Ryder System Inc. (NYSE:R)‘s stock had its “hold” rating reaffirmed by analysts at KeyCorp in a report released on Sunday.

A number of other analysts also recently issued reports on R. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Ryder System in a report on Monday, June 13th. Zacks Investment Research raised Ryder System from a “sell” rating to a “hold” rating in a report on Friday, September 23rd. Robert W. Baird reissued a “buy” rating on shares of Ryder System in a report on Monday, June 13th. Finally, Credit Agricole SA initiated coverage on Ryder System in a report on Friday, September 30th. They issued a “buy” rating and a $80.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $81.38.

Analyst Recommendations for Ryder System (NYSE:R)

Shares of Ryder System (NYSE:R) opened at 66.48 on Friday. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 12.00 and a beta of 1.63. The firm has a 50-day moving average price of $65.46 and a 200 day moving average price of $65.81. Ryder System has a one year low of $45.12 and a one year high of $76.08.

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Ryder System (NYSE:R) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.02. The company earned $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion. Ryder System had a return on equity of 16.21% and a net margin of 4.44%. Ryder System’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.65 EPS. Equities analysts forecast that Ryder System will post $5.97 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Monday, November 21st will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.65%. Ryder System’s dividend payout ratio is presently 31.71%.

A number of hedge funds have recently bought and sold shares of R. BlackRock Japan Co. Ltd boosted its position in Ryder System by 1.4% in the first quarter. BlackRock Japan Co. Ltd now owns 2,735 shares of the company’s stock valued at $177,000 after buying an additional 39 shares during the last quarter. Advance Capital I Inc. acquired a new position in Ryder System during the second quarter valued at about $202,000. Sentry Investment Management LLC acquired a new position in Ryder System during the first quarter valued at about $203,000. First Mercantile Trust Co. acquired a new position in Ryder System during the third quarter valued at about $208,000. Finally, Societe Generale acquired a new position in Ryder System during the second quarter valued at about $215,000. 90.95% of the stock is owned by hedge funds and other institutional investors.

About Ryder System

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.

5 Day Chart for NYSE:R

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