Mizuho Securities Downgrades Calatlantic Group to Hold

By Ryan Adsit

Mizuho Securities analyst Haendel St. Juste downgraded Calatlantic Group (NYSE: CAA) to Hold yesterday and set a price target of $51. The company’s shares closed yesterday at $51.81, close to its 52-week high of $52.73.

According to TipRanks.com, Juste is a 1-star analyst with an average return of -2.3% and a 47.7% success rate. Juste covers the Financial sector, focusing on stocks such as American Residential Properties, General Growth Properties Inc, and Monogram Residential Trust.

Currently, the analyst consensus on Calatlantic Group is Hold and the average price target is $47.50, representing a -8.3% downside.

In a report issued on October 30, JMP Securities also downgraded the stock to Hold.

Calatlantic Group’s market cap is currently $5.71B and has a P/E ratio of 15.29. The company has a book value ratio of 1.3190.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.