Ryder System, Inc. (NYSE:R) Receives $157.00 Average PT from Brokerages

Ryder System, Inc. (NYSE:R) has received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two 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 brokers that have updated their coverage on the stock in the last year is $157.00.

R has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Keystone Financial Group Inc. acquired a new stake in shares of Ryder System in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. acquired a new stake in Ryder System during the 4th quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Ryder System during the 1st quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Ryder System in the 3rd quarter worth approximately $34,000. Finally, R Squared Ltd bought a new stake in shares of Ryder System in the 4th quarter valued at $45,000. 87.47% of the stock is owned by institutional investors.

Ryder System Stock Performance

Shares of NYSE:R opened at $138.55 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System has a 12-month low of $106.88 and a 12-month high of $171.78. The company’s 50 day moving average price is $148.66 and its two-hundred day moving average price is $154.50. The firm has a market cap of $5.78 billion, a PE ratio of 12.49 and a beta of 1.10.

Ryder System (NYSE:R) last announced its quarterly earnings data 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 return on equity of 17.23% and a net margin of 3.87%. Equities research analysts predict that Ryder System will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Tuesday, February 18th. Ryder System’s payout ratio is 29.22%.

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.