The Ryland Group Given Consensus Recommendation of “Hold” by Analysts (NYSE:RYL)
The Ryland Group (NYSE:RYL) has been given an average recommendation of “Hold” by the twelve brokerages that are currently covering the stock, American Banking News.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $43.70.
RYL has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of The Ryland Group in a research note on Monday, August 18th. They now have a $38.00 price target on the stock, down previously from $43.00. Separately, 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. Finally, 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.
The Ryland Group (NYSE:RYL) traded down 0.66% during mid-day trading on Tuesday, hitting $36.38. 53,022 shares of the company’s stock traded hands. The Ryland Group has a 52 week low of $31.22 and a 52 week high of $46.67. The stock has a 50-day moving average of $36.12 and a 200-day moving average of $38.8. The company has a market cap of $1.708 billion and a price-to-earnings ratio of 11.47.
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 $2.74 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 0.33%. 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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