Ryder System, Inc. (NYSE:R) Stock Has Consensus Target Price of $296.67 According to Brokerages

Ryder System, Inc. (NYSE:R) has received an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $296.67.

Several equities analysts have weighed in on the company. Citizens Jmp started coverage on Ryder System in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Susquehanna upped their price objective on Ryder System from $280.00 to $318.00 and gave the stock a “positive” rating in a report on Tuesday, October 27th. Robert W. Baird downgraded Ryder System from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $290.00 to $245.00 in a research report on Tuesday, September 29th. Wells Fargo & Company raised their target price on shares of Ryder System from $300.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Finally, Citigroup restated a “market perform” rating on shares of Ryder System in a research report on Friday, October 23rd.

Ryder System Stock Performance

NYSE R opened at $282.30 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.86. Ryder System has a twelve month low of $161.41 and a twelve month high of $291.02. The business has a 50-day moving average price of $250.15 and a 200-day moving average price of $240.64. The firm has a market cap of $10.79 billion, a price-to-earnings ratio of 21.52 and a beta of 1.04.

Ryder System (NYSE:R) last released its quarterly earnings data on Thursday, October 22nd. The transportation company reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.15 by $0.18. Ryder System had a net margin of 3.98% and a return on equity of 19.14%. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter last year, the business posted $3.57 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, equities research analysts predict that Ryder System will post 15.07 EPS for the current fiscal year.

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Monday, November 23rd will be given a dividend of $1.01 per share. The ex-dividend date is Monday, November 23rd. This represents a $4.04 annualized dividend and a yield of 1.4%. Ryder System’s dividend payout ratio (DPR) is 30.79%.

Insider Buying and Selling at Ryder System

In other news, insider Robert Sanchez sold 26,350 shares of the business’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $281.29, for a total value of $7,411,991.50. Following the sale, the insider directly owned 42,481 shares in the company, valued at $11,949,480.49. The trade was a 38.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Cristina Gallo-Aquino sold 1,238 shares of the company’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $276.85, for a total transaction of $342,740.30. Following the sale, the chief financial officer owned 29,026 shares in the company, valued at $8,035,848.10. This represents a 4.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 44,384 shares of company stock valued at $12,522,852. Corporate insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On Ryder System

Several large investors have recently added to or reduced their stakes in R. BlackRock Inc. bought a new stake in shares of Ryder System in the 2nd quarter valued at approximately $1,060,749,000. Bank of America Corp DE bought a new position in shares of Ryder System during the 2nd quarter valued at approximately $207,689,000. Bank of New York Mellon Corp purchased a new stake in Ryder System during the 2nd quarter valued at $136,320,000. First Trust Advisors LP raised its holdings in Ryder System by 81.5% during the 1st quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company’s stock valued at $206,822,000 after buying an additional 453,697 shares during the period. Finally, Advisors Asset Management Inc. purchased a new stake in Ryder System during the 3rd quarter valued at $78,244,000. 87.47% of the stock is owned by institutional investors.

About Ryder System

Ryder System, Inc. is a transportation and logistics company founded in 1933 by James Ryder in Miami, Florida. It serves businesses across the United States, Canada and Mexico. The company’s services include commercial truck leasing and rental, fleet maintenance, and the sale of used vehicles. Ryder also provides supply chain services such as warehousing, distribution and transportation, along with dedicated transportation solutions that manage fleets and drivers for customers. Ryder is organized around Fleet Management Solutions, Supply Chain Solutions and Dedicated Transportation Solutions.