Impact of Brokerage Rating on CalAtlantic Group, Inc.(CAA)

Many CalAtlantic Group, Inc.(CAA) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. CalAtlantic Group Inc was Initiated by Barclays on Jan 6, 2017 to Underweight, Price Target of the shares are set at $34.

Company has reported several Insider transactions to the SEC, on Sep 16, 2016, Wendy L Marlett (CMO & EVP Sales & Marketing) sold 18,000 shares at 34.51 per share price.On Feb 26, 2016, Larry T Nicholson (President & CEO) sold 78,342 shares at 29.00 per share price.On Nov 23, 2015, Peter G Skelly (EVP & Chief Operating Officer) sold 13,587 shares at 41.33 per share price.

CalAtlantic Group Inc Last issued its quarterly earnings results on Oct 26, 2016. The company reported $0.97 EPS for the quarter, missing the analyst consensus estimate by $ -0.20. Analyst had a consensus of $1.17. The company had revenue of $1665.03 million for the quarter, compared to analysts expectations of $1964.24 million. The companys revenue was up 166.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.

CalAtlantic Group, Inc. (NYSE:CAA) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.8 by 10 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.

CalAtlantic Group, Inc. (NYSE:CAA): The stock price is expected to reach $ 41.5 in the short term. The number of analysts agreeing with this consensus is 8. The higher estimate for the short term price target is at $45 while the lower estimate is at $36. The standard deviation of the price stands at $3.07.

CalAtlantic Group, Inc. (NYSE:CAA) witnessed a decline in the market cap on Tuesday as its shares dropped 0.61% or 0.21 points. After the session commenced at $34.05, the stock reached the higher end at $34.33 while it hit a low of $33.92. With the volume soaring to 873,391 shares, the last trade was called at $34.09. The company has a 52-week high of $40.94. The company has a market cap of $3,956 million and there are 116,036,411 shares in outstanding. The 52-week low of the share price is $26.97.

CalAtlantic Group, Inc. operates as a homebuilder. The company offers crafted homes. It also provides mortgage financing services to its homebuyers; and title examination services. Calatlantic Group Inc., formerly known as Standard Pacific Corp., is headquartered in Irvine, California.


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