On November 20, 2023, Ryan Specialty Holdings (NYSE: RYAN) experienced a shift in its outlook as Goldman Sachs analyst Robert Cox downgraded the stock from Buy to Neutral. Alongside this downgrade, Cox also lowered the price target for RYAN shares from $57 to $53. This alteration in the analyst’s recommendation indicates a change in their perception of the company’s performance. As a result, the revised price target implies a reevaluated valuation for the stock. It is important to note that these insights are derived from the most recent analyst ratings and stock analysis.
Ryan Specialty Holdings, Inc.
RYAN
Strong Buy
Updated on: 28/11/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Ryan Stock (RYAN) Performance and Financial Analysis: Mixed Results and Future Outlook
Ryan stock, traded under the ticker symbol RYAN, had a mixed performance on November 20, 2023, according to data sourced from CNN Money. The stock opened at $44.41, lower than the previous day’s closing price of $45.20. Throughout the day, it traded within a range of $44.38 to $44.80. The trading volume was relatively low at 90,306 shares, compared to the average volume of 676,828 shares over the past three months.
Ryan, with a market capitalization of $11.7 billion, operates in the finance sector, specifically in the insurance brokers/services industry. While its earnings growth last year was negative, at -9.78%, it has experienced positive earnings growth this year, with a growth rate of +17.40%. However, the forecast for the next five years suggests no expected earnings growth.
On the revenue front, Ryan demonstrated strong growth last year, with an increase of +20.41%. The price-to-earnings (P/E) ratio provides some insight into the stock’s valuation. Ryan has a relatively high P/E ratio of 97.2. The price-to-sales ratio stands at 6.39, and the price-to-book ratio is 10.57.
Looking ahead, Ryan is scheduled to report its next earnings on March 12, 2024. Analysts are forecasting earnings per share (EPS) of $0.34 for the current quarter. In the previous fiscal year, the company reported annual revenue of $1.7 billion and a profit of $61.1 million, resulting in a net profit margin of 3.54%.
Investors should consider conducting further research and analysis to gain a more comprehensive understanding of the company’s financial health and prospects.
Ryan Specialty Holdings Inc (RYAN) Receives Positive Analyst Attention with Consensus to Buy Stock
On November 20, 2023, Ryan Specialty Holdings Inc (RYAN) had a median target price of $51.00, according to 11 analysts offering 12-month price forecasts. The high estimate was $59.00, while the low estimate was $39.00. This median estimate indicated a potential increase of 14.20% from the last recorded price of $44.66.
It is worth noting that the consensus among 14 polled investment analysts was to buy RYAN stock. This rating has remained unchanged since October, indicating a consistent positive sentiment towards the company.
Based on the information provided, it appears that Ryan Specialty Holdings Inc has garnered positive attention from analysts, with a consensus to buy the stock. The median target price suggests a potential increase in value, which may be appealing to investors.
However, it is important to note that stock performance is subject to various market factors and can be volatile. Investors should conduct thorough research and analysis before making any investment decisions.
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