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

Century Communities (NYSE:CCS) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report released on Friday, Marketbeat Ratings reports. The brokerage presently has a $97.00 price objective on the construction company’s stock, down from their previous price objective of $110.00. JPMorgan Chase & Co.‘s target price suggests a potential upside of 17.23% from the stock’s current price.

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

Century Communities Stock Performance

Shares of CCS stock opened at $82.74 on Friday. 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 firm has a market cap of $2.59 billion, a price-to-earnings ratio of 8.25 and a beta of 1.87. Century Communities has a 52 week low of $74.76 and a 52 week high of $108.42. The firm’s 50-day simple moving average is $91.07 and its two-hundred day simple moving average is $91.82.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.16. The business 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 revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.58 earnings per share. As a group, equities analysts forecast that Century Communities will post 10.95 earnings per share for the current year.

Hedge Funds Weigh In On Century Communities

A number of large investors have recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new position in shares of Century Communities during the 3rd quarter valued at $51,000. Signaturefd LLC grew its position in Century Communities by 11.2% during the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after buying an additional 115 shares in the last quarter. GAMMA Investing LLC increased its stake in Century Communities by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after acquiring an additional 287 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Century Communities in the 3rd quarter valued at about $144,000. Finally, Innealta Capital LLC bought a new stake in shares of Century Communities during the 2nd quarter valued at about $162,000. 99.54% of the stock is currently 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.