Ryder System, Inc. (NYSE:R) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Ryder System, Inc. (NYSE:R) have earned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $205.6667.

Several equities analysts recently issued reports on R shares. Wells Fargo & Company initiated coverage on Ryder System in a research note on Friday, December 5th. They set an “overweight” rating and a $210.00 price target on the stock. Wolfe Research restated a “peer perform” rating on shares of Ryder System in a research report on Thursday, January 8th. Morgan Stanley raised their target price on Ryder System from $190.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, December 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Ryder System from $194.00 to $197.00 and gave the company a “neutral” rating in a research note on Friday, October 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. boosted its holdings in Ryder System by 770.0% during the second quarter. Hantz Financial Services Inc. now owns 174 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 154 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Ryder System in the 3rd quarter valued at $28,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Ryder System by 237.0% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 128 shares during the period. MAI Capital Management raised its stake in Ryder System by 57.6% during the second quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock worth $30,000 after acquiring an additional 68 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Ryder System by 421.9% during the third quarter. Assetmark Inc. now owns 167 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 135 shares during the period. Institutional investors own 87.47% of the company’s stock.

Ryder System Stock Up 1.6%

Shares of R opened at $217.66 on Friday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50-day simple moving average of $192.36 and a 200-day simple moving average of $183.71. Ryder System has a 52 week low of $125.54 and a 52 week high of $218.36. The firm has a market capitalization of $8.79 billion, a P/E ratio of 18.38 and a beta of 0.96.

About Ryder System

Ryder System, Inc is a leading provider of transportation and supply chain management solutions, serving commercial customers across a range of industries. The company’s Fleet Management Solutions segment offers full-service leasing and rental of medium- and heavy-duty trucks, tractors and trailers, along with maintenance and repair services at its network of service locations. Its Supply Chain Solutions segment provides integrated, technology-driven offerings that span managed transportation, dedicated contract carriage, warehousing and distribution, and e-commerce fulfillment.

Founded in 1933 and headquartered in Miami, Florida, Ryder has grown from a regional truck leasing operation into a diversified, global logistics provider.