Ryder System, Inc. (NYSE:R) Given Consensus Rating of “Moderate Buy” by Brokerages

Ryder System, Inc. (NYSE:R) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $157.00.

A number of equities analysts have recently commented on the company. The Goldman Sachs Group raised their price objective on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. cut their price target on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, StockNews.com upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Monday, February 17th.

Ryder System Trading Down 0.7 %

Shares of R opened at $164.85 on Friday. The stock has a fifty day moving average of $160.53 and a two-hundred day moving average of $152.98. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $6.94 billion, a PE ratio of 14.86 and a beta of 1.29. Ryder System has a fifty-two week low of $106.88 and a fifty-two week high of $171.78.

Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. As a group, analysts forecast that Ryder System will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Tuesday, February 18th. Ryder System’s dividend payout ratio is presently 29.22%.

Hedge Funds Weigh In On Ryder System

Hedge funds have recently made changes to their positions in the business. Creative Planning grew its holdings in Ryder System by 5.5% during the 3rd quarter. Creative Planning now owns 25,220 shares of the transportation company’s stock valued at $3,677,000 after purchasing an additional 1,308 shares in the last quarter. Raymond James & Associates grew its holdings in Ryder System by 73.7% during the 3rd quarter. Raymond James & Associates now owns 32,075 shares of the transportation company’s stock valued at $4,677,000 after purchasing an additional 13,613 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Ryder System by 79.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,962 shares of the transportation company’s stock valued at $578,000 after purchasing an additional 1,748 shares in the last quarter. Ballentine Partners LLC acquired a new stake in Ryder System during the 3rd quarter valued at $207,000. Finally, First Bank & Trust acquired a new stake in Ryder System during the 3rd quarter valued at $204,000. Hedge funds and other institutional investors own 87.47% of the company’s stock.

About Ryder System

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.