Civitas Solutions Inc. (CIVI) Receives $30.00 Consensus PT from Analysts
Civitas Solutions Inc. (NYSE:CIVI) has been given a consensus rating of “Buy” by the eight ratings firms that are covering the firm. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $30.00.
Several brokerages have commented on CIVI. Zacks Investment Research upgraded Civitas Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday. Raymond James Financial Inc. downgraded Civitas Solutions from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 11th. Finally, Citigroup Inc. downgraded Civitas Solutions to a “market perform” rating in a research note on Thursday, August 11th.
Civitas Solutions (NYSE:CIVI) opened at 18.53 on Tuesday. The company’s 50-day moving average price is $18.14 and its 200 day moving average price is $19.61. The stock has a market capitalization of $688.04 million, a PE ratio of 63.68 and a beta of 0.45. Civitas Solutions has a 52-week low of $15.19 and a 52-week high of $30.23.
Civitas Solutions (NYSE:CIVI) last issued its earnings results on Tuesday, August 9th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.20 by $0.07. Civitas Solutions had a net margin of 0.77% and a return on equity of 10.98%. The business had revenue of $354 million for the quarter, compared to analysts’ expectations of $357.48 million. During the same quarter in the prior year, the business posted $0.04 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts forecast that Civitas Solutions will post $0.36 EPS for the current fiscal year.
In other Civitas Solutions news, insider Dwight D. Robson sold 4,154 shares of the firm’s stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $23.03, for a total transaction of $95,666.62. Following the sale, the insider now directly owns 162,957 shares of the company’s stock, valued at $3,752,899.71. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Denis M. Holler sold 5,000 shares of the firm’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $23.04, for a total value of $115,200.00. Following the sale, the chief financial officer now directly owns 363,261 shares in the company, valued at $8,369,533.44. The disclosure for this sale can be found here. 7.30% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of CIVI. Bank of Montreal Can acquired a new stake in Civitas Solutions during the second quarter worth approximately $8,071,000. TimesSquare Capital Management LLC boosted its stake in Civitas Solutions by 17.8% in the first quarter. TimesSquare Capital Management LLC now owns 1,914,505 shares of the company’s stock worth $33,370,000 after buying an additional 288,705 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Civitas Solutions by 282.4% in the second quarter. JPMorgan Chase & Co. now owns 388,875 shares of the company’s stock worth $8,100,000 after buying an additional 287,175 shares in the last quarter. Cortina Asset Management LLC boosted its stake in Civitas Solutions by 41.8% in the second quarter. Cortina Asset Management LLC now owns 903,587 shares of the company’s stock worth $18,822,000 after buying an additional 266,217 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Civitas Solutions by 128.0% in the first quarter. Nuveen Asset Management LLC now owns 250,601 shares of the company’s stock worth $4,368,000 after buying an additional 140,690 shares in the last quarter. 94.58% of the stock is currently owned by institutional investors and hedge funds.
About Civitas Solutions
Civitas Solutions, Inc is a provider of home and community-based health and human services to individuals with intellectual, developmental, physical or behavioral disabilities and other special needs. The Company’s clinicians and caregivers develop customized service plans, delivered in non-institutional settings, designed to address a range of often life-long conditions.
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