Ryder System, Inc. (NYSE:R) Receives $157.00 Average Target Price from Brokerages

Ryder System, Inc. (NYSE:R) has received a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $157.00.

A number of equities analysts recently commented on R shares. JPMorgan Chase & Co. decreased their target price on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th.

Ryder System Price Performance

NYSE:R opened at $138.55 on Friday. Ryder System has a 52-week low of $108.36 and a 52-week high of $171.78. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 12.49 and a beta of 1.10. The stock has a fifty day moving average of $148.26 and a 200 day moving average of $154.54.

Ryder System (NYSE:R) last released its earnings results on Wednesday, February 12th. The transportation company reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. On average, research analysts expect that Ryder System will post 13.68 EPS for the current fiscal year.

Ryder System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, February 18th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Tuesday, February 18th. Ryder System’s dividend payout ratio (DPR) is presently 29.22%.

Hedge Funds Weigh In On Ryder System

Hedge funds have recently bought and sold shares of the company. Invst LLC boosted its stake in Ryder System by 0.7% during the 4th quarter. Invst LLC now owns 8,315 shares of the transportation company’s stock valued at $1,304,000 after purchasing an additional 61 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Ryder System by 1.6% during the fourth quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company’s stock valued at $649,000 after buying an additional 65 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in Ryder System by 0.9% in the 4th quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company’s stock worth $1,282,000 after buying an additional 68 shares in the last quarter. Savant Capital LLC raised its position in Ryder System by 3.6% in the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company’s stock worth $382,000 after buying an additional 84 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in Ryder System by 0.9% during the 4th quarter. Baird Financial Group Inc. now owns 9,826 shares of the transportation company’s stock valued at $1,541,000 after acquiring an additional 90 shares during the period. Institutional investors own 87.47% of the company’s stock.

Ryder System Company Profile

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.