Ryder System, Inc. (R) Receives Average Rating of “Buy” from Brokerages

Shares of Ryder System, Inc. (NYSE:R) have received an average rating of “Buy” from the twelve analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $73.57.

Several research firms have issued reports on R. Zacks Investment Research upgraded shares of Ryder System from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. TheStreet upgraded shares of Ryder System from a “c+” rating to a “b-” rating in a report on Thursday, February 21st.

NYSE:R opened at $61.25 on Friday. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.65 and a current ratio of 0.95. Ryder System has a one year low of $44.80 and a one year high of $79.95. The company has a market cap of $3.37 billion, a P/E ratio of 10.58 and a beta of 1.71.

Ryder System (NYSE:R) last released its quarterly earnings results on Tuesday, April 30th. The transportation company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.12. Ryder System had a net margin of 3.28% and a return on equity of 11.26%. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the business earned $0.91 EPS. The company’s revenue was up 14.5% compared to the same quarter last year. On average, analysts expect that Ryder System will post 6.18 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of Ryder System by 115.9% in the 1st quarter. CWM LLC now owns 408 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 219 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Ryder System by 155.3% in the 4th quarter. Bessemer Group Inc. now owns 720 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 438 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of Ryder System by 54.3% in the 1st quarter. Meeder Asset Management Inc. now owns 725 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 255 shares in the last quarter. JOYN Advisors Inc. increased its stake in shares of Ryder System by 205.7% in the 4th quarter. JOYN Advisors Inc. now owns 804 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 541 shares in the last quarter. Finally, Flagship Harbor Advisors LLC increased its stake in shares of Ryder System by 49.3% in the 1st quarter. Flagship Harbor Advisors LLC now owns 833 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 275 shares in the last quarter. Institutional investors own 91.98% of the company’s stock.

Ryder System Company Profile

Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services.

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Analyst Recommendations for Ryder System (NYSE:R)

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