Calatlantic Group Gets a Hold Rating from Wedbush

By Austin Angelo

In a report released today, Jay McCanless from Wedbush reiterated a Hold rating on Calatlantic Group (NYSE: CAA), with a price target of $53. The company’s shares opened today at $57.15, close to its 52-week high of $57.50.

According to, McCanless is a 3-star analyst with an average return of 8.1% and a 54.3% success rate. McCanless covers the Consumer Goods sector, focusing on stocks such as Century Communities, Taylor Morrison, and WCI Communities.

Calatlantic Group has an analyst consensus of Hold, with a price target consensus of $49.60.

The company has a one-year high of $57.50 and a one-year low of $32.47. Currently, Calatlantic Group has an average volume of 1.96M.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock.

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Standard Pacific Corp. engages in the building of homes and communities in the United States. It primarily focuses on building family oriented communities in many of the housing markets including California, Florida, Arizona, North Carolina, South Carolina, Texas and Colorado.