Ryder System, Inc. (R) Receives $78.83 Consensus Price Target from Brokerages
Ryder System, Inc. (NYSE:R) has been assigned an average recommendation of “Buy” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $81.83.
Several research analysts recently issued reports on R shares. Zacks Investment Research raised Ryder System from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. ValuEngine raised Ryder System from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. BidaskClub raised Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Buckingham Research began coverage on Ryder System in a research note on Monday, August 21st. They set a “buy” rating and a $85.00 price target on the stock. Finally, Stifel Nicolaus restated a “hold” rating and set a $68.00 price target on shares of Ryder System in a research note on Tuesday, September 5th.
Ryder System (NYSE R) traded down 0.05% during mid-day trading on Friday, reaching $84.85. 399,180 shares of the company’s stock were exchanged. Ryder System has a one year low of $62.03 and a one year high of $85.50. The company’s 50-day moving average is $78.25 and its 200 day moving average is $72.68. The firm has a market capitalization of $4.50 billion, a P/E ratio of 20.43 and a beta of 1.40.
Ryder System (NYSE:R) last posted its earnings results on Wednesday, July 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.07. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the firm earned $1.56 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts predict that Ryder System will post $4.45 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Monday, August 21st were given a $0.46 dividend. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.17%. This is an increase from Ryder System’s previous quarterly dividend of $0.44. Ryder System’s dividend payout ratio is 44.12%.
In other Ryder System news, CEO Robert E. Sanchez sold 26,275 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $72.43, for a total transaction of $1,903,098.25. Following the completion of the transaction, the chief executive officer now directly owns 107,237 shares in the company, valued at $7,767,175.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John S. Sensing sold 4,502 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $73.01, for a total transaction of $328,691.02. The disclosure for this sale can be found here. Insiders have sold a total of 40,427 shares of company stock worth $2,933,827 over the last 90 days. Insiders own 1.95% of the company’s stock.
Large investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. lifted its holdings in Ryder System by 1,152.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 16,028 shares of the transportation company’s stock valued at $1,154,000 after purchasing an additional 14,748 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Ryder System by 9.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 25,412 shares of the transportation company’s stock worth $1,829,000 after purchasing an additional 2,204 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in Ryder System by 14.3% during the 2nd quarter. Coldstream Capital Management Inc. now owns 8,709 shares of the transportation company’s stock worth $627,000 after purchasing an additional 1,088 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Ryder System by 24.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 87,298 shares of the transportation company’s stock worth $6,284,000 after purchasing an additional 17,406 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Ryder System during the 2nd quarter worth $11,423,000. Institutional investors own 89.54% of the company’s stock.
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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 leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally 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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