B. Riley Initiates Coverage of Century Communities with a Buy Rating and $70 Price Target.

B. Riley initiates coverage of Century Communities (CCS) with a Buy rating and $70 price target. CCS is a homebuilder that has been growing its revenue and earnings over the past year. The analyst believes that CCS has a strong competitive position and a solid balance sheet, which makes it a good investment opportunity.

Century Communities (CCS), a leading national homebuilder, has been making strides in its expansion and growth, as evidenced by recent announcements of new residential communities. The company has launched sales at MiraVerde, a new development in Crowley, Texas, located 17 miles from downtown Fort Worth [1]. Additionally, Century Communities has scheduled the grand opening of Ironwood, a residential community in Southwest Las Vegas, for June 28, 2025 [2].

MiraVerde features single- and two-story homes ranging up to 2,260 square feet, with 3 to 4 bedrooms and 2 to 3 bathrooms. The development offers the Century Home Connect® smart home package and convenient access to I-35W. Buyers can utilize Century Communities' online homebuying platform to complete their purchase process entirely digitally [1].

Ironwood, located near Blue Diamond Road, will feature over 100 single-family homes with modern amenities, including 2 to 6 bedrooms and smart home technology. The development is strategically located to provide residents with quick access to several attractions such as UnCommons, Durango Casino & Resort, and the Red Rock Canyon National Conservation Area. The community also offers convenient commutes via I-15 and I-215 to the Las Vegas Strip or Harry Reid International Airport [2].

Analysts at B. Riley have initiated coverage of Century Communities with a Buy rating and a $70 price target. The analyst believes that CCS has a strong competitive position and a solid balance sheet, which makes it a good investment opportunity. The company's recent revenue and earnings growth further supports this view.

References:

[1] https://www.stocktitan.net/news/CCS/century-communities-now-selling-near-fort-worth-at-mira-u6iwayzzyenl.html
[2] https://www.gurufocus.com/news/2948893/century-communities-sets-june-grand-opening-for-new-homes-in-southwest-las-vegas-ccs-stock-news