Ryder System Given Average Rating of “Buy” by Brokerages (NYSE:R)
Ryder System (NYSE:R) has received an average rating of “Buy” from the eleven analysts that are currently covering the company, American Banking & Market News reports. One analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year 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.
Ryder System (NYSE:R) opened at 89.02 on Friday. Ryder System has a one year low of $55.17 and a one year high of $91.91. The stock’s 50-day moving average is $88.06 and its 200-day moving average is $82.13. The company has a market cap of $4.724 billion and a price-to-earnings ratio of 17.88.
Ryder System (NYSE:R) last released its earnings data 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. On average, analysts predict that Ryder System will post $5.59 earnings per share 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 1.66%. 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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