Ryder System Price Target Raised to $101.00 at Robert W. Baird (R)
Stock analysts at Robert W. Baird hoisted their target price on shares of Ryder System (NYSE:R) from $94.00 to $101.00 in a report issued on Tuesday. Robert W. Baird’s price objective points to a potential upside of 14.28% from the stock’s previous close.
A number of other analysts have also recently weighed in on R. 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 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 company’s stock. The stock presently has an average rating of “Buy” and an average price target of $92.50.
Ryder System (NYSE:R) traded down 0.42% on Tuesday, hitting $88.38. The stock had a trading volume of 369,196 shares. Ryder System has a 52-week low of $55.17 and a 52-week high of $89.57. The stock’s 50-day moving average is $86.52 and its 200-day moving average is $78.97. The company has a market cap of $4.700 billion and a price-to-earnings ratio of 19.09.
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 $5.52 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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