Ryder System Given Consensus Recommendation of “Buy” by Analysts (NYSE:R)
Ryder System (NYSE:R) has been given a consensus rating of “Buy” by the eleven ratings firms that are presently covering the company, AR Network reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $97.00.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of Ryder System from $104.00 to $115.00 in a research note on Thursday, July 24th. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James downgraded shares of Ryder System from a “strong-buy” rating to an “outperform” rating in a research note on Wednesday, July 23rd. Finally, analysts at Robert W. Baird raised their price target on shares of Ryder System from $94.00 to $101.00 in a research note on Tuesday, July 8th.
Shares of Ryder System (NYSE:R) opened at 87.83 on Friday. Ryder System has a 1-year low of $55.17 and a 1-year high of $91.91. The stock has a 50-day moving average of $88.00 and a 200-day moving average of $81.73. The company has a market cap of $4.661 billion and a price-to-earnings ratio of 17.92.
Ryder System (NYSE:R) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.40 by $0.04. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the company posted $1.25 earnings per share. Ryder System’s revenue was up 5.0% compared to the same quarter last year. Analysts expect that Ryder System will post $5.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Investors of record on Monday, August 18th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Thursday, August 14th. This is an increase from Ryder System’s previous quarterly dividend of $0.34.
Ryder System, Inc (NYSE:R) is engaged in transportation and supply chain management solutions.
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