Century Communities (NYSE:CCS) Upgraded by JPMorgan Chase & Co. to Neutral Rating

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 brokerage presently has a $97.00 price target on the construction company’s stock, down from their prior price target of $110.00. JPMorgan Chase & Co.‘s target price points to a potential upside of 14.39% from the stock’s current price.

A number of other brokerages also recently issued reports on CCS. Wedbush raised their price objective on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Finally, B. Riley reiterated a “buy” rating and set a $119.00 price objective (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th.

Century Communities Stock Performance

Shares of CCS stock opened at $84.80 on Friday. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 8.45 and a beta of 1.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. Century Communities has a 52 week low of $74.76 and a 52 week high of $108.42. The company has a 50-day simple moving average of $91.39 and a 200 day simple moving average of $91.83.

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

Institutional Trading of Century Communities

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCS. Ausbil Investment Management Ltd acquired a new stake in Century Communities in the third quarter valued at approximately $618,000. Seven Eight Capital LP acquired a new stake in Century Communities in the 2nd quarter valued at $624,000. Quest Partners LLC grew its position in Century Communities by 314.1% in the 3rd quarter. Quest Partners LLC now owns 14,274 shares of the construction company’s stock valued at $1,470,000 after purchasing an additional 10,827 shares during the period. Point72 Asset Management L.P. increased its stake in Century Communities by 15.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 41,733 shares of the construction company’s stock valued at $3,408,000 after purchasing an additional 5,733 shares in the last quarter. Finally, Pier Capital LLC raised its holdings in Century Communities by 33.0% during the second quarter. Pier Capital LLC now owns 99,171 shares of the construction company’s stock worth $8,098,000 after buying an additional 24,630 shares during the last quarter. 99.54% of the stock is owned by institutional investors.

About Century Communities

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.