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Ryder System (NYSE:R) shares reached a new 52-week high on Tuesday , American Banking News.com reports. The company traded as high as $92.54 and last traded at $91.56, with a volume of 338,840 shares traded. The stock had previously closed at $90.34.

Several analysts have recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of Ryder System from $115.00 to $117.00 in a research note on Tuesday, August 19th. They now have an “outperform” rating on the stock. Finally, 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. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ryder System presently has a consensus rating of “Buy” and an average target price of $97.29.

The stock’s 50-day moving average is $88.61 and its 200-day moving average is $83.28. The company has a market cap of $4.916 billion and a P/E ratio of 18.52.

Ryder System (NYSE:R) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.44 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.25 earnings per share. The company’s revenue for the quarter 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.

Ryder System, Inc (NYSE:R) is engaged in transportation and supply chain management solutions.

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