CalAtlantic Group Inc (CAA) Given Consensus Rating of “Hold” by Brokerages

CalAtlantic Group Inc (NYSE:CAA) has earned an average rating of “Hold” from the sixteen research firms that are currently covering the firm, Marketbeat.com reports. Thirteen equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $56.63.

A number of research analysts recently issued reports on CAA shares. Credit Suisse Group restated a “neutral” rating and set a $63.00 price objective (up previously from $51.00) on shares of CalAtlantic Group in a report on Monday, January 22nd. They noted that the move was a valuation call. Mizuho set a $64.00 price objective on shares of CalAtlantic Group and gave the company a “hold” rating in a report on Thursday, January 18th. ValuEngine upgraded shares of CalAtlantic Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th. Wedbush boosted their price objective on shares of CalAtlantic Group from $51.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, December 29th. Finally, UBS upped their price target on shares of CalAtlantic Group from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th.

Several institutional investors have recently added to or reduced their stakes in CAA. New York State Common Retirement Fund boosted its holdings in shares of CalAtlantic Group by 22.5% in the third quarter. New York State Common Retirement Fund now owns 190,922 shares of the industrial goods maker’s stock valued at $6,993,000 after buying an additional 35,100 shares during the period. Legal & General Group Plc boosted its holdings in CalAtlantic Group by 35.1% during the third quarter. Legal & General Group Plc now owns 93,198 shares of the industrial goods maker’s stock worth $3,414,000 after purchasing an additional 24,194 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in CalAtlantic Group by 3.1% during the third quarter. Wells Fargo & Company MN now owns 144,841 shares of the industrial goods maker’s stock worth $5,305,000 after purchasing an additional 4,314 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in CalAtlantic Group by 12.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 410,882 shares of the industrial goods maker’s stock worth $15,051,000 after purchasing an additional 45,164 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in CalAtlantic Group by 3.7% during the third quarter. California State Teachers Retirement System now owns 134,920 shares of the industrial goods maker’s stock worth $4,942,000 after purchasing an additional 4,840 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

NYSE CAA traded up $0.41 during trading on Friday, reaching $53.12. 17,976,299 shares of the stock traded hands, compared to its average volume of 2,215,714. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.29 and a current ratio of 5.91. CalAtlantic Group has a fifty-two week low of $33.56 and a fifty-two week high of $64.60.

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.

Analyst Recommendations for CalAtlantic Group (NYSE:CAA)

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