Century Communities (NYSE:CCS) Rating Increased to Neutral at JPMorgan Chase & Co.

Century Communities (NYSE:CCS) was upgraded by investment analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a note issued to investors on Friday,Finviz reports. The firm currently has a $97.00 target price on the construction company’s stock, down from their prior target price of $110.00. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 14.39% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Wedbush raised their target price on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Finally, B. Riley reissued a “buy” rating and issued a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a report on Thursday, October 24th.

Century Communities Trading Down 0.0 %

Shares of Century Communities stock opened at $84.80 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. The stock has a fifty day simple moving average of $91.39 and a 200 day simple moving average of $91.83. Century Communities has a 12-month low of $74.76 and a 12-month high of $108.42. The company has a market capitalization of $2.66 billion, a P/E ratio of 8.45 and a beta of 1.87.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm posted $2.58 EPS. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Century Communities will post 10.95 earnings per share for the current fiscal year.

Institutional Trading of Century Communities

Institutional investors and hedge funds have recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new position in shares of Century Communities during the 3rd quarter valued at about $51,000. Signaturefd LLC lifted its holdings in Century Communities by 11.2% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after buying an additional 115 shares during the period. GAMMA Investing LLC grew its position in shares of Century Communities by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after buying an additional 287 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Century Communities during the third quarter valued at approximately $144,000. Finally, Innealta Capital LLC bought a new position in shares of Century Communities during the second quarter valued at approximately $162,000. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Company Profile

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.