Goldman Sachs Resumes Ryland Group (RYL) at Conviction Buy
Goldman Sachs resumes coverage on Ryland Group (NYSE: RYL) with a Conviction Buy List rating and $51 price target.
"The company ranks first on our themes, with presence in most constructive housing markets, a strong land portfolio, and relatively good exposure to the high-end buyer," the analyst said. "Further, we believe Ryland has one of the best capital structures in our coverage leading to a peer-high ROE of 21.5% for 2013."
Goldman notes Ryland has a strong presence in the Charlotte, Orlando, Phoenix, and Indianapolis markets, the strongest markets in terms of pricing strength, household formation, and job growth.
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 $38.56 yesterday, with a 52 week range of $22.62-$50.42.
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