Zacks Investment Research downgraded CalAtlantic Group Inc (NYSE:CAA) to Sell in a report released today.
- Updated: October 11, 2016
Zacks Investment Research has downgraded CalAtlantic Group Inc (NYSE:CAA) to Sell in a report released on 10/11/2016.
Just yesterday CalAtlantic Group Inc (NYSE:CAA) traded 0.15% higher at $33.25. CalAtlantic Group Inc’s 50-day moving average is $34.78 and its 200-day moving average is $35.65. The last closing price is down -6.73% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,812,885 shares of CAA traded hands, up from an average trading volume of 1,341,400
Recent Performance Chart
CalAtlantic Group Inc has 52 week low of $26.97 and a 52 week high of $43.24 with a PE ratio of 13.18 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 10 brokerages have issued a ratings update on CalAtlantic Group Inc. The 12-month price target is $39.60 with one brokerage rating the company a strong buy, five firms rating the stock a buy, 7 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 equity analysts rating the company a sell.
Brief Synopsis About CalAtlantic Group Inc (NYSE:CAA)
CalAtlantic Group, Inc., formerly Standard Pacific Corp., is a diversified builder of single-family attached and detached homes. The Company operates through two segments: homebuilding and financial services. The Company's homebuilding segment operations include acquiring and developing land, and constructing and selling single-family attached and detached homes. The Company's 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. It builds 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 approximately 20 states and the District of Columbia. The Company is also engaged in providing title and escrow services.
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