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

Ryder System, Inc. (NYSE:R) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $205.6667.

A number of research analysts have recently commented on R shares. Wolfe Research reissued a “peer perform” rating on shares of Ryder System in a report on Thursday, January 8th. Wells Fargo & Company began coverage on Ryder System in a research report on Friday, December 5th. They set an “overweight” rating and a $210.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of Ryder System from $194.00 to $197.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Citigroup boosted their price objective on shares of Ryder System from $196.00 to $218.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a research note on Thursday, January 22nd.

Hedge Funds Weigh In On Ryder System

A number of institutional investors have recently made changes to their positions in R. Vectors Research Management LLC boosted its stake in Ryder System by 0.3% during the 4th quarter. Vectors Research Management LLC now owns 18,512 shares of the transportation company’s stock valued at $3,543,000 after purchasing an additional 61 shares during the period. GAMMA Investing LLC boosted its position in shares of Ryder System by 4.7% in the third quarter. GAMMA Investing LLC now owns 1,368 shares of the transportation company’s stock valued at $258,000 after acquiring an additional 62 shares during the period. Burns Matteson Capital Management LLC boosted its position in shares of Ryder System by 2.4% in the fourth quarter. Burns Matteson Capital Management LLC now owns 2,657 shares of the transportation company’s stock valued at $509,000 after acquiring an additional 63 shares during the period. Creative Planning grew its stake in shares of Ryder System by 0.3% in the second quarter. Creative Planning now owns 26,279 shares of the transportation company’s stock worth $4,178,000 after acquiring an additional 66 shares during the last quarter. Finally, MAI Capital Management increased its position in Ryder System by 57.6% during the second quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock worth $30,000 after acquiring an additional 68 shares during the period. 87.47% of the stock is currently owned by institutional investors.

Ryder System Trading Up 1.6%

Shares of NYSE:R opened at $217.66 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $8.79 billion, a PE ratio of 18.38 and a beta of 0.96. Ryder System has a 1 year low of $125.54 and a 1 year high of $218.36. The firm has a fifty day moving average price of $192.36 and a 200 day moving average price of $183.71.

Ryder System Company Profile

Ryder System, Inc is a leading provider of transportation and supply chain management solutions, serving commercial customers across a range of industries. The company’s Fleet Management Solutions segment offers full-service leasing and rental of medium- and heavy-duty trucks, tractors and trailers, along with maintenance and repair services at its network of service locations. Its Supply Chain Solutions segment provides integrated, technology-driven offerings that span managed transportation, dedicated contract carriage, warehousing and distribution, and e-commerce fulfillment.

Founded in 1933 and headquartered in Miami, Florida, Ryder has grown from a regional truck leasing operation into a diversified, global logistics provider.