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

Century Communities Inc (NYSE:CCS) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $35.88.

CCS has been the topic of a number of recent research reports. Wedbush restated an “outperform” rating and issued a $30.00 target price (down previously from $42.00) on shares of Century Communities in a research note on Monday. They noted that the move was a valuation call. Zacks Investment Research downgraded Century Communities from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. JPMorgan Chase & Co. downgraded Century Communities from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $38.50 to $31.50 in a research note on Friday, September 21st. Finally, ValuEngine downgraded Century Communities from a “hold” rating to a “sell” rating in a research note on Saturday, September 22nd.

Shares of CCS stock traded up $0.32 on Thursday, reaching $21.54. 14,212 shares of the company’s stock traded hands, compared to its average volume of 618,500. Century Communities has a 12-month low of $20.21 and a 12-month high of $36.00. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $641.84 million, a price-to-earnings ratio of 7.60 and a beta of 0.99.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, September 5th. The construction company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.22. Century Communities had a return on equity of 14.40% and a net margin of 4.36%. On average, sell-side analysts predict that Century Communities will post 4.49 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Frontier Capital Management Co. LLC lifted its position 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 last quarter. Russell Investments Group Ltd. raised its holdings in shares of Century Communities by 32.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 384,685 shares of the construction company’s stock worth $10,097,000 after buying an additional 93,292 shares in the last quarter. Skylands Capital LLC grew its position in Century Communities by 9.2% during the 3rd quarter. Skylands Capital LLC now owns 162,650 shares of the construction company’s stock worth $4,270,000 after acquiring an additional 13,750 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in Century Communities by 33.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 39,745 shares of the construction company’s stock worth $1,043,000 after acquiring an additional 10,000 shares during the last quarter. Finally, United Services Automobile Association bought a new stake in Century Communities during the 2nd quarter worth approximately $270,000. 80.99% of the stock is owned by institutional investors and hedge funds.

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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