UBS Sees Reasons To Be Optimistic on Ryland Group (RYL); Raising Estimates
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Price: $48.67 -1.08%
Rating Summary:
9 Buy, 10 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Rating Summary:
9 Buy, 10 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 24
Trade RYL Now!
UBS maintains a 'Neutral' on Ryland Group (NYSE: RYL) price target of $24.00 (from $20.00).
Analyst, David Goldberg, said, "Since releasing EPS last week, RYL -2.1%, which compares to the +4.3% group average. While we believe the current valuation is appropriate, the recent underperformance relates to unwarranted concerns. We expect Ryland to benefit from a number of tailwinds, including: 1) rising community count should support order growth; 2) margins were better than they appeared in 2Q and should improve into 2013; & 3) the company's financing costs have declined after its recent convertible debt issuance, which will further enhance profitability."
FY12 EPS estimate raised from $0.45 to $0.60 and FY13 from $1.00 to $1.30.
Goldberg was clear about his Neutral stance on the stock, saying his thesis is unchanged as is the outlook for the broader housing market (gradual recovery)
For an analyst ratings summary and ratings history on Ryland Group click here. For more ratings news on Ryland Group click here.
Shares of Ryland Group closed at $24.28 yesterday, with a 52 week range of $9.15-$27.15.
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Analyst, David Goldberg, said, "Since releasing EPS last week, RYL -2.1%, which compares to the +4.3% group average. While we believe the current valuation is appropriate, the recent underperformance relates to unwarranted concerns. We expect Ryland to benefit from a number of tailwinds, including: 1) rising community count should support order growth; 2) margins were better than they appeared in 2Q and should improve into 2013; & 3) the company's financing costs have declined after its recent convertible debt issuance, which will further enhance profitability."
FY12 EPS estimate raised from $0.45 to $0.60 and FY13 from $1.00 to $1.30.
Goldberg was clear about his Neutral stance on the stock, saying his thesis is unchanged as is the outlook for the broader housing market (gradual recovery)
For an analyst ratings summary and ratings history on Ryland Group click here. For more ratings news on Ryland Group click here.
Shares of Ryland Group closed at $24.28 yesterday, with a 52 week range of $9.15-$27.15.
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