Ryder System, Inc. (NYSE:R) Receives $157.00 Average PT from Analysts

Ryder System, Inc. (NYSE:R) has earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $157.00.

R has been the topic of a number of analyst reports. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, The Goldman Sachs Group lifted their price target on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, December 12th.

Institutional Investors Weigh In On Ryder System

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kovitz Investment Group Partners LLC lifted its position in shares of Ryder System by 376.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company’s stock worth $1,405,000 after purchasing an additional 7,715 shares in the last quarter. James Investment Research Inc. lifted its holdings in Ryder System by 32.0% during the 4th quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company’s stock worth $1,941,000 after buying an additional 2,999 shares in the last quarter. Franklin Resources Inc. boosted its position in Ryder System by 14.3% in the 3rd quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock valued at $20,724,000 after buying an additional 17,074 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Ryder System in the 4th quarter valued at $12,242,000. Finally, Algert Global LLC raised its position in shares of Ryder System by 43.5% during the third quarter. Algert Global LLC now owns 25,547 shares of the transportation company’s stock worth $3,725,000 after acquiring an additional 7,750 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Price Performance

Shares of Ryder System stock opened at $144.98 on Wednesday. The firm has a market cap of $6.05 billion, a P/E ratio of 13.07 and a beta of 1.23. The firm’s 50-day simple moving average is $156.84 and its 200-day simple moving average is $155.04. Ryder System has a twelve month low of $106.88 and a twelve month high of $171.78. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75.

Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. As a group, research analysts expect that Ryder System will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were given a dividend of $0.81 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 annualized dividend and a yield of 2.23%. Ryder System’s dividend payout ratio (DPR) is 29.22%.

About Ryder System

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.