Ryder System, Inc. (R) Rating Increased to Buy at BidaskClub
Ryder System, Inc. (NYSE:R) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Wednesday.
Other equities research analysts have also recently issued research reports about the stock. ValuEngine raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday. Stephens cut shares of Ryder System from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $81.00 to $71.00 in a research report on Wednesday, April 26th. Zacks Investment Research raised shares of Ryder System from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Finally, Seaport Global Securities initiated coverage on shares of Ryder System in a research report on Friday, April 21st. They set a “neutral” rating for the company. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $75.75.
Ryder System (R) traded up 2.66% during trading on Wednesday, hitting $71.45. 1,179,535 shares of the stock traded hands. Ryder System has a 12 month low of $56.98 and a 12 month high of $85.42. The firm has a 50-day moving average price of $66.44 and a 200 day moving average price of $73.47. The firm has a market cap of $3.83 billion, a PE ratio of 15.64 and a beta of 1.26.
Ryder System (NYSE:R) last posted its earnings results on Tuesday, April 25th. The transportation company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by $0.02. Ryder System had a net margin of 3.55% and a return on equity of 13.27%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the company earned $1.12 EPS. The company’s revenue was up 7.3% on a year-over-year basis. On average, equities analysts forecast that Ryder System will post $4.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Monday, May 22nd were given a dividend of $0.44 per share. The ex-dividend date was Thursday, May 18th. This represents a $1.76 dividend on an annualized basis and a yield of 2.46%. Ryder System’s payout ratio is 38.34%.
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A number of large investors have recently bought and sold shares of the stock. Private Advisor Group LLC bought a new position in Ryder System during the first quarter worth about $116,000. Cantab Capital Partners LLP bought a new position in Ryder System during the fourth quarter worth about $128,000. LS Investment Advisors LLC boosted its position in Ryder System by 28.8% in the first quarter. LS Investment Advisors LLC now owns 2,473 shares of the transportation company’s stock worth $187,000 after buying an additional 553 shares in the last quarter. Boston Advisors LLC bought a new position in Ryder System during the first quarter worth about $224,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Ryder System by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,065 shares of the transportation company’s stock worth $228,000 after buying an additional 11 shares in the last quarter. 93.50% 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 leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally 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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