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Equities research analysts at BMO Capital Markets started coverage on shares of Ryder System (NYSE:R) in a research note issued to investors on Thursday. The firm set a “market perform” rating and a $36.00 price target on the stock. BMO Capital Markets’ price target suggests a potential downside of 61.23% from the company’s current price.

Ryder System (NYSE:R) opened at 92.88 on Thursday. Ryder System has a 1-year low of $55.63 and a 1-year high of $93.85. The stock has a 50-day moving average of $88.90 and a 200-day moving average of $83.76. The company has a market cap of $4.929 billion and a P/E ratio of 18.99.

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. On average, analysts predict that Ryder System will post $5.59 earnings per share for the current fiscal year.

Several other analysts have also 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. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Ryder System presently has a consensus rating of “Buy” and an average target price of $89.63.

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

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