Ryder System (NYSE:R) Rating Increased to Buy at StockNews.com

Ryder System (NYSE:R) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

R has been the subject of a number of other reports. Robert W. Baird reiterated a “buy” rating and set a $140.00 price objective on shares of Ryder System in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. boosted their price objective on Ryder System from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday. The Goldman Sachs Group boosted their price objective on Ryder System from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday. Stephens boosted their price objective on Ryder System from $113.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Wells Fargo & Company boosted their price objective on Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $123.71.

Ryder System Stock Performance

Shares of Ryder System stock opened at $122.39 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.62 and a debt-to-equity ratio of 2.46. The firm has a market capitalization of $5.41 billion, a P/E ratio of 14.02 and a beta of 1.40. The business has a fifty day simple moving average of $114.74 and a two-hundred day simple moving average of $110.74. Ryder System has a 12 month low of $76.15 and a 12 month high of $123.45.

Ryder System (NYSE:R) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.43. Ryder System had a return on equity of 18.38% and a net margin of 2.95%. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.06 billion. During the same quarter in the previous year, the firm earned $2.81 EPS. Ryder System’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that Ryder System will post 11.9 earnings per share for the current fiscal year.

Insider Activity

In other news, CMO Karen M. Jones sold 7,737 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $113.48, for a total transaction of $877,994.76. Following the transaction, the chief marketing officer now owns 12,396 shares in the company, valued at $1,406,698.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Ryder System

Several institutional investors have recently added to or reduced their stakes in R. Contravisory Investment Management Inc. acquired a new stake in shares of Ryder System during the fourth quarter worth about $26,000. Headlands Technologies LLC acquired a new position in Ryder System in the third quarter valued at approximately $26,000. GAMMA Investing LLC purchased a new stake in shares of Ryder System in the fourth quarter valued at approximately $45,000. CWM LLC increased its position in shares of Ryder System by 33.9% in the third quarter. CWM LLC now owns 438 shares of the transportation company’s stock valued at $47,000 after buying an additional 111 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Ryder System by 406.0% in the third quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock valued at $54,000 after buying an additional 406 shares in the last quarter. Institutional investors and hedge funds 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.