Ryder System (NYSE:R)‘s stock had its “hold” rating reissued by equities researchers at Seaport Global Securities in a report released on Friday. Seaport Global Securities also issued estimates for Ryder System’s Q1 2018 earnings at $0.86 EPS, Q2 2018 earnings at $1.31 EPS, Q3 2018 earnings at $1.66 EPS, Q4 2018 earnings at $1.68 EPS, FY2018 earnings at $5.50 EPS, Q1 2019 earnings at $1.04 EPS, Q2 2019 earnings at $1.45 EPS, Q3 2019 earnings at $1.85 EPS, Q4 2019 earnings at $1.76 EPS and FY2019 earnings at $6.10 EPS.
A number of other research analysts also recently weighed in on R. Stifel Nicolaus reaffirmed a “hold” rating on shares of Ryder System in a research note on Friday. Zacks Investment Research downgraded Ryder System from a “buy” rating to a “hold” rating in a research note on Friday. KeyCorp reaffirmed an “overweight” rating and set a $95.00 price target (down from $100.00) on shares of Ryder System in a research note on Tuesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $73.00 price target (down from $94.00) on shares of Ryder System in a research note on Tuesday. Finally, Buckingham Research reaffirmed a “buy” rating and set a $90.00 price target (down from $101.00) on shares of Ryder System in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $88.00.
Shares of Ryder System (NYSE R) traded up $0.19 during trading hours on Friday, hitting $74.54. The stock had a trading volume of 537,373 shares, compared to its average volume of 654,740. The firm has a market cap of $3,938.88, a P/E ratio of 5.01, a price-to-earnings-growth ratio of 0.88 and a beta of 1.41. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.66 and a quick ratio of 0.96. Ryder System has a 12 month low of $62.52 and a 12 month high of $90.26.
Ryder System (NYSE:R) last announced its quarterly earnings data on Friday, February 16th. The transportation company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.01. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.84 billion. Ryder System had a return on equity of 10.47% and a net margin of 10.78%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS. research analysts predict that Ryder System will post 5.61 EPS for the current fiscal year.
Ryder System announced that its Board of Directors has approved a share repurchase program on Thursday, December 14th that authorizes the company to buyback 1,500,000 shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
In other Ryder System news, EVP Robert D. Fatovic sold 17,755 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $82.44, for a total transaction of $1,463,722.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.95% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of R. The Manufacturers Life Insurance Company increased its holdings 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 in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Ryder System in the third quarter valued at approximately $668,000. First Trust Advisors LP grew its holdings in shares of Ryder System by 33.4% in the third quarter. First Trust Advisors LP now owns 393,899 shares of the transportation company’s stock valued at $33,304,000 after acquiring an additional 98,521 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Ryder System by 14.0% in the third quarter. Aperio Group LLC now owns 68,876 shares of the transportation company’s stock valued at $5,823,000 after acquiring an additional 8,471 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Ryder System in the third quarter valued at approximately $671,000. 89.79% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: This article was originally reported by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://transcriptdaily.com/2018/02/24/ryder-systems-r-hold-rating-reaffirmed-at-seaport-global-securities.html.
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.
Receive News & Ratings for Ryder System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System and related companies with MarketBeat.com's FREE daily email newsletter.