Shares of Civitas Solutions, Inc. (NYSE:CIVI) have earned a consensus rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $24.67.
CIVI has been the topic of a number of research reports. BidaskClub downgraded shares of Civitas Solutions from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Zacks Investment Research raised shares of Civitas Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th.
Civitas Solutions (NYSE:CIVI) traded down 1.89% during mid-day trading on Thursday, hitting $18.15. 42,860 shares of the stock traded hands. The company’s 50 day moving average price is $18.72 and its 200-day moving average price is $17.85. Civitas Solutions has a 1-year low of $15.40 and a 1-year high of $20.98. The stock has a market cap of $678.12 million, a price-to-earnings ratio of 34.90 and a beta of 0.42.
Civitas Solutions (NYSE:CIVI) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $377.80 million for the quarter, compared to the consensus estimate of $376.51 million. Civitas Solutions had a net margin of 1.35% and a return on equity of 17.01%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 earnings per share. Analysts predict that Civitas Solutions will post $0.69 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This piece of content was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/10/17/civitas-solutions-inc-civi-given-average-recommendation-of-hold-by-analysts.html.
In other Civitas Solutions news, CFO Denis M. Holler sold 4,600 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $19.63, for a total transaction of $90,298.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gerald J. Jr. Morrissey sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $19.23, for a total transaction of $38,460.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,220 shares of company stock worth $1,127,801. 5.30% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. bought a new stake in Civitas Solutions during the 1st quarter worth approximately $109,000. Bank of Montreal Can raised its stake in Civitas Solutions by 614.8% during the 2nd quarter. Bank of Montreal Can now owns 6,648 shares of the company’s stock worth $116,000 after acquiring an additional 5,718 shares during the period. American International Group Inc. raised its stake in Civitas Solutions by 7.1% during the 1st quarter. American International Group Inc. now owns 9,298 shares of the company’s stock worth $171,000 after acquiring an additional 617 shares during the period. Martingale Asset Management L P bought a new stake in Civitas Solutions during the 2nd quarter worth approximately $186,000. Finally, Parametric Portfolio Associates LLC bought a new stake in Civitas Solutions during the 2nd quarter worth approximately $211,000. Institutional investors own 93.97% of the company’s stock.
Civitas Solutions Company Profile
Civitas Solutions, Inc is a provider of home- and community-based health and human services to individuals with intellectual, developmental, physical or behavioral disabilities and other special needs. The Company operates through two segments: Human Services and Post-Acute Specialty Rehabilitation Services (SRS).
Receive News & Ratings for Civitas Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Civitas Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.