Ryder System Inc. (R) Coverage Initiated by Analysts at Credit Agricole SA
Stock analysts at Credit Agricole SA began coverage on shares of Ryder System Inc. (NYSE:R) in a report released on Friday. The brokerage set a “buy” rating on the stock.
R has been the topic of a number of other reports. Royal Bank Of Canada reiterated a “hold” rating on shares of Ryder System in a report on Monday, June 13th. Robert W. Baird reiterated a “buy” rating on shares of Ryder System in a report on Monday, June 13th. Finally, Zacks Investment Research lowered Ryder System from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $81.57.
Ryder System (NYSE:R) opened at 64.44 on Friday. Ryder System has a one year low of $45.12 and a one year high of $76.33. The firm has a 50-day moving average price of $65.28 and a 200-day moving average price of $65.67. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 11.63 and a beta of 1.73.
Ryder System (NYSE:R) last posted its earnings results on Wednesday, July 27th. The company reported $1.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.02. Ryder System had a return on equity of 16.21% and a net margin of 4.44%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the company earned $1.65 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts expect that Ryder System will post $5.97 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Monday, August 22nd were paid a $0.44 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This is a positive change from Ryder System’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 2.73%. Ryder System’s payout ratio is presently 31.71%.
Institutional investors have recently made changes to their positions in the stock. Fiduciary Management Inc. WI boosted its position in shares of Ryder System by 55.2% in the first quarter. Fiduciary Management Inc. WI now owns 1,142,910 shares of the company’s stock valued at $74,038,000 after buying an additional 406,634 shares during the period. M&T Bank Corp bought a new position in shares of Ryder System during the first quarter valued at $262,000. Baker Ellis Asset Management LLC bought a new position in shares of Ryder System during the first quarter valued at $1,647,000. JPMorgan Chase & Co. boosted its position in shares of Ryder System by 261.6% in the first quarter. JPMorgan Chase & Co. now owns 94,976 shares of the company’s stock valued at $6,153,000 after buying an additional 68,707 shares during the period. Finally, Columbia Partners L L C Investment Management bought a new position in shares of Ryder System during the first quarter valued at $5,986,000. Institutional investors own 90.95% of the company’s stock.
Ryder System Company Profile
Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to customers in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.
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