Ryder System (NYSE:R) Lowered to Hold Rating by StockNews.com

Ryder System (NYSE:R - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday.

Several other equities research analysts have also issued reports on R. The Goldman Sachs Group lifted their price objective on Ryder System from $160.00 to $183.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. dropped their price target on Ryder System from $176.00 to $174.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Ryder System has a consensus rating of "Moderate Buy" and an average target price of $157.00.

Ryder System Stock Performance

R stock traded down $3.44 during midday trading on Wednesday, reaching $140.53. 240,859 shares of the company's stock traded hands, compared to its average volume of 291,814. The firm has a market capitalization of $5.87 billion, a PE ratio of 12.67 and a beta of 1.23. The company has a 50-day moving average price of $155.53 and a two-hundred day moving average price of $155.10. Ryder System has a 52 week low of $106.88 and a 52 week high of $171.78. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75.

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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%. As a group, equities analysts anticipate that Ryder System will post 13.68 EPS for the current year.

Institutional Inflows and Outflows

A number of 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 4th quarter valued at $26,000. SBI Securities Co. Ltd. bought a new position in shares of Ryder System during the fourth quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Ryder System in the third quarter worth about $34,000. R Squared Ltd bought a new stake in shares of Ryder System in the 4th quarter valued at about $45,000. Finally, Principal Securities Inc. boosted its holdings in Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company's stock valued at $54,000 after acquiring an additional 92 shares during the period. 87.47% of the stock is currently owned by institutional investors.

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.