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

Shares of Ryder System, Inc. (NYSE:R) have received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $157.00.

R has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. StockNews.com raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, The Goldman Sachs Group upped their price target on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research report on Thursday, December 12th.

Ryder System Price Performance

Shares of NYSE:R opened at $139.52 on Wednesday. Ryder System has a fifty-two week low of $106.88 and a fifty-two week high of $171.78. The business has a 50-day simple moving average of $158.34 and a two-hundred day simple moving average of $154.90. 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 cap of $5.87 billion, a price-to-earnings ratio of 12.58 and a beta of 1.23.

Ryder System (NYSE:R) last issued its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share for the quarter, topping 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, analysts expect 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 paid a dividend of $0.81 per share. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.32%. Ryder System’s dividend payout ratio (DPR) is presently 29.22%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its stake in Ryder System by 16.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,068 shares of the transportation company’s stock worth $952,000 after purchasing an additional 858 shares during the period. Phocas Financial Corp. boosted its stake in Ryder System by 35.4% in the 4th quarter. Phocas Financial Corp. now owns 46,545 shares of the transportation company’s stock worth $7,301,000 after purchasing an additional 12,158 shares during the period. Total Wealth Planning & Management Inc. bought a new position in Ryder System in the 4th quarter worth approximately $386,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Ryder System in the 4th quarter worth approximately $16,317,000. Finally, Leigh Baldwin & CO. LLC bought a new position in Ryder System in the 4th quarter worth approximately $258,000. 87.47% of the stock is currently owned by institutional investors.

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.