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CalAtlantic Group Inc (NYSE:CAA) has been downgraded to Neutral in a statement by Bank of America Corp earlier today.

Bank of America Corp has downgraded CalAtlantic Group Inc (NYSE:CAA) to Neutral in a statement released on Thursday June 08, 2017.

Boasting a price of $35.44, CalAtlantic Group Inc (NYSE:CAA) traded -0.66% lower on the day. With the last stock price close down 4.81% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. CalAtlantic Group Inc has recorded a 50-day average of $35.58 and a two hundred day average of $36.10. Volume of trade was down over the average, with 781,327 shares of CAA changing hands under the typical 963,551

Performance Chart

CalAtlantic Group Inc (NYSE:CAA)

With a total market value of $0, CalAtlantic Group Inc has price-earnings ratio of 10.41 with a one year low of $30.18 and a one year high of $38.63 .

A total of 10 equity analysts have released a ratings update on CAA. One equity analyst rating the company a strong buy, five equity analysts rating the company a buy, seven equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $39.60.

Brief Synopsis About CalAtlantic Group Inc (NYSE:CAA)

CalAtlantic Group, Inc. is a diversified builder of single-family attached and detached homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment operations include acquiring and developing land, and constructing and selling single-family attached and detached homes. The Financial Services segment includes mortgage financing operation, which provides mortgage financing to its homebuyers in the markets, in which it operates, and sells all of the loans it originates in the secondary mortgage market. As of December 31, 2016, the Company built homes in communities that meet the desires of customers across the homebuilding spectrum, from entry level to luxury, in over 40 metropolitan statistical areas spanning 17 states and the District of Columbia. The Company also provides mortgage, title and escrow services. The Company provides mortgage loans to its homebuyers through its mortgage financing subsidiary, CalAtlantic Mortgage.

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