Zacks Investment Research upgraded CalAtlantic Group Inc (NYSE:CAA) to Hold in a statement released earlier today.
- Updated: November 29, 2016
Yesterday CalAtlantic Group Inc (NYSE:CAA) traded 1.18% higher at $34.24. The company’s 50-day moving average is $32.26 and its 200-day moving average is $35.30. The last stock close price is down -3.01% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 1,403,755 shares of the stock were exchanged, down from an average trading volume of 1,474,720
Zacks Investment Research has upgraded CalAtlantic Group Inc (NYSE:CAA) to Hold in a report released on 11/29/2016.
Previously on 02/22/2016, MKM Partners reported about CalAtlantic Group Inc (NYSE:CAA) lowered the target price from $45.00 to $34.00. At the time, this indicated a possible upside of 0.22%.
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CalAtlantic Group Inc has a 52 week low of $26.97 and a 52 week high of $43.16 with a PE ratio of 11.84 CalAtlantic Group Inc’s total market value is presently $0.
A total of 10 brokerages have released a report on CAA. One equity analyst rating the company a strong buy, five analysts rating the company a buy, seven firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $39.60.
Brief Synopsis On 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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