Ryder System (NYSE:R) Downgraded by StockNews.com to "Hold"

Ryder System (NYSE:R - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Tuesday.

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

Ryder System Stock Up 3.0 %

NYSE R traded up $4.76 during trading on Tuesday, reaching $164.40. 441,199 shares of the company's stock were exchanged, compared to its average volume of 363,210. The stock has a market cap of $6.92 billion, a P/E ratio of 14.82 and a beta of 1.29. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The company has a 50 day moving average price of $160.77 and a two-hundred day moving average price of $153.98. Ryder System has a 1 year low of $106.88 and a 1 year high of $171.78.

Ryder System (NYSE:R - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, topping 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, equities research analysts anticipate that Ryder System will post 13.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Ryder System

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wealthfront Advisers LLC acquired a new position in Ryder System in the 4th quarter valued at $314,075,000. Norges Bank acquired a new position in Ryder System in the 4th quarter valued at $97,844,000. Jacobs Levy Equity Management Inc. raised its holdings in Ryder System by 212.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 425,614 shares of the transportation company's stock valued at $62,055,000 after acquiring an additional 289,388 shares during the last quarter. FMR LLC raised its holdings in Ryder System by 56.2% in the 3rd quarter. FMR LLC now owns 781,519 shares of the transportation company's stock valued at $113,945,000 after acquiring an additional 281,052 shares during the last quarter. Finally, Leigh Baldwin & CO. LLC acquired a new position in Ryder System in the 4th quarter valued at $40,475,000. Hedge funds and other institutional investors own 87.47% of the company's stock.

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.