The Ryland Group (RYL)

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The Ryland Group Stock Rating Reaffirmed by Citigroup Inc. (RYL)

Posted by Nolan Pearson on Aug 18th, 2014 // 0 Comments

The Ryland Group, Inc. logoCitigroup Inc. restated their neutral rating on shares of The Ryland Group (NYSE:RYL) in a report issued on Monday. They currently have a $38.00 target price on the stock, down from their previous target price of $43.00.
Shares of The Ryland Group (NYSE:RYL) traded up 2.25% on Monday, hitting $35.48. 426,979 shares of the company’sstock traded hands. The Ryland Group has a 52 week low of $31.22 and a 52 week high of $46.67. The stock’s 50-day moving average is $36.49 and its 200-day moving average is $39.24. The company has a market cap of $1.665 billion and a price-to-earnings ratio of 10.87.
The Ryland Group (NYSE:RYL) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. On average, analysts predict that The Ryland Group will post $2.76 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Friday, October 10th.
RYL has been the subject of a number of other recent research reports. 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 equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The Ryland Group has a consensus rating of Hold and an average target price of $43.70.
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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http://www.wkrb13.com/markets/358085/the-ryland-group-stock-rating-reaffirmed-by-citigroup-inc-ryl/

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