Ryder System, Inc. (R) Stock Rating Lowered by ValuEngine
Ryder System, Inc. (NYSE:R) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Monday.
Several other research analysts have also weighed in on R. BidaskClub upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. KeyCorp raised shares of Ryder System from a “sector weight” rating to an “overweight” rating in a report on Wednesday, September 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $68.00 target price on shares of Ryder System in a research note on Tuesday, September 5th. Zacks Investment Research upgraded shares of Ryder System from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Friday, July 7th. Finally, Buckingham Research started coverage on Ryder System in a report on Monday, August 21st. They set a “buy” rating and a $85.00 price target for the company. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Ryder System currently has an average rating of “Buy” and an average price target of $79.50.
Shares of Ryder System (R) traded up 0.40% on Monday, hitting $84.89. 602,247 shares of the stock traded hands. Ryder System has a 52 week low of $62.03 and a 52 week high of $85.50. The firm has a market capitalization of $4.50 billion, a PE ratio of 20.44 and a beta of 1.40. The firm’s 50 day moving average is $78.25 and its 200 day moving average is $72.68.
Ryder System (NYSE:R) last released its earnings results on Wednesday, July 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.07. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.76 billion. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. During the same quarter in the previous year, the business earned $1.56 earnings per share. Ryder System’s quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts expect that Ryder System will post $4.45 EPS for the current fiscal year.
In other Ryder System news, insider Dennis C. Cooke sold 9,650 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $72.75, for a total value of $702,037.50. Following the transaction, the insider now directly owns 2,883 shares of the company’s stock, valued at approximately $209,738.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John S. Sensing sold 4,502 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $73.01, for a total value of $328,691.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,427 shares of company stock worth $2,933,827. 1.95% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of R. JFS Wealth Advisors LLC increased its holdings in shares of Ryder System by 1.1% during the second quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock worth $156,000 after purchasing an additional 24 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Ryder System by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 4,270 shares of the transportation company’s stock valued at $307,000 after buying an additional 71 shares during the period. Mason Street Advisors LLC boosted its stake in shares of Ryder System by 1.0% in the first quarter. Mason Street Advisors LLC now owns 7,389 shares of the transportation company’s stock valued at $557,000 after buying an additional 75 shares during the period. Thrivent Financial For Lutherans boosted its stake in shares of Ryder System by 0.7% in the first quarter. Thrivent Financial For Lutherans now owns 18,750 shares of the transportation company’s stock valued at $1,415,000 after buying an additional 130 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Ryder System by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock valued at $141,000 after buying an additional 156 shares during the period. Hedge funds and other institutional investors own 89.54% of the company’s stock.
About Ryder System
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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