Century Communities (NYSE:CCS) Price Target Cut to $49.00 by Analysts at JPMorgan Chase & Co.

Century Communities (NYSE:CCS) had its price target decreased by analysts at JPMorgan Chase & Co. from $56.00 to $49.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “underweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 22.70% from the company’s current price.

Several other research analysts have also recently weighed in on the stock. Citigroup began coverage on shares of Century Communities in a research note on Wednesday, January 21st. They set an “outperform” rating on the stock. Citizens Jmp started coverage on shares of Century Communities in a research report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a report on Wednesday, January 21st. Finally, B. Riley restated a “buy” rating on shares of Century Communities in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $74.75.

Century Communities Price Performance

Shares of NYSE CCS traded up $0.41 during mid-day trading on Monday, reaching $63.39. 83,030 shares of the company were exchanged, compared to its average volume of 283,446. The company’s 50 day moving average price is $63.10 and its 200 day moving average price is $62.56. The stock has a market capitalization of $1.86 billion, a PE ratio of 13.06 and a beta of 1.56. Century Communities has a 52 week low of $50.42 and a 52 week high of $78.05. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.43.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, January 28th. The construction company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.20. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.04 billion. Century Communities had a return on equity of 6.87% and a net margin of 3.58%.The firm’s revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.54 earnings per share. Sell-side analysts forecast that Century Communities will post 11.07 earnings per share for the current fiscal year.

Institutional Trading of Century Communities

A number of institutional investors have recently bought and sold shares of the stock. Traub Capital Management LLC acquired a new stake in shares of Century Communities during the 2nd quarter worth about $39,000. EverSource Wealth Advisors LLC increased its position in shares of Century Communities by 175.5% during the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after acquiring an additional 465 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after acquiring an additional 1,135 shares during the last quarter. State of Wyoming raised its stake in shares of Century Communities by 37.3% in the 3rd quarter. State of Wyoming now owns 1,644 shares of the construction company’s stock valued at $104,000 after acquiring an additional 447 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Century Communities in the 3rd quarter worth approximately $119,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

About Century Communities

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.