Zacks Downgrades Ryland Group to Underperform (RYL)
Ryland Group (NYSE:RYL) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Friday, American Banking News reports. They currently have a $40.70 target price on the stock. Zacks‘ price objective suggests a potential downside of 4.68% from the stock’s previous close.
Ryland Group (NYSE:RYL) traded up 0.33% during mid-day trading on Friday, hitting $42.8399. 275,428 shares of the company’s stock traded hands. Ryland Group has a 52 week low of $33.04 and a 52 week high of $50.42. The stock’s 50-day moving average is $39.63 and its 200-day moving average is $39.23. The company has a market cap of $1.980 billion and a price-to-earnings ratio of 7.27.
Ryland Group (NYSE:RYL) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.92 by $0.03. The company had revenue of $576.40 million for the quarter, compared to the consensus estimate of $601.60 million. During the same quarter last year, the company posted $0.45 earnings per share. Ryland Group’s revenue was up 60.7% compared to the same quarter last year. Analysts expect that Ryland Group will post $6.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 30th. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Monday, January 13th.
A number of other firms have also recently commented on RYL. Analysts at ISI Group downgraded shares of Ryland Group from a “strong-buy” rating to a “buy” rating in a research note to investors on Wednesday, November 6th. Analysts at Sterne Agee cut their price target on shares of Ryland Group from $60.00 to $50.00 in a research note to investors on Wednesday, October 30th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Ryland Group presently has an average rating of “Hold” and a consensus target price of $47.85.
The Ryland Group, Inc, is a homebuilders and a mortgage-finance company. In addition, Ryland Mortgage Company and its subsidiaries, and RMC Mortgage Corporation (NYSE:RYL) provide mortgage financing and related services.
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