StockNews.com Downgrades Ryder System (NYSE:R) to Hold

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

A number of other research firms also recently weighed in on R. The Goldman Sachs Group increased their target price on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered their price objective on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Ryder System Price Performance

R opened at $143.84 on Wednesday. The company’s 50-day simple moving average is $156.03 and its two-hundred day simple moving average is $154.89. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $6.00 billion, a P/E ratio of 12.97 and a beta of 1.23. Ryder System has a 52-week low of $106.88 and a 52-week high of $171.78.

Ryder System (NYSE:R) last issued its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.39 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. As a group, analysts predict that Ryder System will post 13.68 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Keystone Financial Group Inc. purchased a new position in shares of Ryder System during the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. purchased a new position in Ryder System during the 4th quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in Ryder System in the 3rd quarter worth approximately $34,000. R Squared Ltd purchased a new stake in shares of Ryder System during the 4th quarter worth approximately $45,000. Finally, Principal Securities Inc. boosted its position in shares of Ryder System by 36.5% during the 4th quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after acquiring an additional 92 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors.

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.