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

Shares of Ryder System, Inc. (NYSE:RGet Rating) have received a consensus rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $87.83.

R has been the topic of several research analyst reports. StockNews.com cut shares of Ryder System from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 4th. Wolfe Research lowered shares of Ryder System from a “peer perform” rating to an “underperform” rating in a research note on Tuesday, April 5th. Wells Fargo & Company decreased their price target on shares of Ryder System from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 17th. JPMorgan Chase & Co. lowered their price objective on shares of Ryder System from $88.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, April 8th. Finally, Stephens lifted their target price on shares of Ryder System from $92.00 to $94.00 and gave the company an “equal weight” rating in a research note on Thursday, February 17th.

Ryder System stock opened at $78.49 on Friday. Ryder System has a fifty-two week low of $61.71 and a fifty-two week high of $93.05. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.57 and a current ratio of 0.59. The company has a market capitalization of $4.01 billion, a P/E ratio of 6.52 and a beta of 1.77. The stock has a 50-day simple moving average of $73.73 and a 200-day simple moving average of $77.44.

Ryder System (NYSE:RGet Rating) last released its quarterly earnings results on Wednesday, April 27th. The transportation company reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $1.21. Ryder System had a return on equity of 24.86% and a net margin of 6.25%. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the prior year, the firm posted $1.09 EPS. The company’s revenue was up 28.4% compared to the same quarter last year. As a group, analysts forecast that Ryder System will post 13.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 17th. Stockholders of record on Monday, May 23rd will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Friday, May 20th. Ryder System’s dividend payout ratio is presently 19.27%.

In other news, Director Luis P. Nieto, Jr. sold 2,220 shares of the company’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $73.28, for a total transaction of $162,681.60. Following the completion of the transaction, the director now directly owns 26,939 shares in the company, valued at $1,974,089.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Karen M. Jones sold 7,269 shares of the company’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $73.63, for a total transaction of $535,216.47. Following the transaction, the chief marketing officer now owns 6,963 shares of the company’s stock, valued at $512,685.69. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. HG Vora Capital Management LLC boosted its holdings in Ryder System by 130.8% in the 4th quarter. HG Vora Capital Management LLC now owns 3,000,000 shares of the transportation company’s stock valued at $247,290,000 after purchasing an additional 1,700,000 shares during the period. LSV Asset Management increased its position in shares of Ryder System by 225.2% during the fourth quarter. LSV Asset Management now owns 969,639 shares of the transportation company’s stock valued at $79,927,000 after buying an additional 671,489 shares during the period. Moors & Cabot Inc. purchased a new position in shares of Ryder System during the third quarter valued at about $572,000. FMR LLC boosted its stake in Ryder System by 574.2% during the first quarter. FMR LLC now owns 583,279 shares of the transportation company’s stock worth $36,157,000 after acquiring an additional 496,769 shares in the last quarter. Finally, Norges Bank bought a new stake in Ryder System during the fourth quarter worth about $35,804,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

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.

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Analyst Recommendations for Ryder System (NYSE:R)

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