Ryder System Price Target Raised to $117.00 at FBR Capital Markets (R)
FBR Capital Markets raised their price target on shares of Ryder System (NYSE:R) from $115.00 to $117.00 in a research note issued on Tuesday. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target suggests a potential upside of 31.43% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Ryder System has an average rating of “Buy” and an average target price of $97.29.
Ryder System (NYSE:R) opened at 89.02 on Tuesday. Ryder System has a one year low of $55.17 and a one year high of $91.91. The stock has a 50-day moving average of $88.06 and a 200-day moving average of $82.13. The company has a market cap of $4.724 billion and a P/E ratio of 17.88.
Ryder System (NYSE:R) last released its earnings data on Wednesday, July 23rd. The company reported $1.44 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.25 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. Analysts expect that Ryder System will post $5.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders of record on Monday, August 18th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend 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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