Ryder System, Inc. (NYSE:R) Receives $157.00 Consensus Target Price from Analysts

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

A number of research firms recently commented on R. JPMorgan Chase & Co. lowered their price target on shares of Ryder System from $176.00 to $174.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. StockNews.com downgraded Ryder System from a "buy" rating to a "hold" rating in a research note on Wednesday, March 26th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. HighTower Advisors LLC grew its stake in Ryder System by 4.7% during the third quarter. HighTower Advisors LLC now owns 7,537 shares of the transportation company's stock worth $1,089,000 after purchasing an additional 339 shares during the period. Stifel Financial Corp increased its stake in shares of Ryder System by 4.5% in the 3rd quarter. Stifel Financial Corp now owns 28,552 shares of the transportation company's stock valued at $4,163,000 after acquiring an additional 1,219 shares in the last quarter. MML Investors Services LLC increased its stake in shares of Ryder System by 4.7% in the 3rd quarter. MML Investors Services LLC now owns 2,078 shares of the transportation company's stock valued at $303,000 after acquiring an additional 94 shares in the last quarter. Barclays PLC boosted its stake in Ryder System by 13.1% during the third quarter. Barclays PLC now owns 28,780 shares of the transportation company's stock worth $4,196,000 after acquiring an additional 3,344 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Ryder System by 0.8% in the third quarter. Geode Capital Management LLC now owns 722,689 shares of the transportation company's stock worth $105,397,000 after purchasing an additional 5,860 shares during the period. Institutional investors and hedge funds own 87.47% of the company's stock.

Remove Ads

Ryder System Stock Performance

Shares of R stock traded down $3.38 on Friday, reaching $137.30. The stock had a trading volume of 195,514 shares, compared to its average volume of 385,966. Ryder System has a 12 month low of $106.88 and a 12 month high of $171.78. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 12.38 and a beta of 1.10. The firm's 50-day moving average is $149.43 and its two-hundred day moving average is $154.67. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (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%. On average, research analysts expect that Ryder System will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System's 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.