Somewhat Positive Press Coverage Somewhat Unlikely to Impact CalAtlantic Group (CAA) Share Price

News coverage about CalAtlantic Group (NYSE:CAA) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CalAtlantic Group earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned media coverage about the industrial goods maker an impact score of 44.4842052594877 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Several research analysts recently commented on the stock. B. Riley reaffirmed a “neutral” rating on shares of CalAtlantic Group in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of CalAtlantic Group from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Tuesday, January 9th. MKM Partners downgraded shares of CalAtlantic Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 31st. Wedbush downgraded shares of CalAtlantic Group from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $41.00 to $51.00 in a research note on Tuesday, October 31st. Finally, UBS Group assumed coverage on shares of CalAtlantic Group in a research note on Wednesday, October 25th. They issued a “neutral” rating and a $42.00 price target on the stock. Thirteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $55.22.

CalAtlantic Group (NYSE CAA) remained flat at $$53.12 during mid-day trading on Friday. The stock has a market capitalization of $6,170.00 and a P/E ratio of 15.76. CalAtlantic Group has a 12 month low of $33.56 and a 12 month high of $64.60. The company has a current ratio of 5.91, a quick ratio of 0.29 and a debt-to-equity ratio of 0.80.

In other CalAtlantic Group news, EVP John Patrick Babel sold 12,000 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $52.48, for a total transaction of $629,760.00. Following the transaction, the executive vice president now directly owns 33,603 shares in the company, valued at approximately $1,763,485.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Larry T. Nicholson sold 78,342 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $52.55, for a total transaction of $4,116,872.10. Following the transaction, the chief executive officer now owns 693,033 shares in the company, valued at $36,418,884.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 155,342 shares of company stock worth $8,339,182. 39.50% of the stock is owned by company insiders.

COPYRIGHT VIOLATION WARNING: This report was reported by Week Herald and is the sole property of of Week Herald. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://weekherald.com/2018/02/19/somewhat-positive-press-coverage-somewhat-unlikely-to-impact-calatlantic-group-caa-share-price.html.

About CalAtlantic Group

CalAtlantic Group, Inc is a diversified builder of single-family attached and detached homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment operations include acquiring and developing land, and constructing and selling single-family attached and detached homes.

Insider Buying and Selling by Quarter for CalAtlantic Group (NYSE:CAA)

Receive News & Ratings for CalAtlantic Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CalAtlantic Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply