Citi's bullish thesis is based on the following:
- "The company's solid low double digit ROE profile, which more than covers its cost of capital."
- "Favorable forward expectations including a ~20 percent 2016–18E EPS CAGR and mid-teens accretion (CAGR) to TBV for that same period."
- "Management's incentive to continue the profitable growth trajectory, given high (i.e. ~27 percent of total) insider ownership."
Randow set a price target of $23 on the stock, which implies a potential upside of 16.81 percent from the company's previous close.
At time of writing, shares of Century Communities were up 0.66 percent to $19.82.
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