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.

A number of large investors have recently bought and sold shares of R. BlackRock Inc. increased its stake in Ryder System by 41.7% during the 2nd quarter. BlackRock Inc. now owns 5,010,932 shares of the transportation company’s stock worth $360,685,000 after buying an additional 1,475,138 shares in the last quarter. Pzena Investment Management LLC purchased a new stake in Ryder System during the 3rd quarter worth approximately $47,625,000. Impala Asset Management LLC purchased a new stake in Ryder System during the 3rd quarter worth approximately $23,404,000. Cornerstone Capital Management Holdings LLC. increased its stake in Ryder System by 208.0% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 356,907 shares of the transportation company’s stock worth $30,175,000 after buying an additional 241,018 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in Ryder System by 22.6% during the 3rd quarter. Schroder Investment Management Group now owns 1,073,478 shares of the transportation company’s stock worth $90,182,000 after buying an additional 198,098 shares in the last quarter. Institutional investors own 89.41% 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.

Analyst Recommendations for Ryder System (NYSE:R)

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