Ryder System (NYSE:R) Upgraded at StockNews.com

Ryder System (NYSE:R) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Several other research firms have also recently weighed in on R. JPMorgan Chase & Co. dropped 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 note on Thursday, February 13th. The Goldman Sachs Group increased their price objective on shares of Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Stock Performance

Ryder System stock opened at $170.80 on Monday. The firm has a 50 day simple moving average of $160.48 and a 200-day simple moving average of $152.54. Ryder System has a 1-year low of $106.88 and a 1-year high of $171.78. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 15.98 and a beta of 1.29.

Ryder System (NYSE:R) last posted its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.39 by $0.06. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. On average, analysts expect that Ryder System will post 12 EPS for the current year.

Institutional Investors Weigh In On Ryder System

A number of hedge funds have recently added to or reduced their stakes in R. Keystone Financial Group Inc. acquired a new stake in Ryder System during the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. acquired a new stake in Ryder System during the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Ryder System during the 3rd quarter worth approximately $34,000. R Squared Ltd acquired a new stake in Ryder System during the 4th quarter worth approximately $45,000. Finally, Principal Securities Inc. lifted its holdings in Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock worth $54,000 after buying an additional 92 shares in 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.