Ryder System (NYSE:R - Get Free Report) had its target price dropped by stock analysts at JPMorgan Chase & Co. from $148.00 to $144.00 in a report issued on Friday, Benzinga reports. The firm currently has a "neutral" rating on the transportation company's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 3.03% from the stock's previous close.
A number of other research analysts have also weighed in on the stock. StockNews.com raised shares of Ryder System from a "hold" rating to a "buy" rating in a research note on Monday. Robert W. Baird raised their target price on Ryder System from $140.00 to $155.00 and gave the company an "outperform" rating in a research report on Friday, July 26th. Finally, Stephens assumed coverage on Ryder System in a research report on Monday, July 8th. They set an "equal weight" rating for the company. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $140.57.
View Our Latest Stock Report on R
Ryder System Stock Performance
Shares of NYSE:R traded up $0.90 during trading on Friday, hitting $139.76. The stock had a trading volume of 316,647 shares, compared to its average volume of 262,257. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.09. Ryder System has a 12-month low of $91.31 and a 12-month high of $154.76. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 18.23 and a beta of 1.28. The stock has a 50-day simple moving average of $142.90 and a two-hundred day simple moving average of $130.81.
Ryder System (NYSE:R - Get Free Report) last posted its earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.39 by $0.05. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The firm's quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.58 earnings per share. On average, equities research analysts expect that Ryder System will post 12.2 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $139.32, for a total value of $1,773,543.60. Following the sale, the executive vice president now directly owns 47,779 shares of the company's stock, valued at approximately $6,656,570.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 5.10% of the company's stock.
Institutional Trading of Ryder System
A number of large investors have recently made changes to their positions in R. EntryPoint Capital LLC purchased a new position in shares of Ryder System in the 1st quarter valued at approximately $25,000. Wolff Wiese Magana LLC acquired a new stake in Ryder System in the third quarter valued at $28,000. Altshuler Shaham Ltd purchased a new position in Ryder System during the 2nd quarter valued at about $29,000. UMB Bank n.a. raised its position in shares of Ryder System by 43.2% during the 3rd quarter. UMB Bank n.a. now owns 265 shares of the transportation company's stock worth $39,000 after purchasing an additional 80 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Ryder System in the second quarter valued at $51,000. 87.47% of the stock is owned by institutional investors and hedge funds.
About Ryder System
(
Get Free Report)
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.
See Also
Before you consider Ryder System, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ryder System wasn't on the list.
While Ryder System currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
