Ryder System, Inc. (R) Receives Consensus Recommendation of “Buy” from Analysts
Ryder System, Inc. (NYSE:R) has been assigned an average recommendation of “Buy” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $85.00.
A number of analysts have recently weighed in on R shares. ValuEngine cut Ryder System from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Robert W. Baird reissued an “outperform” rating and issued a $98.00 price objective (up previously from $84.00) on shares of Ryder System in a research report on Monday, October 2nd. Zacks Investment Research cut Ryder System from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. J P Morgan Chase & Co raised their price objective on Ryder System from $69.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Finally, Aegis reissued a “buy” rating and issued a $91.00 price objective (up previously from $84.00) on shares of Ryder System in a research report on Tuesday, October 10th.
In related news, insider Dennis C. Cooke sold 32,328 shares of Ryder System stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $81.46, for a total value of $2,633,438.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Karen M. Jones sold 4,790 shares of Ryder System stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $81.78, for a total value of $391,726.20. The disclosure for this sale can be found here. In the last three months, insiders sold 63,633 shares of company stock valued at $5,174,795. Insiders own 1.95% of the company’s stock.
Ryder System (NYSE:R) opened at $82.02 on Thursday. The company has a market capitalization of $4,327.42, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.21 and a beta of 1.51. Ryder System has a fifty-two week low of $62.52 and a fifty-two week high of $85.50. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 2.39.
Ryder System (NYSE:R) last announced its quarterly earnings results on Tuesday, October 24th. The transportation company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.04. Ryder System had a return on equity of 10.72% and a net margin of 2.75%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business posted $1.67 EPS. The business’s revenue was up 7.2% compared to the same quarter last year. equities analysts predict that Ryder System will post 4.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 20th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 annualized dividend and a dividend yield of 2.24%. Ryder System’s dividend payout ratio (DPR) is presently 49.86%.
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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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