Guggenheim Raises The Ryland Group to Buy (RYL)

By admin | 6 years ago

The Ryland Group (NYSE: RYL) was upgraded by investment analysts at Guggenheim from a “sell” rating to a “buy” rating in a note issued to investors on Monday.

Shares of The Ryland Group traded up 5.66% during mid-day trading on Monday, hitting $23.33. The Ryland Group has a one year low of $9.15 and a one year high of $23.45. The company’s market cap is $1.041 billion.

The Ryland Group last issued its quarterly earnings data on Wednesday, April 25th. The company reported ($0.11) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.10) by $0.01. The Ryland Group’s revenue was up 28.7% compared to the same quarter last year. On average, analysts predict that The Ryland Group will post $0.21 earnings per share next quarter.

A number of other analysts have also recently weighed in on RYL. Analysts at CRT Capital upgraded shares of The Ryland Group to a “sell” rating in a research note to investors on Monday, April 30th. Separately, analysts at Compass Point reiterated a “neutral” rating on shares of The Ryland Group in a research note to investors on Tuesday, April 24th. Finally, analysts at Raymond James (NYSE: RJF) upgraded shares of The Ryland Group from an “underperform” rating to an “outperform” rating in a research note to investors on Monday, April 16th.

The Ryland Group, Inc. is a homebuilders and a mortgage-finance company. As of December 31, 2010, the Company had built approximately 290,000 homes.

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