Ryder System (NYSE:R - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Wednesday.
A number of other analysts have also weighed in on R. Robert W. Baird reaffirmed a "buy" rating and issued a $140.00 price target on shares of Ryder System in a research note on Wednesday, January 3rd. Stephens increased their target price on shares of Ryder System from $113.00 to $120.00 and gave the company an "equal weight" rating in a research note on Wednesday. The Goldman Sachs Group increased their target price on shares of Ryder System from $122.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday. Vertical Research lowered shares of Ryder System from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research note on Wednesday, January 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Ryder System from $120.00 to $126.00 and gave the company a "neutral" rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $123.71.
Read Our Latest Analysis on R
Ryder System Stock Performance
Shares of NYSE:R traded up $0.20 during trading on Wednesday, reaching $122.21. 509,590 shares of the company's stock traded hands, compared to its average volume of 263,139. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.62 and a quick ratio of 0.62. Ryder System has a 12 month low of $76.15 and a 12 month high of $122.94. The company has a 50 day moving average of $114.49 and a 200-day moving average of $110.66. The stock has a market capitalization of $5.41 billion, a P/E ratio of 14.00 and a beta of 1.40.
Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.43. Ryder System had a net margin of 3.45% and a return on equity of 19.68%. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the firm earned $2.81 EPS. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts expect that Ryder System will post 11.9 EPS for the current year.
Insider Buying and Selling
In related news, CMO Karen M. Jones sold 7,737 shares of the company's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total transaction of $877,994.76. Following the completion of the sale, the chief marketing officer now directly owns 12,396 shares of the company's stock, valued at approximately $1,406,698.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.10% of the stock is owned by insiders.
Institutional Trading of Ryder System
A number of hedge funds have recently bought and sold shares of R. Headlands Technologies LLC bought a new position in shares of Ryder System during the 3rd quarter worth about $26,000. Contravisory Investment Management Inc. acquired a new stake in shares of Ryder System during the 4th quarter worth about $26,000. GAMMA Investing LLC acquired a new stake in shares of Ryder System during the 4th quarter worth about $45,000. CWM LLC increased its position in shares of Ryder System by 33.9% during the 3rd quarter. CWM LLC now owns 438 shares of the transportation company's stock worth $47,000 after purchasing an additional 111 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Ryder System by 406.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company's stock worth $54,000 after purchasing an additional 406 shares in the last quarter. 87.47% of the stock is owned by institutional investors.
About Ryder System
(
Get Free Report)
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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