Brokerages Set Ryder System, Inc. (NYSE:R) Target Price at $157.00

Ryder System, Inc. (NYSE:R) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $157.00.

Several brokerages have recently commented on R. The Goldman Sachs Group upped their price objective on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. lowered their price objective on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Finally, StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Tuesday.

Institutional Trading of Ryder System

Several institutional investors and hedge funds have recently modified their holdings of R. Keystone Financial Group Inc. purchased a new position in shares of Ryder System in the 4th quarter worth $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Ryder System in the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Ryder System in the 3rd quarter worth $34,000. R Squared Ltd purchased a new position in shares of Ryder System in the 4th quarter worth $45,000. Finally, Principal Securities Inc. grew its stake in shares of Ryder System by 36.5% in the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock worth $54,000 after buying an additional 92 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors.

Ryder System Stock Up 0.9 %

R opened at $141.70 on Wednesday. Ryder System has a one year low of $106.88 and a one year high of $171.78. The company has a fifty day moving average price of $157.35 and a 200-day moving average price of $154.67. The firm has a market capitalization of $5.91 billion, a P/E ratio of 12.78 and a beta of 1.23. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75.

Ryder System (NYSE:R) last announced its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.39 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. Equities research analysts expect that Ryder System will post 13.68 earnings per share for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.29%. Ryder System’s payout ratio is 29.22%.

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.