Ryder System Given Average Recommendation of “Buy” by Brokerages (NYSE:R)
Ryder System (NYSE:R) has earned an average rating of “Buy” from the thirteen analysts that are covering the stock, Analyst Ratings.Net reports. Three analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $88.11.
A number of research firms have recently commented on R. Analysts at Zacks reiterated a “neutral” rating on shares of Ryder System in a research note on Thursday, May 22nd. They now have a $87.00 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Ryder System from $87.00 to $98.00 in a research note on Thursday, April 24th. They now have a “strong-buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Ryder System from $83.00 to $95.00 in a research note on Thursday, April 24th. They now have a “top pick” rating on the stock.
Ryder System (NYSE:R) traded up 1.74% during mid-day trading on Wednesday, hitting $85.45. The stock had a trading volume of 206,124 shares. Ryder System has a one year low of $55.17 and a one year high of $84.90. The stock has a 50-day moving average of $81.8 and a 200-day moving average of $75.05. The company has a market cap of $4.545 billion and a price-to-earnings ratio of 18.07.
Ryder System (NYSE:R) last released its earnings data on Wednesday, April 23rd. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.05. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. Analysts expect that Ryder System will post $5.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 20th. Investors of record on Monday, May 19th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Thursday, May 15th.
Ryder System, Inc (NYSE:R) is engaged in transportation and supply chain management solutions.
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