Century Communities Inc (CCS) Receives $32.63 Consensus PT from Analysts

Century Communities Inc (NYSE:CCS) has been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $32.63.

CCS has been the subject of a number of research reports. Zacks Investment Research cut Century Communities from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. B. Riley decreased their target price on Century Communities from $45.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, November 7th. ValuEngine cut Century Communities from a “sell” rating to a “strong sell” rating in a report on Thursday, October 11th. Wedbush reiterated an “outperform” rating and set a $30.00 target price (down previously from $42.00) on shares of Century Communities in a report on Monday, October 29th. They noted that the move was a valuation call. Finally, Deutsche Bank decreased their target price on Century Communities to $32.00 and set a “buy” rating for the company in a report on Sunday, November 25th.

CCS remained flat at $$20.57 during midday trading on Monday. The company’s stock had a trading volume of 507,603 shares, compared to its average volume of 339,459. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.94. The stock has a market cap of $632.71 million, a PE ratio of 7.17 and a beta of 1.18. Century Communities has a 52 week low of $19.20 and a 52 week high of $36.00.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Tuesday, November 6th. The construction company reported $0.86 EPS for the quarter, missing the 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 during the quarter, compared to analysts’ expectations of $553.88 million. During the same quarter last year, the firm earned $0.73 EPS. The firm’s quarterly revenue was up 47.5% compared to the same quarter last year. Equities research analysts predict that Century Communities will post 4.2 EPS for the current year.

Several large investors have recently modified their holdings of CCS. Dimensional Fund Advisors LP grew its holdings in shares of Century Communities by 17.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,245,213 shares of the construction company’s stock worth $70,836,000 after purchasing an additional 330,733 shares during the period. Frontier Capital Management Co. LLC grew its holdings in shares of Century Communities by 100.6% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 618,418 shares of the construction company’s stock worth $16,233,000 after purchasing an additional 310,133 shares during the period. Millennium Management LLC grew its holdings in shares of Century Communities by 21.3% during the 2nd quarter. Millennium Management LLC now owns 1,323,303 shares of the construction company’s stock worth $41,750,000 after purchasing an additional 232,059 shares during the period. Heartland Advisors Inc. boosted its holdings in Century Communities by 126.1% in the 2nd quarter. Heartland Advisors Inc. now owns 339,100 shares of the construction company’s stock worth $10,699,000 after acquiring an additional 189,100 shares during the period. Finally, BlackRock Inc. boosted its holdings in Century Communities by 8.6% in the 2nd quarter. BlackRock Inc. now owns 2,156,079 shares of the construction company’s stock worth $68,026,000 after acquiring an additional 170,531 shares during the period. Institutional investors and hedge funds own 81.91% 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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