Ryder System, Inc. (NYSE:R) was upgraded by stock analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued to investors on Wednesday, Marketbeat.com reports.

Other equities analysts have also recently issued research reports about the company. ValuEngine upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. BidaskClub upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Buckingham Research started coverage on shares of Ryder System in a research note on Monday, August 21st. They set a “buy” rating and a $85.00 price objective for the company. Zacks Investment Research downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Stifel Nicolaus restated a “hold” rating and set a $68.00 price objective on shares of Ryder System in a research note on Tuesday, September 5th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $77.17.

Shares of Ryder System (NYSE R) traded up 1.22% during mid-day trading on Wednesday, hitting $79.60. The company’s stock had a trading volume of 495,750 shares. Ryder System has a 1-year low of $62.03 and a 1-year high of $85.42. The stock has a market cap of $4.22 billion, a PE ratio of 19.17 and a beta of 1.37. The company has a 50-day moving average price of $74.60 and a 200-day moving average price of $72.09.

Ryder System (NYSE:R) last released its earnings results on Wednesday, July 26th. The transportation company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.07. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Ryder System had a return on equity of 11.71% and a net margin of 3.17%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.56 EPS. Analysts predict that Ryder System will post $4.45 EPS for the current fiscal year.

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In related news, insider Dennis C. Cooke sold 9,650 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $72.75, for a total value of $702,037.50. Following the completion of the sale, the insider now directly owns 2,883 shares in the company, valued at approximately $209,738.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Sensing sold 4,502 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $73.01, for a total transaction of $328,691.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,427 shares of company stock valued at $2,933,827. Company insiders own 1.95% of the company’s stock.

A number of large investors have recently modified their holdings of R. BlueMountain Capital Management LLC acquired a new stake in Ryder System in the 2nd quarter valued at about $109,000. Private Advisor Group LLC acquired a new stake in Ryder System in the 1st quarter valued at about $116,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Ryder System by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the transportation company’s stock valued at $141,000 after purchasing an additional 156 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake in Ryder System by 1.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 2,160 shares of the transportation company’s stock valued at $156,000 after purchasing an additional 24 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in Ryder System by 94.7% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 2,550 shares of the transportation company’s stock valued at $183,000 after purchasing an additional 1,240 shares during the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.

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 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.

Analyst Recommendations for Ryder System (NYSE:R)

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