Ryder System Inc. (NYSE:R) Receives Consensus Rating of “Buy” from Brokerages
Ryder System Inc. (NYSE:R) has been assigned a consensus recommendation of “Buy” from the nine analysts that are presently covering the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $85.60.
Several analysts have commented on R shares. Robert W. Baird restated a “buy” rating on shares of Ryder System in a research note on Monday, June 13th. Royal Bank Of Canada restated a “hold” rating on shares of Ryder System in a research note on Monday, June 13th. Finally, Zacks Investment Research upgraded shares of Ryder System from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th.
Shares of Ryder System (NYSE:R) traded down 1.99% during mid-day trading on Tuesday, hitting $63.96. 313,539 shares of the stock were exchanged. The stock’s 50-day moving average price is $65.41 and its 200-day moving average price is $65.56. Ryder System has a 52-week low of $45.12 and a 52-week high of $80.13. The company has a market cap of $3.42 billion, a P/E ratio of 11.55 and a beta of 1.73.
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Ryder System (NYSE:R) last released its earnings results on Wednesday, July 27th. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.02. The company earned $1.70 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Ryder System had a net margin of 4.44% and a return on equity of 16.21%. Ryder System’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the business earned $1.65 EPS. Equities research analysts anticipate that Ryder System will post $5.97 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Monday, August 22nd were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Thursday, August 18th. This is a positive change from Ryder System’s previous quarterly dividend of $0.41. Ryder System’s payout ratio is presently 31.71%.
Large investors have recently modified their holdings of the company. Kentucky Retirement Systems bought a new stake in shares of Ryder System during the second quarter valued at approximately $279,000. Mason Street Advisors LLC bought a new stake in shares of Ryder System during the second quarter valued at approximately $442,000. Wolverine Asset Management LLC bought a new stake in shares of Ryder System during the second quarter valued at approximately $2,086,000. IFP Advisors Inc raised its stake in shares of Ryder System by 14.2% in the second quarter. IFP Advisors Inc now owns 4,645 shares of the company’s stock valued at $284,000 after buying an additional 576 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Ryder System by 1.6% in the second quarter. Public Employees Retirement System of Ohio now owns 21,173 shares of the company’s stock valued at $1,295,000 after buying an additional 339 shares during the last quarter. 91.81% of the stock is owned by institutional investors.
Ryder System Company Profile
Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to customers in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.
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