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J.P. Morgan downgrades Century Communities (CCS) to a Sell
In a report released on December 31, Andrew Azzi from J.P. Morgan downgraded Century Communities to a Sell, with a price target of $56.00. The company’s shares closed last Friday at $59.35.
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Century Communities has an analyst consensus of Hold, with a price target consensus of $70.00.
Based on Century Communities’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $980.28 million and a net profit of $37.4 million. In comparison, last year the company earned a revenue of $1.14 billion and had a net profit of $83.02 million
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