Deutsche Bank Boosts Century Communities (CCS) Price Target to $40.00

Century Communities (NYSE:CCS) had its price objective increased by analysts at Deutsche Bank from $33.00 to $40.00 in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the construction company’s stock. Deutsche Bank’s price target points to a potential upside of 27.71% from the stock’s previous close.

Several other equities analysts also recently commented on CCS. B. Riley reaffirmed a “buy” rating on shares of Century Communities in a research report on Friday, November 3rd. Zacks Investment Research raised Century Communities from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Wedbush increased their price target on Century Communities from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, December 29th. Finally, ValuEngine raised Century Communities from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $36.64.

Shares of Century Communities (CCS) traded down $0.08 during trading on Thursday, reaching $31.32. The company’s stock had a trading volume of 106,803 shares, compared to its average volume of 322,159. The company has a market cap of $807.89, a P/E ratio of 15.49 and a beta of 1.11. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.19. Century Communities has a 12 month low of $21.90 and a 12 month high of $36.00.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Tuesday, February 13th. The construction company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.40. The company had revenue of $518.79 million for the quarter, compared to the consensus estimate of $507.29 million. Century Communities had a return on equity of 12.73% and a net margin of 3.55%. equities analysts anticipate that Century Communities will post 3.83 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Century Communities during the 3rd quarter worth $120,000. First Mercantile Trust Co. bought a new position in shares of Century Communities during the 4th quarter worth $145,000. Fox Run Management L.L.C. bought a new position in shares of Century Communities during the 4th quarter worth $202,000. Teacher Retirement System of Texas purchased a new stake in shares of Century Communities during the 4th quarter worth $202,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of Century Communities during the 2nd quarter worth $216,000. 64.31% of the stock is currently owned by institutional investors and hedge funds.

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Century Communities Company Profile

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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