The Ryland Group (RYL)

[chmcnfunds]

Ryland Group Upgraded to “Neutral” at MKM Partners (RYL)

Posted by: Hossein Forouzandeh Posted date: July 26, 2013

Ryland Group (NYSE:RYL) was upgraded by research analysts at MKM Partners to a “neutral” rating in a report released on Friday, Stock Ratings Network.com reports.

Several other analysts have also recently commented on the stock. Analysts at Compass Point cut their price target on shares of Ryland Group from $54.00 to $49.50 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Ryland Group in a research note to investors on Monday, June 24th. They set a “conviction-buy” rating and a $51.00 price target on the stock. Finally, analysts at Sterne Agee raised their price target on shares of Ryland Group from $52.00 to $60.00 in a research note to investors on Friday, May 24th. They now have a “buy” rating on the stock.

Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Ryland Group currently has an average rating of “Hold” and a consensus target price of $49.50.

Shares of Ryland Group (NYSE: RYL) traded up 3.53% during mid-day trading on Friday, hitting $39.06. Ryland Group has a 52 week low of $23.04 and a 52 week high of $50.42. The stock’s 50-day moving average is currently $40.6. The company has a market cap of $1.802 billion and a P/E ratio of 27.99.

Ryland Group (NYSE:RYL) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.16. The company had revenue of $492.99 million for the quarter, compared to the consensus estimate of $492.80 million. During the same quarter last year, the company posted $0.14 earnings per share. Ryland Group’s revenue was up 67.8% compared to the same quarter last year. On average, analysts predict that Ryland Group will post $2.88 earnings per share for the current fiscal year.

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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