Ryland Group’s Buy Rating Reaffirmed at Compass Point (RYL)
Ryland Group (NYSE:RYL)‘s stock had its “buy” rating reaffirmed by stock analysts at Compass Point in a report issued on Monday, AnalystRatings.Net reports. They currently have a $50.00 price objective on the stock. Compass Point’s price objective indicates a potential upside of 29.77% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zelman & Associates upgraded shares of Ryland Group from a “hold” rating to a “buy” rating in a research note on Friday. Separately, analysts at FBR Capital Markets raised their price target on shares of Ryland Group from $43.00 to $49.00 in a research note on Friday. They now have a “market perform” rating on the stock. Finally, analysts at Zacks downgraded shares of Ryland Group from a “neutral” rating to an “underperform” rating in a research note on Tuesday, April 8th. They now have a $38.10 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Ryland Group currently has a consensus rating of “Hold” and a consensus target price of $46.23.
Ryland Group (NYSE:RYL) traded up 1.26% on Monday, hitting $38.53. The stock had a trading volume of 963,576 shares. Ryland Group has a one year low of $33.04 and a one year high of $50.42. The stock’s 50-day moving average is $39.59 and its 200-day moving average is $40.8. The company has a market cap of $1.795 billion and a price-to-earnings ratio of 5.60.
Ryland Group (NYSE:RYL) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.46 by $0.04. The company had revenue of $489.68 million for the quarter, compared to the consensus estimate of $474.28 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 30.7% on a year-over-year basis. On average, analysts predict that Ryland Group will post $3.10 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 30th. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Friday, July 11th.
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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