Ryder System (NYSE:R) Stock Rating Upgraded by StockNews.com

Ryder System (NYSE:R) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

R has been the topic of several other research reports. The Goldman Sachs Group lifted their price target 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 objective on Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Ryder System Trading Up 0.3 %

Shares of R stock opened at $139.89 on Tuesday. The stock’s fifty day moving average is $157.97 and its two-hundred day moving average is $154.79. 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 firm has a market capitalization of $5.84 billion, a P/E ratio of 12.61 and a beta of 1.23. 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 posted its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. Research analysts expect that Ryder System will post 13.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ryder System

Several institutional investors have recently bought and sold shares of the company. Kovitz Investment Group Partners LLC grew its position in shares of Ryder System by 376.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company’s stock worth $1,405,000 after buying an additional 7,715 shares in the last quarter. James Investment Research Inc. grew its position in shares of Ryder System by 32.0% during the fourth quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company’s stock worth $1,941,000 after buying an additional 2,999 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Ryder System by 14.3% during the third quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock worth $20,724,000 after buying an additional 17,074 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Ryder System during the fourth quarter worth about $12,242,000. Finally, Algert Global LLC grew its position in shares of Ryder System by 43.5% during the third quarter. Algert Global LLC now owns 25,547 shares of the transportation company’s stock worth $3,725,000 after buying an additional 7,750 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

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.