Ryder System Inc. Reaches New 12-Month High at $74.45 (R)
Ryder System (NYSE:R)’s share price reached a new 52-week high during mid-day trading on Friday, ARN reports. The stock traded as high as $74.45 and last traded at $74.21, with a volume of 347,900 shares traded. The stock had previously closed at $73.36.
A number of research firms have recently commented on R. Analysts at Stephens upgraded shares of Ryder System from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, December 23rd. Separately, analysts at RBC Capital raised their price target on shares of Ryder System from $75.00 to $83.00 in a research note to investors on Monday, December 16th. They now have a “top pick” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Ryder System in a research note to investors on Wednesday, December 4th. They now have a $73.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Ryder System has a consensus rating of “Buy” and an average price target of $74.10.
Ryder System has a 52-week low of $52.58 and a 52-week high of $73.97. The stock’s 50-day moving average is $71.04 and its 200-day moving average is $63.8. The company has a market cap of $3.908 billion and a P/E ratio of 16.84.
Ryder System (NYSE:R) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.44 by $0.02. The company had revenue of $1.63 million for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the company posted $1.28 earnings per share. Ryder System’s revenue was up 3.9% compared to the same quarter last year. Analysts expect that Ryder System will post $4.82 EPS for the current fiscal year.
Ryder System, Inc (NYSE:R) is engaged in transportation and supply chain management solutions.
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