Ryder System’s (R) “Hold” Rating Reiterated at KeyCorp
Ryder System Inc. (NYSE:R)‘s stock had its “hold” rating reissued by investment analysts at KeyCorp in a research note issued to investors on Sunday.
R has been the topic of several other research reports. Zacks Investment Research downgraded Ryder System from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Royal Bank Of Canada reissued a “hold” rating on shares of Ryder System in a research note on Monday, June 13th. Credit Agricole SA began coverage on Ryder System in a research note on Friday, September 30th. They issued a “buy” rating and a $80.00 price target on the stock. Finally, Robert W. Baird reissued a “buy” rating on shares of Ryder System in a research note on Monday, June 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Ryder System has an average rating of “Buy” and an average price target of $81.38.
Shares of Ryder System (NYSE:R) opened at 66.48 on Friday. The company’s 50-day moving average price is $65.46 and its 200 day moving average price is $65.81. The company has a market cap of $3.56 billion, a P/E ratio of 12.00 and a beta of 1.63. Ryder System has a 52 week low of $45.12 and a 52 week high of $76.08.
Ryder System (NYSE:R) last posted its earnings results on Wednesday, July 27th. The company reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.02. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. Ryder System had a return on equity of 16.21% and a net margin of 4.44%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 earnings per share. On average, equities analysts forecast that Ryder System will post $5.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Monday, November 21st will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.65%. Ryder System’s dividend payout ratio is currently 31.71%.
Hedge funds have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. bought a new stake in Ryder System during the third quarter worth about $208,000. Bremer Trust National Association acquired a new position in Ryder System during the third quarter worth approximately $703,000. Franklin Street Advisors Inc. NC acquired a new position in Ryder System during the third quarter worth approximately $715,000. Kentucky Retirement Systems acquired a new position in Ryder System during the second quarter worth approximately $279,000. Finally, Mason Street Advisors LLC acquired a new position in Ryder System during the second quarter worth approximately $442,000. 90.95% of the stock is currently owned by institutional investors and hedge funds.
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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