Ryder System, Inc. (NYSE:R) Receives Average Analyst Rating of “Hold”


Shares of Ryder System, Inc. (NYSE:R) received a consensus recommendation of “Hold” from the eight rating agencies that currently cover the company, Marketbeat.com reports. Five research analysts rated the stock with a hold recommendation and two gave the company a buy recommendation. The 1-year average price target among analysts who have reported on the stock in the past year is $91.17.

Several brokerages released reports of R. Zacks Investment Research moving Ryder System shares from a “strong buy” rating to a “hold” rating and setting a price target of $84.00 for the society. in a research report on Tuesday, December 28. Truist Financial raised its price target on Ryder System shares from $90.00 to $100.00 and gave the company a “buy” rating in a Thursday, Oct. 28 research report. Robert W. Baird moved Ryder System shares from an “outperform” rating to a “neutral” rating and lowered his price target for the company from $96.00 to $90.00 in a report of research from Wednesday, January 5. Stephens raised his price target on Ryder System shares from $85.00 to $90.00 and gave the company an “equal weight” rating in a Thursday, Oct. 28 research report. Finally, Wells Fargo & Company raised its price target on Ryder System shares from $86.00 to $90.00 and gave the company an “equal weight” rating in a Thursday, Oct. 28 research report. .

Separately, SVP Cristina Gallo-Aquino sold 4,205 shares of the company in a transaction on Friday, November 5. The shares were sold at an average price of $88.10, for a total value of $370,460.50. The transaction was disclosed in a document filed with the SEC, which is available via this link. Company insiders own 3.30% of the company’s shares.

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A number of hedge funds and other institutional investors have recently shifted their holdings from R. Koshinski Asset Management Inc. bought a new position in Ryder System during the third quarter worth $32,000. First Manhattan Co. bought a new position in Ryder System during the third quarter worth $40,000. Dark Forest Capital Management LP bought a new position in Ryder System during the second quarter worth $45,000. Rockefeller Capital Management LP increased its stake in Ryder System by 423.5% during the third quarter. Rockefeller Capital Management LP now owns 623 shares of the transportation company worth $51,000 after acquiring 504 additional shares in the last quarter. Finally, Huntington National Bank bought a new position in Ryder System during the fourth quarter at a value of $77,000. 87.71% of the shares are currently held by institutional investors and hedge funds.

R stock opened at $75.00 on Friday. The company has a 50-day simple moving average of $81.13 and a 200-day simple moving average of $80.35. The stock has a market capitalization of $4.03 billion, a price-earnings ratio of 11.08 and a beta of 1.86. Ryder System has a 1 year minimum of $61.36 and a 1 year maximum of $93.05. The company has a debt ratio of 1.84, a current ratio of 0.58 and a quick ratio of 0.56.

Ryder System Inc (NYSE:R) last released quarterly earnings data on Wednesday, October 27. The transportation company reported earnings per share (EPS) of $2.55 for the quarter, beating the Zacks consensus estimate of $2.09 by $0.46. The company posted revenue of $2.46 billion in the quarter, versus $2.37 billion expected by analysts. Ryder System had a net margin of 3.92% and a return on equity of 15.58%. The company’s quarterly revenue increased by 14.3% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $1.21. On average, equity research analysts expect Ryder System to post an EPS of 8.52 for the current fiscal year.

About the Ryder System

Ryder System, Inc is committed to providing transportation and supply chain management solutions. It operates through the following segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), Dedicated Transport Solutions (DTS) and Central Support Services (CSS). The FMS segment offers comprehensive leasing and leasing services with flexible maintenance options, commercial leasing and contract or transactional maintenance services for trucks, tractors and trailers.

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Analyst Recommendations for Ryder System (NYSE: R)

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