasing an additional 18,381 shares during the period. Institutional investors own 81.88% of the company’s stock.

Century Communities Company Profile

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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