ValuEngine Downgrades Civitas Solutions (CIVI) to Sell

Civitas Solutions (NYSE:CIVI) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Other analysts have also recently issued research reports about the stock. Raymond James Financial raised shares of Civitas Solutions from a “market perform” rating to an “outperform” rating in a research note on Friday, February 2nd. Citigroup raised shares of Civitas Solutions to an “outperform” rating and set a $21.00 target price on the stock in a research note on Friday, February 2nd. They noted that the move was a valuation call. SunTrust Banks set a $21.00 target price on shares of Civitas Solutions and gave the company a “buy” rating in a research note on Thursday, December 21st. Zacks Investment Research cut shares of Civitas Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. Finally, Bank of America reduced their price target on shares of Civitas Solutions from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Civitas Solutions currently has a consensus rating of “Hold” and a consensus price target of $20.00.

NYSE CIVI opened at $15.00 on Thursday. The stock has a market capitalization of $559.45, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 1.76 and a beta of 0.55. Civitas Solutions has a twelve month low of $11.15 and a twelve month high of $19.90. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 3.99.



Civitas Solutions (NYSE:CIVI) last posted its earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.17. The business had revenue of $395.42 million for the quarter, compared to analysts’ expectations of $390.05 million. Civitas Solutions had a net margin of 0.76% and a return on equity of 19.77%. research analysts anticipate that Civitas Solutions will post 0.85 earnings per share for the current fiscal year.

Civitas Solutions declared that its board has approved a share buyback plan on Thursday, February 8th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

A number of large investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC acquired a new position in Civitas Solutions in the fourth quarter valued at about $110,000. Macquarie Group Ltd. acquired a new position in Civitas Solutions in the fourth quarter valued at about $112,000. Stone Ridge Asset Management LLC acquired a new position in Civitas Solutions in the fourth quarter valued at about $368,000. Cornercap Investment Counsel Inc. boosted its position in Civitas Solutions by 6.7% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 89,810 shares of the company’s stock valued at $1,536,000 after buying an additional 5,665 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in Civitas Solutions by 104.7% in the fourth quarter. Deutsche Bank AG now owns 41,593 shares of the company’s stock valued at $709,000 after buying an additional 21,275 shares in the last quarter. Hedge funds and other institutional investors own 94.61% of the company’s stock.

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Civitas Solutions Company Profile

Civitas Solutions, Inc provides home- and community-based health and human services to must-serve individuals with intellectual, developmental, behavioral, and/or medically complex disabilities and challenges in the United States. It operates through Intellectual and Developmental Disabilities (I/DD), Post-Acute Specialty Rehabilitation Services (SRS), and At-Risk Youth (ARY) segments.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Civitas Solutions (NYSE:CIVI)

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