Ryder System, Inc. (NYSE:R) Receives Consensus Rating of “Moderate Buy” from Analysts

Ryder System, Inc. (NYSE:R) has earned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. Two equities 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 analysts that have issued a report on the stock in the last year is $157.00.

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lifted their price objective on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, December 12th. StockNews.com raised Ryder System from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. Finally, JPMorgan Chase & Co. decreased their price target on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th.

Ryder System Price Performance

Shares of R opened at $164.85 on Friday. Ryder System has a twelve month low of $106.88 and a twelve month high of $171.78. The stock’s 50 day moving average is $160.53 and its two-hundred day moving average is $152.98. The firm has a market capitalization of $6.94 billion, a PE ratio of 14.86 and a beta of 1.29. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.14.

Ryder System (NYSE:R) last announced its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 earnings per share 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%. Research analysts anticipate that Ryder System will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be given a dividend of $0.81 per share. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 1.97%. Ryder System’s dividend payout ratio is currently 29.22%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Kovitz Investment Group Partners LLC raised its position in shares of Ryder System by 376.5% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 9,764 shares of the transportation company’s stock worth $1,405,000 after purchasing an additional 7,715 shares during the last quarter. James Investment Research Inc. raised its holdings in Ryder System by 32.0% in the 4th quarter. James Investment Research Inc. now owns 12,374 shares of the transportation company’s stock valued at $1,941,000 after acquiring an additional 2,999 shares during the last quarter. Franklin Resources Inc. raised its holdings in Ryder System by 14.3% in the 3rd quarter. Franklin Resources Inc. now owns 136,781 shares of the transportation company’s stock valued at $20,724,000 after acquiring an additional 17,074 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Ryder System in the 4th quarter valued at $12,242,000. Finally, Janney Montgomery Scott LLC raised its holdings in Ryder System by 83.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 9,260 shares of the transportation company’s stock valued at $1,350,000 after acquiring an additional 4,200 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

About Ryder System

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.