Ryder System, Inc. (NYSE:R) Receives $137.86 Average Target Price from Brokerages

Ryder System, Inc. (NYSE:R) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $137.86.

R has been the subject of a number of analyst reports. Robert W. Baird lifted their price target on Ryder System from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. cut their price target on Ryder System from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Stephens initiated coverage on Ryder System in a research note on Monday, July 8th. They set an “equal weight” rating for the company.

Ryder System Price Performance

R stock opened at $138.89 on Friday. The stock has a market capitalization of $6.01 billion, a PE ratio of 12.72 and a beta of 1.28. The company’s 50-day moving average is $142.90 and its 200-day moving average is $130.81. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.74 and a quick ratio of 0.74. Ryder System has a 1 year low of $91.31 and a 1 year high of $154.76.

Ryder System (NYSE:R) last released its quarterly earnings data on Thursday, July 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. Ryder System had a net margin of 4.06% and a return on equity of 17.22%. The company had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.24 billion. During the same quarter in the prior year, the firm earned $3.61 EPS. The business’s revenue was up 10.3% on a year-over-year basis. Equities research analysts expect that Ryder System will post 12.2 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.33%. The ex-dividend date is Monday, November 18th. Ryder System’s dividend payout ratio (DPR) is 29.67%.

Insider Buying and Selling at Ryder System

In other Ryder System news, EVP Francisco Jr. Lopez sold 12,730 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $139.32, for a total transaction of $1,773,543.60. Following the completion of the transaction, the executive vice president now owns 47,779 shares in the company, valued at $6,656,570.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Ryder System

A number of hedge funds and other institutional investors have recently bought and sold shares of R. Custom Index Systems LLC grew its position in shares of Ryder System by 78.4% in the third quarter. Custom Index Systems LLC now owns 4,372 shares of the transportation company’s stock valued at $637,000 after purchasing an additional 1,922 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Ryder System by 5.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,028 shares of the transportation company’s stock valued at $733,000 after buying an additional 240 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Ryder System by 5.1% during the third quarter. DekaBank Deutsche Girozentrale now owns 6,989 shares of the transportation company’s stock valued at $1,014,000 after buying an additional 337 shares during the period. First Bank & Trust purchased a new stake in shares of Ryder System in the third quarter worth about $204,000. Finally, Ballentine Partners LLC bought a new position in shares of Ryder System in the third quarter valued at approximately $207,000. Institutional investors 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.