WCI Communities, Inc. Common St (NYSE:WCIC):
WCI COMMUNITIES INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of WCI Communities, Inc..
In the market the company is trading down since yesterday’s close of $23.84.
The stock last traded at $23.72 which is just over the 50 day moving average of $18.41 and slightly over the 200 day moving average of $17.66. The 50 day moving average went up $5.34 or +28.98% and the 200 day average went up by +34.45%.
The most current P/E ratio is 17.61 and market capitalization is 625.53M. In the last earnings report the EPS was $1.35 and is expected to be $1.35 for the current year with 26,338,000 shares presently outstanding. Next quarter’s EPS is expected be $0.44 with next year’s EPS anticipated to be $1.92.
A few investment analysts have released ratings on WCI Communities, Inc. Common St. Equity analyst Wedbush started coverage giving it an initial rating of “Neutral” and projecting a price target of $21.00. On August 31 analysts at JMP Securities started covering WCIC with a rating of “Outperform”.
On April 28 the company was downgraded to “Outperform” from “” in a report issued by Raymond James. February 18 investment analysts at Credit Suisse made no change to the stock rating of “Outperform” but lowered the price target from $24.00 to $22.00.
On January 13 the stock rating was upgraded from “Underweight” to “Neutral” in a report from JP Morgan. On February 27, 2015 the stock rating was rated “Neutral” by Citigroup which was a cut from the previous “Buy” rating.