Brokerages Set Century Communities, Inc (CCS) PT at $25.50

Century Communities, Inc (NYSE:CCS) has been given a consensus recommendation of “Buy” by the seven research firms that are covering the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $25.50.

CCS has been the topic of several recent analyst reports. Zacks Investment Research downgraded Century Communities from a “buy” rating to a “hold” rating in a research report on Thursday, February 16th. Wedbush reiterated an “outperform” rating and set a $30.00 target price on shares of Century Communities in a research report on Wednesday, February 15th. Finally, FBR & Co increased their target price on Century Communities from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, February 23rd.

Century Communities (NYSE:CCS) opened at 25.35 on Monday. Century Communities has a 52-week low of $15.18 and a 52-week high of $25.55. The firm has a market capitalization of $547.76 million, a P/E ratio of 10.88 and a beta of 1.09. The firm has a 50-day moving average price of $23.34 and a 200 day moving average price of $21.43.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Tuesday, February 14th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The business had revenue of $292.40 million for the quarter, compared to analyst estimates of $270.36 million. Century Communities had a return on equity of 11.19% and a net margin of 5.27%. The business’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 earnings per share. Analysts forecast that Century Communities will post $2.75 EPS for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the company. Boston Partners increased its position in Century Communities by 17.5% in the third quarter. Boston Partners now owns 723,109 shares of the company’s stock valued at $15,554,000 after buying an additional 107,608 shares during the period. Dimensional Fund Advisors LP increased its position in Century Communities by 24.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 580,406 shares of the company’s stock valued at $12,189,000 after buying an additional 113,719 shares during the period. Elk Creek Partners LLC increased its position in Century Communities by 8.6% in the second quarter. Elk Creek Partners LLC now owns 542,167 shares of the company’s stock valued at $9,401,000 after buying an additional 43,148 shares during the period. Foresters Investment Management Company Inc. increased its position in Century Communities by 6.9% in the fourth quarter. Foresters Investment Management Company Inc. now owns 403,000 shares of the company’s stock valued at $8,322,000 after buying an additional 26,000 shares during the period. Finally, Basswood Capital Management L.L.C. increased its position in Century Communities by 7.4% in the fourth quarter. Basswood Capital Management L.L.C. now owns 358,085 shares of the company’s stock valued at $7,520,000 after buying an additional 24,735 shares during the period. Hedge funds and other institutional investors own 63.57% of the company’s stock.

About Century Communities

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