JPMorgan Chase & Co. Upgrades Century Communities (NYSE:CCS) to "Neutral"

Century Communities (NYSE:CCS - Get Free Report) was upgraded by JPMorgan Chase & Co. from an "underweight" rating to a "neutral" rating in a report released on Friday, Marketbeat.com reports. The firm presently has a $97.00 target price on the construction company's stock, down from their previous target price of $110.00. JPMorgan Chase & Co.'s target price indicates a potential upside of 17.26% from the stock's current price.

Several other analysts also recently commented on the company. B. Riley reiterated a "buy" rating and set a $119.00 target price (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Wedbush lifted their price objective on Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Finally, StockNews.com cut shares of Century Communities from a "hold" rating to a "sell" rating in a research note on Thursday, December 5th.

Century Communities Stock Down 2.4 %

Shares of Century Communities stock traded down $2.06 during midday trading on Friday, hitting $82.72. The company had a trading volume of 207,264 shares, compared to its average volume of 302,022. Century Communities has a 52-week low of $74.76 and a 52-week high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $2.59 billion, a P/E ratio of 8.45 and a beta of 1.87. The company has a 50 day moving average of $91.39 and a 200 day moving average of $91.83.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.16. The firm had revenue of $1.10 billion during 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%. Century Communities's quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.58 EPS. On average, equities analysts predict that Century Communities will post 10.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Century Communities

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

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.