Ryder System, Inc. (NYSE:R) Stock Has Consensus Target Price of $296.67 According to Brokerages

Key Points

• Analysts are moderately bullish: Eight of 12 brokerages rate Ryder System a buy and four rate it hold, with a consensus 12-month price target of $296.67.
• Quarterly results beat expectations: Ryder reported EPS of $4.33 versus the $4.15 consensus and revenue of $3.43 billion versus estimates of $3.38 billion; revenue rose 8.3% year over year.
• Ryder declared a quarterly dividend of $1.01 per share, equivalent to $4.04 annually and a 1.5% yield.

Shares of Ryder System, Inc. (NYSE:R - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twelve brokerages that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $296.67.

Several brokerages have issued reports on R. Stephens raised their price objective on shares of Ryder System from $280.00 to $305.00 and gave the stock an "overweight" rating in a research note on Friday, October 23rd. Wall Street Zen upgraded Ryder System from a "buy" rating to a "strong-buy" rating in a report on Monday, October 12th. Wells Fargo & Company raised their price target on Ryder System from $300.00 to $305.00 and gave the stock an "overweight" rating in a research note on Friday, October 23rd. Robert W. Baird cut Ryder System from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $290.00 to $245.00 in a report on Tuesday, September 29th. Finally, Susquehanna upped their price objective on Ryder System from $280.00 to $318.00 and gave the company a "positive" rating in a research report on Tuesday, October 27th.

Ryder System Stock Down 0.1%

Shares of R opened at $266.22 on Monday. The company has a market cap of $10.17 billion, a PE ratio of 20.29 and a beta of 1.04. The business has a fifty day moving average of $247.97 and a 200 day moving average of $239.34. Ryder System has a 52-week low of $161.41 and a 52-week high of $291.02. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.86.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The transportation company reported $4.33 EPS for the quarter, topping the consensus estimate of $4.15 by $0.18. Ryder System had a net margin of 3.98% and a return on equity of 19.14%. The company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same period in the previous year, the firm earned $3.57 earnings per share. Ryder System's quarterly revenue was up 8.3% compared to the same quarter last year. On average, sell-side analysts expect that Ryder System will post 15.07 EPS for the current year.

Ryder System Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Monday, November 23rd will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, November 23rd. Ryder System's payout ratio is currently 30.79%.

Insider Activity at Ryder System

In other Ryder System news, insider Thomas M. Havens sold 5,500 shares of the business's stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $283.13, for a total value of $1,557,215.00. Following the completion of the sale, the insider directly owned 27,574 shares of the company's stock, valued at $7,807,026.62. The trade was a 16.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas Regan sold 3,032 shares of the company's stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $288.05, for a total transaction of $873,367.60. Following the completion of the transaction, the executive vice president owned 2,751 shares in the company, valued at $792,425.55. This represents a 52.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 44,384 shares of company stock valued at $12,522,852. Company insiders own 4.90% of the company's stock.

Institutional Trading of Ryder System

A number of large investors have recently modified their holdings of R. MassMutual Private Wealth & Trust FSB lifted its position in shares of Ryder System by 36.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company's stock valued at $42,000 after buying an additional 43 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Ryder System by 19.2% in the 3rd quarter. Versant Capital Management Inc now owns 317 shares of the transportation company's stock valued at $72,000 after buying an additional 51 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of Ryder System by 0.7% in the 2nd quarter. Baird Financial Group Inc. now owns 9,441 shares of the transportation company's stock worth $2,490,000 after buying an additional 61 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Ryder System by 5.2% in the 1st quarter. Parallel Advisors LLC now owns 1,385 shares of the transportation company's stock worth $284,000 after buying an additional 68 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of Ryder System by 34.8% in the 1st quarter. Assetmark Inc. now owns 283 shares of the transportation company's stock worth $58,000 after buying an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company's stock.

Ryder System Company Profile

Ryder System, Inc is a transportation and logistics company founded in 1933 by James Ryder in Miami, Florida. It serves businesses across the United States, Canada and Mexico.

The company's services include commercial truck leasing and rental, fleet maintenance, and the sale of used vehicles. Ryder also provides supply chain services such as warehousing, distribution and transportation, along with dedicated transportation solutions that manage fleets and drivers for customers.

Ryder is organized around Fleet Management Solutions, Supply Chain Solutions and Dedicated Transportation Solutions.

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