A number of other research firms have also commented on R. Zacks Investment Research lowered shares of Ryder System from a hold rating to a sell rating in a research report on Tuesday, July 26th. Robert W. Baird restated a buy rating on shares of Ryder System in a research report on Monday, June 13th. Royal Bank Of Canada restated a hold rating on shares of Ryder System in a research report on Monday, June 13th. Finally, Credit Agricole SA assumed coverage on shares of Ryder System in a research report on Friday, September 30th. They set a buy rating and a $80.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $81.38.
Shares of Ryder System (NYSE:R) opened at 66.48 on Friday. The firm has a market capitalization of $3.56 billion, a P/E ratio of 12.00 and a beta of 1.63. The firm’s 50-day moving average price is $65.46 and its 200-day moving average price is $65.81. Ryder System has a one year low of $45.12 and a one year high of $76.08.
Ryder System (NYSE:R) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.02. The firm earned $1.70 billion during the quarter, compared to analyst estimates of $1.70 billion. Ryder System had a net margin of 4.44% and a return on equity of 16.21%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.65 EPS. On average, equities analysts forecast that Ryder System will post $5.97 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Monday, November 21st will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.65%. Ryder System’s dividend payout ratio is presently 31.71%.
Institutional investors have recently modified their holdings of the stock. BlackRock Japan Co. Ltd increased its position in shares of Ryder System by 1.4% in the first quarter. BlackRock Japan Co. Ltd now owns 2,735 shares of the company’s stock valued at $177,000 after buying an additional 39 shares during the period. Advance Capital I Inc. purchased a new position in shares of Ryder System during the second quarter valued at approximately $202,000. Sentry Investment Management LLC purchased a new position in shares of Ryder System during the first quarter valued at approximately $203,000. First Mercantile Trust Co. purchased a new position in shares of Ryder System during the third quarter valued at approximately $208,000. Finally, Societe Generale purchased a new position in shares of Ryder System during the second quarter valued at approximately $215,000. 90.95% of the stock is owned by hedge funds and other institutional investors.
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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