The Ryland Group (RYL)

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UBS AG Upgrades Ryland Group to “Buy” (RYL)

July 31st, 2013 - 0 comments - Filed Under - by admin

Ryland Group Inc. logoRyland Group (NYSE:RYL) was upgraded by analysts at UBS AG from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $48.00 target price on the stock, up from their previous target price of $42.00. UBS AG’s target price would indicate a potential upside of 25.03% from the stock’s previous close.

Ryland Group (NYSE:RYL) traded down 0.31% on Tuesday, hitting $38.27. 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 $40.33. The company has a market cap of $1.766 billion and a price-to-earnings ratio of 7.09.

Ryland Group (NYSE:RYL) last announced its 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 $5.40 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Barclays Capital cut their price target on shares of Ryland Group from $50.00 to $40.00 in a research note to investors on Friday, July 26th. They now have an “equal weight” rating on the stock. Separately, analysts at ISI Group upgraded shares of Ryland Group from a “neutral” rating to a “strong-buy” rating in a research note to investors on Friday, July 26th. They now have a $48.00 price target on the stock. Finally, analysts at MKM Partners upgraded shares of Ryland Group to a “neutral” rating in a research note to investors on Friday, July 26th.

Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Ryland Group presently has an average rating of “Hold” and a consensus price target of $49.29.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 30th. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Thursday, 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.

The Fly On The Wall
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