Ryder System, Inc. (NYSE:R) Receives $131.00 Consensus Price Target from Brokerages

Shares of Ryder System, Inc. (NYSE:R) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $131.00.

A number of equities research analysts have commented on R shares. StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. The Goldman Sachs Group raised their price target on shares of Ryder System from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Vertical Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and raised their price target for the stock from $125.00 to $145.00 in a report on Friday, June 14th. JPMorgan Chase & Co. raised their price target on shares of Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, Stephens raised their price target on shares of Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 24th.

Insiders Place Their Bets

In other Ryder System news, Director Luis P. Nieto, Jr. sold 1,443 shares of Ryder System stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $125.61, for a total value of $181,255.23. Following the sale, the director now owns 28,569 shares of the company’s stock, valued at $3,588,552.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Luis P. Nieto, Jr. sold 1,443 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $125.61, for a total value of $181,255.23. Following the sale, the director now owns 28,569 shares of the company’s stock, valued at $3,588,552.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director E Follin Smith sold 3,671 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $119.16, for a total transaction of $437,436.36. Following the completion of the sale, the director now directly owns 38,413 shares in the company, valued at approximately $4,577,293.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 95,800 shares of company stock valued at $11,990,862. Company insiders own 5.10% of the company’s stock.

Institutional Trading of Ryder System

Several hedge funds and other institutional investors have recently modified their holdings of R. EntryPoint Capital LLC bought a new stake in Ryder System during the 1st quarter worth approximately $25,000. Contravisory Investment Management Inc. bought a new stake in Ryder System during the 4th quarter worth approximately $26,000. GAMMA Investing LLC bought a new stake in Ryder System during the 4th quarter worth approximately $45,000. Creekmur Asset Management LLC purchased a new position in Ryder System in the 4th quarter worth approximately $68,000. Finally, CWM LLC grew its stake in Ryder System by 62.0% in the 1st quarter. CWM LLC now owns 643 shares of the transportation company’s stock worth $77,000 after buying an additional 246 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

Ryder System Price Performance

R stock opened at $119.77 on Monday. The company has a fifty day moving average price of $120.66 and a 200-day moving average price of $116.24. The company has a market capitalization of $5.25 billion, a P/E ratio of 15.60 and a beta of 1.32. Ryder System has a 52-week low of $80.90 and a 52-week high of $128.85. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.82 and a current ratio of 0.82.

Ryder System (NYSE:R) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.43. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter last year, the firm earned $2.81 earnings per share. Ryder System’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, equities analysts expect that Ryder System will post 12.1 EPS for the current year.

Ryder System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Monday, May 20th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.37%. The ex-dividend date is Friday, May 17th. Ryder System’s dividend payout ratio is 36.98%.

Ryder System Company Profile

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.