The Ryland Group Upgraded at Zacks (RYL)
The Ryland Group (NYSE:RYL) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Wednesday. The firm currently has a $37.90 price target on the stock. Zacks‘s price objective indicates a potential upside of 2.49% from the stock’s previous close.
Shares of The Ryland Group (NYSE:RYL) traded down 2.89% during mid-day trading on Wednesday, hitting $35.91. The stock had a trading volume of 676,199 shares. 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 $35.83 and a 200-day moving average of $38.6. The company has a market cap of $1.686 billion and a price-to-earnings ratio of 11.59.
The Ryland Group (NYSE:RYL) last released its earnings data 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. On average, analysts predict that The Ryland Group will post $2.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 30th. Shareholders 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 0.32%. The ex-dividend date is Friday, October 10th.
Other equities research analysts have also recently issued reports about the stock. 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 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. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $44.43.
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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