Ryder System Reaches New 1-Year High at $89.25 (R)
Ryder System (NYSE:R) shares hit a new 52-week high during mid-day trading on Monday , AnalystRatings.NET reports. The company traded as high as $89.25 and last traded at $88.80, with a volume of 285,961 shares changing hands. The stock had previously closed at $87.97.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs raised their price target on shares of Ryder System from $94.00 to $96.00 in a research note on Wednesday, May 28th. Separately, 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. Finally, 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. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $88.90.
The stock’s 50-day moving average is $83.40 and its 200-day moving average is $76.04. The company has a market cap of $4.708 billion and a P/E ratio of 18.92.
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 declared a quarterly dividend, which is scheduled for Friday, June 20th. Investors of record on Monday, May 19th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, May 15th.
In other Ryder System news, CEO Robert E. Sanchez unloaded 25,245 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $85.47, for a total transaction of $2,157,690.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Ryder System, Inc (NYSE:R) is engaged in transportation and supply chain management solutions.
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