Trader Alert: Unusual Volume Spotted in CalAtlantic Group, Inc. (NYSE:CAA)

Wednesday, 01 Nov, 2017

The P/E ratio is 13.504 and the market cap of the company is 5.41B. For CAA, the company now has $129.07 Million of cash on the books, which is offset by $120.13 Million current liabilities. The company offers crafted homes. Finally, Wedbush reaffirmed an ourperform rating and issued a $41.00 price target on shares of CalAtlantic Group in a report on Monday, July 31st. One equity analyst rating the company a strong buy, five equity analysts rating the company a buy, seven equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $39.60. This is the average number based on the total brokerage firms taken into consideration by Beta Systems Research. 1 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell.

Stockholders of CalAtlantic are expected to own 26 percent of the combined company, if the merger is cleared by the Federal Trade Commission and approved by both companies' shareholders. The companies had $17 billion in revenue over the last 12 months. The construction company reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.78 by ($0.03).

Analysts believe that the company has the potential to earn average revenue of $1.59 Billion for the current quarter. The analysts estimated mean EPS at 0.71 while the high and low EPS estimate stand at 0.81 and 0.58 respectively.

Now the stock price is moving 20.86% off from the highest level of twelve months and +46.22% above from twelve months low. CalAtlantic Group, Inc. (NYSE:CAA) has a 20-Day average volume of 1.67 Million.

However the company's price to cash per share for most recent quarter stands at 20.43. The 100-Day trend also shows a BULLISH trend as well. At the time of writing, the stock is trading at $49.07, a change of 21.31% from the previous close. Over the trailing year, the stock is underperforming the S&P 500 by 22.23, and it's gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. On October 25 analysts at UBS started covering the stock setting a rating of "Neutral". CalAtlantic Group, Inc. The stock has a 50-day moving average of $37.50 and a 200 day moving average of $36.31. The Stock has YTD (year to date) performance of 44.28 percent.

The industry and sector ratio of Price to Cash Flow ticked at 6.5 and 9.95 respectively. The 50 day moving average was up $11.58 or +30.875% whereas the 200 day average was up by +35.164%.