Brokerage Firm Rating Update on WCI Communities (WCIC)

WCI Communities (WCIC) : 3 brokerage houses believe that WCI Communities (WCIC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 4 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.25.

WCI Communities (WCIC) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $22 and the lowest price target forecast is $20. The average forecast of all the analysts is $21 and the expected standard deviation is $1.


For the current week, the company shares have a recommendation consensus of Buy. Also, JMP Securities initiates coverage on WCI Communities (NYSE:WCIC). JMP Securities has a Outperform rating on the shares. The rating by the firm was issued on August 31, 2016.

WCI Communities (NYSE:WCIC): The stock opened at $19.15 and touched an intraday high of $19.96 on Wednesday. During the day, the stock corrected to an intraday low of $19.1, however, the bulls stepped in and pushed the price higher to close in the green at $19.55 with a gain of 1.51% for the day. The total traded volume for the day was 292,724. The stock had closed at $19.26 in the previous trading session.

WCI Communities, Inc. is a lifestyle community developer and luxury homebuilder of single- and multi-family homes. The Companys business is organized into three operating segments: Homebuilding, which designs, sells and builds homes across a range of price points and sizes; Real Estate Services, which operates a real estate brokerage business under the Berkshire Hathaway HomeServices brand and title services, and Amenities, which includes the construction, ownership and management of recreational amenities in residential communities that it develops. Amenities consist of golf courses and country clubs, marinas and resort-style facilities.

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