Ryder System PT Raised to $96.00 at Goldman Sachs (R)
Equities research analysts at Goldman Sachs boosted their target price on shares of Ryder System (NYSE:R) from $94.00 to $96.00 in a research note issued to investors on Wednesday. Goldman Sachs’ target price points to a potential upside of 14.30% from the stock’s previous close.
Ryder System (NYSE:R) traded up 2.04% on Wednesday, hitting $85.70. 795,024 shares of the company’s stock traded hands. Ryder System has a 52 week low of $55.17 and a 52 week 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 $4.558 billion and a P/E ratio of 18.07.
Ryder System (NYSE:R) last announced its earnings results on Wednesday, April 23rd. The company reported $0.92 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.81 earnings per share. Ryder System’s revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that Ryder System will post $5.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 20th. Stockholders 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.
Several other analysts have also recently commented on the stock. 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. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $88.90.
Ryder System, Inc (NYSE:R) is engaged in transportation and supply chain management solutions.
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