The Ryland Group Receives “Neutral” Rating from Citigroup Inc. (RYL)
The Ryland Group (NYSE:RYL)‘s stock had its “neutral” rating reaffirmed by equities researchers at Citigroup Inc. in a research report issued on Monday. They currently have a $38.00 target price on the stock, down from their previous target price of $43.00. Citigroup Inc.’s price target suggests a potential upside of 9.51% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of The Ryland Group from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 5th. They now have a $31.30 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Ryland Group in a research note on Tuesday, August 5th. They now have a $43.00 price target on the stock, down previously from $50.50. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of The Ryland Group in a research note on Monday, August 4th. They now have a $43.00 price target on the stock, down previously from $44.00. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.70.
The Ryland Group (NYSE:RYL) traded up 2.39% on Monday, hitting $35.53. The stock had a trading volume of 608,600 shares. The Ryland Group has a 1-year low of $31.22 and a 1-year high of $46.67. The stock has a 50-day moving average of $36.49 and a 200-day moving average of $39.24. The company has a market cap of $1.668 billion and a P/E ratio of 10.87.
The Ryland Group (NYSE:RYL) last announced its earnings results on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.68 by $0.11. The company had revenue of $577.40 million for the quarter, compared to the consensus estimate of $618.51 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. Analysts expect that The Ryland Group will post $2.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Friday, October 10th.
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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