Ryder System Reaches New 12-Month High at $89.57 (R)
Ryder System (NYSE:R)’s share price hit a new 52-week high during trading on Wednesday , AnalystRatings.NET reports. The stock traded as high as $89.57 and last traded at $88.36, with a volume of 136,385 shares changing hands. The stock had previously closed at $88.92.
A number of analysts have recently weighed in on R shares. Analysts at KeyCorp reiterated a “buy” rating on shares of Ryder System in a research note on Friday, June 13th. They now have a $100.00 price target on the stock, up previously from $95.00. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Ryder System presently has an average rating of “Buy” and a consensus target price of $89.91.
The stock has a 50-day moving average of $85.92 and a 200-day moving average of $78.50. The company has a market cap of $4.719 billion and a P/E ratio of 19.13.
Ryder System (NYSE:R) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.92 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. On average, analysts predict that Ryder System will post $5.52 earnings per share for the current fiscal year.
Ryder System, Inc (NYSE:R) is engaged in transportation and supply chain management solutions.
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