Ryder System, Inc. (NYSE:R) Receives Average Recommendation of “Hold” from Brokerages

Ryder System, Inc. (NYSE:RGet Rating) has received an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $87.83.

R has been the subject of several research analyst reports. Robert W. Baird lowered Ryder System from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $96.00 to $90.00 in a research note on Wednesday, January 5th. Wells Fargo & Company decreased their target price on Ryder System from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Thursday, February 17th. Stephens upped their target price on Ryder System from $92.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 17th. JPMorgan Chase & Co. decreased their target price on Ryder System from $88.00 to $71.00 and set a “neutral” rating for the company in a research report on Friday, April 8th. Finally, StockNews.com downgraded Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 4th.

NYSE R opened at $69.90 on Monday. Ryder System has a fifty-two week low of $61.71 and a fifty-two week high of $93.05. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 5.81 and a beta of 1.81. The business has a fifty day moving average of $74.48 and a 200-day moving average of $78.70. The company has a quick ratio of 0.75, a current ratio of 1.06 and a debt-to-equity ratio of 2.56.

Ryder System (NYSE:RGet Rating) last announced its quarterly earnings results on Wednesday, April 27th. The transportation company reported $3.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.36 by $1.23. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.57 billion. Ryder System had a return on equity of 24.86% and a net margin of 6.25%. The firm’s revenue was up 28.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 earnings per share. As a group, analysts anticipate that Ryder System will post 13.87 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 18th. Investors of record on Tuesday, February 22nd were given a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.32%. The ex-dividend date was Friday, February 18th. Ryder System’s dividend payout ratio is currently 19.27%.

A number of hedge funds and other institutional investors have recently modified their holdings of R. Confluence Wealth Services Inc. bought a new position in Ryder System during the 4th quarter valued at $39,000. First Manhattan Co. bought a new stake in shares of Ryder System during the 3rd quarter worth $40,000. Rockefeller Capital Management L.P. boosted its stake in shares of Ryder System by 423.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 623 shares of the transportation company’s stock worth $51,000 after acquiring an additional 504 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of Ryder System by 59.7% during the 1st quarter. Koshinski Asset Management Inc. now owns 749 shares of the transportation company’s stock worth $59,000 after acquiring an additional 280 shares in the last quarter. Finally, Huntington National Bank acquired a new stake in shares of Ryder System in the fourth quarter worth $77,000. 87.04% of the stock is owned by hedge funds and other institutional investors.

About Ryder System (Get Rating)

Ryder System, Inc operates as a logistics and transportation company worldwide. The company 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, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.

Further Reading

Analyst Recommendations for Ryder System (NYSE:R)

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