Ryder System (NYSE:R) Upgraded to "Buy" at StockNews.com

Ryder System (NYSE:R - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Tuesday.

Several other research analysts have also commented on the company. The Goldman Sachs Group lifted 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. JPMorgan Chase & Co. reduced 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Ryder System has an average rating of "Moderate Buy" and a consensus target price of $157.00.

Ryder System Stock Performance

R traded up $1.24 during trading on Tuesday, reaching $141.70. 623,993 shares of the company's stock were exchanged, compared to its average volume of 280,401. The stock has a market capitalization of $5.91 billion, a P/E ratio of 12.78 and a beta of 1.23. Ryder System has a 1 year low of $106.88 and a 1 year high of $171.78. The company's fifty day simple moving average is $157.35 and its 200-day simple moving average is $154.78. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75.

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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 for the quarter, beating the consensus estimate 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, research analysts predict that Ryder System will post 13.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Ryder System by 16.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,068 shares of the transportation company's stock valued at $952,000 after purchasing an additional 858 shares during the period. Phocas Financial Corp. boosted its position in shares of Ryder System by 35.4% in the fourth quarter. Phocas Financial Corp. now owns 46,545 shares of the transportation company's stock worth $7,301,000 after buying an additional 12,158 shares during the period. Total Wealth Planning & Management Inc. acquired a new position in shares of Ryder System in the 4th quarter valued at about $386,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Ryder System during the fourth quarter worth $16,317,000. Finally, Leigh Baldwin & CO. LLC bought a new stake in shares of Ryder System in the 4th quarter valued at approximately $258,000. 87.47% of the stock is currently owned by institutional investors.

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.