Shares of Ryder System, Inc. (NYSE:R – Get Free Report) 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.
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Insiders Place Their Bets
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 – Get Free Report) 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.
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