BTIG Research raised the price target for the Century Communities Inc. (NYSE:CCS) stock to “a Neutral”. The rating was released on November 29, 2022, according to finviz. We previously noted in another research note published on November 22, 2022 by JP Morgan that downgraded the stock from an Overweight to an Underweight with a price target of $48 for CCS stock. The research report from B. Riley Securities has downgraded the stock from Buy to Neutral, with a price target set at $44. The stock was initiated by Wells Fargo, who disclosed in a research note on April 16, 2021, to Overweight and set the price objective to $65. In their research brief published February 05, 2021, Wedbush analysts upgraded the Century Communities Inc. stock from Neutral to Outperform with a price target of $64.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Century Communities Inc. (NYSE:CCS) dipped -0.27% to close Friday’s market session at $58.93, lower as compared to yesterday’s close. The stock price fluctuated between $58.68 and $59.92 throughout the trading session with the volume trading being 973518 shares, which represented a significant variation when compared to the three months average volume of 281.53K shares. The firm’s stock price fluctuated 1.69% within the last five trades and -6.90% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 35.19% in the last 6 months and 9.62% was added to its value over the previous 3 months. CCS stock is trading at a margin of -0.48%, -0.98% and 16.11% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, CCS deals in the Consumer Cyclical domain. The stock is trading -9.87 percent below its 52-week high and 51.10 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 4.33. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Century Communities Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 16.60 percent and the profit margin is 11.70 percent, and the company has reported a gross margin of 26.40 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $1.91 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Century Communities Inc. (NYSE:CCS) is 3.71. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 6.98. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.42 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 0.87, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 3.70 percent of Century Communities Inc. shares are owned by insiders, and 90.60 percent are held by financial institutions. Francescon Dale, the Chairman and Co-CEO at Century Communities Inc. (CCS) has sold 75,000 shares of firm on Feb 15 at a price of $63.53 against the total amount of $4.77 million. In another inside trade, Francescon Robert J, Co-CEO, President of Century Communities Inc. (NYSE:CCS) sold 75,000 shares of the firm on Feb 15 for a total worth of $4.77 million at a price of $63.53. An inside trade which took place on Feb 14, Co-CEO, President of Century Communities Inc. Francescon Robert J sold 25,000 shares of firm against total price of $1.6 million at the cost of $64.05 per share.