Market Overview

UPDATE: Topeka Capital Markets Initiates Ryland Group at Buy on Rising Demand

Share:
Related RYL
How To Play The Coming New Home Sales Surge
Is The Standard Pacific-Ryland Merger Worth Buying?
What Would a Rate Hike Mean for Homebuilders? (Zacks)

Topeka Capital Markets initiated coverage on Ryland Group (NYSE: RYL) with a Buy rating and a $36 price target.

Topeka Capital Markets commented, "We estimate RYL's community opening plan could produce triple-digit EPS growth in 2013 as it grows inside the current footprint. We believe demand is rising for RYL's homes due to declines in competing supply and improving economies in its key MSAs. We also believe RYL's historical sales mix of one-third entry-level and two-thirds move-up could be a competitive advantage if lending standards tighten due to fiscal cliff and Dodd-Frank issues."

Ryland Group closed at $32.43 on Thursday.

Latest Ratings for RYL

DateFirmActionFromTo
Aug 2015CitigroupMaintainsNeutral
Jun 2015FBR CapitalMaintainsMarket Perform
Jun 2015Credit SuisseUpgradesUnderperformNeutral

View More Analyst Ratings for RYL
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (RYL)

View Comments and Join the Discussion!

Get Benzinga's Newsletters