Ryder System Reaches New 1-Year High at $86.20 (R)
Shares of Ryder System (NYSE:R) hit a new 52-week high during mid-day trading on Wednesday , Analyst Ratings News reports. The company traded as high as $86.20 and last traded at $85.33, with a volume of 451,017 shares. The stock had previously closed at $83.99.
Several analysts have 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 given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $88.11.
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 $4.540 billion and a P/E 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 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. 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. Shareholders 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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