Morgan Stanley Boosts Ryder System (NYSE:R) Price Target to $190.00

Key Points

• Morgan Stanley has increased the price target for Ryder System from $175.00 to $190.00, indicating a potential upside of 4.05% from the stock's previous close.
• The company reported earnings of $3.32 per share for the last quarter, exceeding analysts' expectations and showing a net margin of 3.99%.
• Institutional investors have shown significant interest in Ryder System, with Valeo Financial Advisors increasing its stake by over 51,000% in the second quarter, now holding nearly 2.9 million shares.

Ryder System (NYSE:R - Get Free Report) had its price objective boosted by research analysts at Morgan Stanley from $175.00 to $190.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the transportation company's stock. Morgan Stanley's price objective suggests a potential upside of 4.05% from the stock's previous close.

A number of other analysts also recently issued reports on the stock. Susquehanna initiated coverage on shares of Ryder System in a report on Tuesday, July 15th. They set a "positive" rating and a $215.00 price objective for the company. Wolfe Research raised shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price objective for the company in a report on Tuesday, July 1st. Baird R W raised shares of Ryder System to a "strong-buy" rating in a report on Tuesday, July 1st. Robert W. Baird began coverage on shares of Ryder System in a report on Tuesday, July 1st. They set an "outperform" rating and a $186.00 target price on the stock. Finally, Barclays began coverage on shares of Ryder System in a report on Monday, June 9th. They set an "overweight" rating and a $190.00 target price on the stock. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $180.75.

Ryder System Trading Up 3.1%

Shares of R stock opened at $182.61 on Monday. The firm has a market cap of $7.55 billion, a P/E ratio of 15.53 and a beta of 0.97. The company has a 50 day moving average of $159.77 and a 200-day moving average of $153.78. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.27. Ryder System has a 12-month low of $123.36 and a 12-month high of $183.17.

Ryder System (NYSE:R - Get Free Report) last issued its earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share for the quarter, topping analysts' consensus estimates of $3.11 by $0.21. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter last year, the business earned $3.00 earnings per share. The company's quarterly revenue was up .2% on a year-over-year basis. Sell-side analysts anticipate that Ryder System will post 13.68 earnings per share for the current year.

Insider Activity at Ryder System

In related news, CEO Robert E. Sanchez sold 18,496 shares of Ryder System stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $155.73, for a total transaction of $2,880,382.08. Following the completion of the sale, the chief executive officer owned 40,824 shares in the company, valued at approximately $6,357,521.52. This trade represents a 31.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director E Follin Smith sold 1,243 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $144.38, for a total transaction of $179,464.34. Following the transaction, the director directly owned 39,802 shares of the company's stock, valued at $5,746,612.76. This trade represents a 3.03% decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in R. Valeo Financial Advisors LLC raised its position in Ryder System by 51,455.2% during the second quarter. Valeo Financial Advisors LLC now owns 2,868,534 shares of the transportation company's stock valued at $456,097,000 after buying an additional 2,862,970 shares during the period. Norges Bank acquired a new position in Ryder System during the 4th quarter worth $97,844,000. Wellington Management Group LLP lifted its position in Ryder System by 16.2% during the 1st quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company's stock worth $429,249,000 after acquiring an additional 415,103 shares during the last quarter. Leigh Baldwin & CO. LLC acquired a new stake in Ryder System in the 4th quarter worth $40,475,000. Finally, GAMMA Investing LLC lifted its position in shares of Ryder System by 20,298.3% in the 1st quarter. GAMMA Investing LLC now owns 183,789 shares of the transportation company's stock worth $26,431,000 after acquiring an additional 182,888 shares during the period. 87.47% of the stock is currently owned by institutional investors.

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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