Ryder System’s (R) “Hold” Rating Reaffirmed at Stifel Nicolaus

Ryder System (NYSE:R)‘s stock had its “hold” rating reaffirmed by Stifel Nicolaus in a research note issued to investors on Thursday. They currently have a $86.00 price target on the transportation company’s stock. Stifel Nicolaus’ price objective indicates a potential downside of 3.27% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on R. Zacks Investment Research upgraded Ryder System from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Tuesday, September 26th. Robert W. Baird reiterated an “outperform” rating and set a $98.00 price target (up from $84.00) on shares of Ryder System in a report on Monday, October 2nd. ValuEngine cut Ryder System from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Aegis reiterated a “buy” rating and set a $91.00 price target (up from $84.00) on shares of Ryder System in a report on Tuesday, October 10th. Finally, JPMorgan Chase & Co. increased their price target on Ryder System from $69.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $88.71.

Shares of Ryder System (R) traded down $0.07 on Thursday, hitting $88.91. The company’s stock had a trading volume of 417,072 shares, compared to its average volume of 437,092. Ryder System has a twelve month low of $62.52 and a twelve month high of $90.02. The firm has a market cap of $4,700.00, a P/E ratio of 23.96, a PEG ratio of 1.08 and a beta of 1.51. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 2.39.

Ryder System (NYSE:R) last issued its earnings results on Tuesday, October 24th. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the company earned $1.67 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. equities analysts expect that Ryder System will post 4.51 EPS for the current year.

Ryder System declared that its board has authorized a share repurchase program on Thursday, December 14th that allows the company to buyback 1,500,000 shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

In related news, EVP Robert D. Fatovic sold 17,755 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $82.44, for a total transaction of $1,463,722.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dennis C. Cooke sold 32,328 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $81.46, for a total value of $2,633,438.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,633 shares of company stock valued at $5,174,795. Company insiders own 1.95% of the company’s stock.

A number of institutional investors have recently made changes to their positions in R. BlackRock Inc. boosted its holdings in Ryder System by 5,520.5% during the 1st quarter. BlackRock Inc. now owns 3,535,794 shares of the transportation company’s stock valued at $266,741,000 after acquiring an additional 3,472,885 shares during the period. LSV Asset Management boosted its holdings in Ryder System by 313.4% during the 3rd quarter. LSV Asset Management now owns 2,268,976 shares of the transportation company’s stock valued at $149,638,000 after acquiring an additional 1,720,119 shares during the period. Luminus Management LLC acquired a new stake in Ryder System in the 4th quarter valued at about $113,937,000. Jennison Associates LLC acquired a new stake in Ryder System in the 2nd quarter valued at about $93,320,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Ryder System in the 4th quarter valued at about $82,964,000. Institutional investors own 89.35% of the company’s stock.

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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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