Ryder System, Inc. (NYSE:R) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Ryder System, Inc. (NYSE:R - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $157.00.

R has been the topic of several recent research reports. StockNews.com upgraded Ryder System from a "hold" rating to a "buy" rating in a report on Tuesday. The Goldman Sachs Group increased their price target on Ryder System from $160.00 to $183.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th.

Institutional Trading of Ryder System

Institutional investors and hedge funds have recently bought and sold shares of the business. Keystone Financial Group Inc. purchased a new stake in shares of Ryder System in the fourth quarter worth about $26,000. SBI Securities Co. Ltd. purchased a new stake in Ryder System in the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Ryder System during the 3rd quarter worth approximately $34,000. R Squared Ltd acquired a new position in shares of Ryder System in the 4th quarter valued at $45,000. Finally, Principal Securities Inc. grew its position in Ryder System by 36.5% during the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after buying an additional 92 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

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Ryder System Price Performance

Shares of NYSE:R traded up $1.24 during mid-day trading on Wednesday, reaching $141.70. The stock had a trading volume of 623,993 shares, compared to its average volume of 280,112. The business's 50 day moving average price is $157.35 and its 200 day moving average price is $154.67. Ryder System has a 1 year low of $106.88 and a 1 year high of $171.78. The company has a market cap of $5.91 billion, a P/E ratio of 12.78 and a beta of 1.23. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14.

Ryder System (NYSE:R - Get Free Report) last posted its earnings results on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, beating analysts' consensus estimates of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. Research analysts expect that Ryder System will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were given a dividend of $0.81 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.29%. Ryder System's dividend payout ratio is currently 29.22%.

Ryder System Company Profile

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.