Ryder System Inc. (NYSE:R)‘s stock had its “hold” rating reissued by investment analysts at KeyCorp in a report released on Sunday.
R has been the topic of a number of other research reports. Zacks Investment Research cut shares of Ryder System from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Royal Bank Of Canada reissued a “hold” rating on shares of Ryder System in a research report on Monday, June 13th. Credit Agricole SA started 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 on the stock. Finally, Robert W. Baird reissued a “buy” rating on shares of Ryder System in a research report on Monday, June 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Ryder System has a consensus rating of “Buy” and an average price target of $81.38.
Ryder System (NYSE:R) opened at 66.48 on Friday. The stock has a market cap of $3.56 billion, a P/E ratio of 12.00 and a beta of 1.63. Ryder System has a 12 month low of $45.12 and a 12 month high of $76.08. The stock has a 50 day moving average of $65.46 and a 200-day moving average of $65.81.
Ryder System (NYSE:R) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.02. Ryder System had a net margin of 4.44% and a return on equity of 16.21%. The firm earned $1.70 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the firm posted $1.65 earnings per share. Ryder System’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that Ryder System will post $5.97 EPS for the current fiscal year.
The business 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 currently 31.71%.
Institutional investors have recently made changes to their positions in the stock. Jennison Associates LLC acquired a new position in shares of Ryder System during the second quarter worth about $93,320,000. Fiduciary Management Inc. WI raised its position in shares of Ryder System by 55.2% in the first quarter. Fiduciary Management Inc. WI now owns 1,142,910 shares of the company’s stock worth $74,038,000 after buying an additional 406,634 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of Ryder System during the second quarter worth about $21,089,000. Wellington Management Group LLP acquired a new position in shares of Ryder System during the first quarter worth about $22,300,000. Finally, Bank of New York Mellon Corp raised its position in shares of Ryder System by 39.5% in the second quarter. Bank of New York Mellon Corp now owns 817,427 shares of the company’s stock worth $49,977,000 after buying an additional 231,300 shares during the period. Institutional investors own 90.95% 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 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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