Wedbush Boosts Century Communities (CCS) Price Target to $42.00

Century Communities (NYSE:CCS) had its target price raised by Wedbush from $34.00 to $42.00 in a research report released on Friday morning, MarketBeat.com reports. They currently have an outperform rating on the construction company’s stock.

Other equities research analysts have also issued reports about the stock. B. Riley reissued a buy rating on shares of Century Communities in a report on Friday, November 3rd. FBR & Co reissued a buy rating and set a $30.00 price objective on shares of Century Communities in a report on Tuesday, October 3rd. Zacks Investment Research raised shares of Century Communities from a sell rating to a hold rating in a report on Tuesday, November 21st. Finally, JPMorgan Chase & Co. raised shares of Century Communities from a neutral rating to an overweight rating and boosted their price objective for the company from $28.00 to $32.00 in a report on Thursday, September 14th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $33.50.

Shares of Century Communities (NYSE:CCS) opened at $31.10 on Friday. The firm has a market cap of $857.53, a price-to-earnings ratio of 14.67 and a beta of 1.17. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.19. Century Communities has a 1-year low of $20.30 and a 1-year high of $31.90.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.30. The firm had revenue of $374.90 million for the quarter, compared to analyst estimates of $409.42 million. Century Communities had a net margin of 4.03% and a return on equity of 10.70%. The business’s quarterly revenue was up 51.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 earnings per share. analysts predict that Century Communities will post 2.12 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. California State Teachers Retirement System boosted its holdings in Century Communities by 2.3% in the second quarter. California State Teachers Retirement System now owns 30,670 shares of the construction company’s stock valued at $761,000 after purchasing an additional 700 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Century Communities by 12.2% in the second quarter. Voya Investment Management LLC now owns 11,407 shares of the construction company’s stock valued at $283,000 after purchasing an additional 1,236 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Century Communities by 11.1% in the second quarter. The Manufacturers Life Insurance Company now owns 13,874 shares of the construction company’s stock valued at $344,000 after purchasing an additional 1,382 shares during the last quarter. Rhumbline Advisers boosted its holdings in Century Communities by 9.1% in the third quarter. Rhumbline Advisers now owns 21,775 shares of the construction company’s stock valued at $538,000 after purchasing an additional 1,814 shares during the last quarter. Finally, Signia Capital Management LLC boosted its holdings in Century Communities by 1.9% in the third quarter. Signia Capital Management LLC now owns 101,462 shares of the construction company’s stock valued at $2,506,000 after purchasing an additional 1,886 shares during the last quarter. 66.30% of the stock is currently owned by institutional investors.

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About Century Communities

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.

Analyst Recommendations for Century Communities (NYSE:CCS)

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