Shares of CalAtlantac Group Inc. (NYSE:CAA) picked up a buy rating on Monday from MKM Partners. Currently, the stock carries three buy ratings, two overweights, six holds and one underweight among analysts surveyed by Dow Jones/Wall Street Journal.
CalAtlantic Group Inc. (NYSE:CAA) was upgraded by equities research analysts at MKM Partners from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday.
Shares of CalAtlantic Group (NYSE:CAA) opened at 39.76 on Monday. CalAtlantic Group has a 1-year low of $26.97 and a 1-year high of $46.75. The company has a market cap of $4.71 billion and a price-to-earnings ratio of 17.06. The stock has a 50 day moving average of $36.80 and a 200 day moving average of $33.68.
CalAtlantic Group (NYSE:CAA) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.23 billion. The company’s quarterly revenue was up 151.7% compared to the same quarter last year. Analysts predict that CalAtlantic Group will post $3.58 EPS for the current year.