Century Communities, Inc (NYSE:CCS) has been assigned an average recommendation of “Buy” from the eight research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $30.67.
Several analysts have issued reports on the stock. B. Riley reiterated a “buy” rating on shares of Century Communities in a research note on Friday, November 3rd. Wedbush reiterated an “outperform” rating on shares of Century Communities in a research note on Saturday, September 16th. Zacks Investment Research upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Tuesday, November 21st. FBR & Co reissued a “buy” rating and issued a $30.00 price target on shares of Century Communities in a report on Tuesday, October 3rd. Finally, J P Morgan Chase & Co raised shares of Century Communities from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $28.00 to $32.00 in a report on Thursday, September 14th.
Large investors have recently modified their holdings of the company. Morgan Stanley increased its holdings in shares of Century Communities by 53.9% in the 1st quarter. Morgan Stanley now owns 85,491 shares of the construction company’s stock worth $2,172,000 after buying an additional 29,938 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Century Communities by 72.7% during the 2nd quarter. Prudential Financial Inc. now owns 140,246 shares of the construction company’s stock valued at $3,478,000 after purchasing an additional 59,056 shares during the last quarter. Credit Suisse AG grew its holdings in shares of Century Communities by 114.4% during the 1st quarter. Credit Suisse AG now owns 22,963 shares of the construction company’s stock valued at $583,000 after purchasing an additional 12,255 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Century Communities by 10.5% during the 3rd quarter. Victory Capital Management Inc. now owns 65,236 shares of the construction company’s stock valued at $1,611,000 after purchasing an additional 6,184 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in shares of Century Communities during the 1st quarter valued at $530,000. 66.49% of the stock is currently owned by hedge funds and other institutional investors.
Century Communities (NYSE:CCS) last posted its earnings results on Thursday, November 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.30. Century Communities had a net margin of 4.03% and a return on equity of 10.70%. The business had revenue of $374.90 million for the quarter, compared to analysts’ expectations of $409.42 million. During the same period in the prior year, the company posted $0.63 EPS. The business’s revenue for the quarter was up 51.1% compared to the same quarter last year. equities research analysts forecast that Century Communities will post 2.12 earnings per share for the current fiscal year.
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Century Communities Company Profile
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.
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