The stock of Century Communities, Inc (NYSE:CCS) hit a new 52-week high and has $22.42 target or 5.00% above today’s $21.35 share price. The 6 months bullish chart indicates low risk for the $449.12M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $22.42 price target is reached, the company will be worth $22.46 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock last traded at $21.35 per share. It is down 14.29% since April 22, 2016 and is uptrending. It has outperformed by 8.88% the S&P500.
Analysts await Century Communities, Inc (NYSE:CCS) to report earnings on February, 16. They expect $0.66 EPS, up 6.45% or $0.04 from last year’s $0.62 per share. CCS’s profit will be $13.88M for 8.09 P/E if the $0.66 EPS becomes a reality. After $0.63 actual EPS reported by Century Communities, Inc for the previous quarter, Wall Street now forecasts 4.76% EPS growth.
Century Communities, Inc (NYSE:CCS) Ratings Coverage
Out of 4 analysts covering Century Communities (NYSE:CCS), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Century Communities has been the topic of 7 analyst reports since August 12, 2015 according to StockzIntelligence Inc. As per Wednesday, August 12, the company rating was upgraded by Zacks. The rating was initiated by Wedbush on Tuesday, September 20 with “Outperform”. Citigroup initiated it with “Buy” rating and $23 target price in Thursday, September 1 report. Deutsche Bank maintained the stock with “Buy” rating in Monday, May 16 report.
According to Zacks Investment Research, “Century Communities, Inc. is a home building and construction company. Its activities comprise land acquisition, development, and entitlements; and the acquisition, development, construction, marketing, and sale of various single-family detached and attached residential home projects. The Company operates in major metropolitan markets in Colorado, Texas and Nevada. Century Communities, Inc. is based in Greenwood Village, Colorado.”
More news for Century Communities, Inc (NYSE:CCS) were recently published by: Bizjournals.com, which released: “Colorado’s Century Communities buys 50% stake in North Carolina homebuilder” on November 02, 2016. Businesswire.com‘s article titled: “Century Communities Starts New Homebuilding Division in Salt Lake City, Utah” and published on May 04, 2016 is yet another important article.
CCS Company Profile
Century Communities, Inc., incorporated on April 30, 2013, is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes. The Firm offers attached and detached homes in metropolitan areas in Colorado, Austin and San Antonio, Texas (which the Company refers to as Central Texas), Houston, Texas, Las Vegas, Nevada and Atlanta, Georgia. The Company’s homebuilding activities are organized into five divisions: Atlanta, Central Texas, Colorado, Houston and Nevada. In many of its projects, in addition to building homes, the Company is also responsible for the entitlement and development of the underlying land.
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