Stephens Increases Ryder System (NYSE:R) Price Target to $120.00

Ryder System (NYSE:R) had its price target lifted by analysts at Stephens from $113.00 to $120.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the transportation company’s stock. Stephens’ price target would indicate a potential downside of 1.95% from the stock’s previous close.

Several other research analysts also recently issued reports on R. Vertical Research downgraded shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research note on Wednesday, January 10th. StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Saturday, April 13th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $122.00 target price on shares of Ryder System in a report on Thursday, February 15th. Robert W. Baird reaffirmed a “buy” rating and set a $140.00 target price on shares of Ryder System in a report on Wednesday, January 3rd. Finally, Wells Fargo & Company upped their target price on shares of Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a report 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $123.71.

Ryder System Price Performance

Shares of NYSE R opened at $122.39 on Wednesday. The stock has a market capitalization of $5.41 billion, a P/E ratio of 14.02 and a beta of 1.40. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.11 and a quick ratio of 0.62. Ryder System has a 1 year low of $76.15 and a 1 year high of $123.45. The company’s 50-day moving average is $114.74 and its 200 day moving average is $110.74.

Ryder System (NYSE:R) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.43. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.81 earnings per share. On average, sell-side analysts expect that Ryder System will post 11.9 earnings per share for the current year.

Insider Transactions at Ryder System

In other news, CMO Karen M. Jones sold 7,737 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total value of $877,994.76. Following the completion of the sale, the chief marketing officer now owns 12,396 shares in the company, valued at approximately $1,406,698.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Ryder System

A number of institutional investors and hedge funds have recently added to or reduced their stakes in R. Headlands Technologies LLC purchased a new stake in shares of Ryder System in the 3rd quarter valued at $26,000. Contravisory Investment Management Inc. acquired a new stake in shares of Ryder System in the fourth quarter valued at about $26,000. GAMMA Investing LLC acquired a new stake in shares of Ryder System in the fourth quarter valued at about $45,000. CWM LLC raised 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 during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in Ryder System by 406.0% during the third quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock worth $54,000 after purchasing an additional 406 shares during the last quarter. 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.