CalAtlantic Group, Inc. Common (NYSE:CAA).
On September 20, 2016 Wedbush began coverage of the stock giving it an initial rating of “Outperform” and setting a price target of $44.00. On August 12 the stock rating was upgraded from “Underperform” to “Buy” in a statement from Bank of America.
On July 19 analysts at RBC Capital released its first research report on the stock with an initial rating of “Outperform”. On July 11, 2016 the stock rating was set at “Buy” in a report from MKM Partners up from the previous “” rating.
On May 13 the company was upgraded to “Outperform” from “” and a price target of $39.00 was set by analysts at Raymond James.
The company is so far trading up from yesterday’s close of $34.14. CalAtlantic Group, Inc. Common also recently declared a dividend that will be paid on Friday September 30th, 2016. The dividend will be $0.040 per share for the quarter which is $0.16 annualized. The dividend yield will be $0.47. The ex-dividend date will be Tuesday the 13th of September 2016.
It is currently trading at $34.19 which is just under $35.49, the 50 day moving average and just below the 200 day moving average of $35.57. The 50 day moving average was down by -3.66% and the 200 day average was down $-1.38.
The P/E ratio is currently 13.55 and the market value is 4.05B. In the latest earnings report the EPS was $2.52 and is expected to be $3.47 for the current year with 118,398,000 shares currently outstanding. Next quarter’s EPS is estimated at $1.19 and the next full year EPS is projected to be $4.10.