Ryder System (NYSE:R) Price Target Lowered to $174.00 at JPMorgan Chase & Co.

Ryder System (NYSE:R - Get Free Report) had its price objective reduced by investment analysts at JPMorgan Chase & Co. from $176.00 to $174.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 4.58% from the company's current price.

A number of other analysts also recently weighed in on the stock. StockNews.com downgraded shares of Ryder System from a "buy" rating to a "hold" rating in a research report on Tuesday, October 29th. The Goldman Sachs Group increased their target price on shares of Ryder System from $160.00 to $183.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $157.00.

Ryder System Price Performance

NYSE R traded up $5.30 during trading hours on Thursday, reaching $166.37. 509,113 shares of the company's stock were exchanged, compared to its average volume of 337,776. The firm has a fifty day moving average of $160.29 and a 200-day moving average of $152.06. Ryder System has a one year low of $106.62 and a one year high of $171.78. The stock has a market cap of $7.04 billion, a PE ratio of 15.56 and a beta of 1.29. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.17.

Ryder System (NYSE:R - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.39 by $0.06. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. On average, equities research analysts predict that Ryder System will post 12 earnings per share for the current fiscal year.

Institutional Trading of Ryder System

Hedge funds have recently made changes to their positions in the business. Deutsche Bank AG lifted its position in Ryder System by 1.6% during the fourth quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company's stock worth $649,000 after acquiring an additional 65 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Ryder System by 0.9% during the fourth quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company's stock worth $1,282,000 after purchasing an additional 68 shares during the period. Savant Capital LLC lifted its holdings in Ryder System by 3.6% during the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company's stock worth $382,000 after purchasing an additional 84 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Ryder System by 0.9% in the 4th quarter. Baird Financial Group Inc. now owns 9,826 shares of the transportation company's stock valued at $1,541,000 after purchasing an additional 90 shares during the period. Finally, Principal Securities Inc. grew its stake in shares of Ryder System by 36.5% in the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after acquiring an additional 92 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

About Ryder System

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.