Stephens Issues Positive Forecast for Ryder System (NYSE:R) Stock Price

Key Points

• Stephens raised its price target for Ryder System (NYSE:R) from $150.00 to $190.00, indicating a potential upside of 3.67% from its current price.
• A consensus rating of "Moderate Buy" has been established by analysts, with an average price target of $186.50 for Ryder System stock.
• In its latest quarterly earnings report, Ryder System exceeded expectations with $3.32 earnings per share, surpassing the consensus estimate of $3.11.

Ryder System (NYSE:R - Free Report) had its price objective increased by Stephens from $150.00 to $190.00 in a research report sent to investors on Tuesday,Benzinga reports. Stephens currently has an equal weight rating on the transportation company's stock.

A number of other equities research analysts also recently weighed in on R. Robert W. Baird lifted their price target on shares of Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a research report on Monday. Barclays assumed coverage on shares of Ryder System in a research report on Monday, June 9th. They set an "overweight" rating and a $190.00 price objective for the company. Susquehanna assumed coverage on shares of Ryder System in a research report on Tuesday, July 15th. They set a "positive" rating and a $215.00 price objective for the company. Morgan Stanley boosted their price objective on shares of Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Baird R W upgraded shares of Ryder System to a "strong-buy" rating in a research report on Tuesday, July 1st. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $186.50.

Ryder System Stock Performance

R stock traded down $0.91 during mid-day trading on Tuesday, hitting $177.66. 532,536 shares of the company were exchanged, compared to its average volume of 410,939. The business has a 50 day simple moving average of $161.88 and a 200-day simple moving average of $154.47. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. The stock has a market capitalization of $7.25 billion, a PE ratio of 15.11 and a beta of 0.97. Ryder System has a 1-year low of $123.36 and a 1-year high of $184.76.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The transportation company reported $3.32 earnings per share for the quarter, beating 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 company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the previous year, the business earned $3.00 earnings per share. The firm's quarterly revenue was up .2% on a year-over-year basis. On average, equities analysts forecast that Ryder System will post 13.68 earnings per share for the current year.

Ryder System Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be paid a $0.91 dividend. This is a positive change from Ryder System's previous quarterly dividend of $0.81. This represents a $3.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, August 18th. Ryder System's payout ratio is presently 30.95%.

Insider Buying and Selling

In related news, CEO Robert E. Sanchez sold 22,063 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $182.49, for a total value of $4,026,276.87. Following the sale, the chief executive officer owned 62,887 shares of the company's stock, valued at $11,476,248.63. The trade was a 25.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $180.87, for a total transaction of $180,870.00. Following the sale, the chief financial officer directly owned 26,561 shares in the company, valued at $4,804,088.07. This trade represents a 3.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,802 shares of company stock valued at $7,266,993 over the last 90 days. 5.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Ryder System

Several institutional investors have recently made changes to their positions in R. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Ryder System in the 1st quarter worth about $26,000. TCTC Holdings LLC grew its position in Ryder System by 116.5% in the 1st quarter. TCTC Holdings LLC now owns 223 shares of the transportation company's stock worth $32,000 after purchasing an additional 120 shares in the last quarter. IFP Advisors Inc grew its position in Ryder System by 103.6% in the 2nd quarter. IFP Advisors Inc now owns 224 shares of the transportation company's stock worth $36,000 after purchasing an additional 114 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in Ryder System in the 2nd quarter worth about $37,000. Finally, Geneos Wealth Management Inc. grew its position in Ryder System by 61.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 287 shares of the transportation company's stock worth $41,000 after purchasing an additional 109 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

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.