KeyCorp Reaffirms Hold Rating for Ryder System Inc. (R)
Other equities research analysts also recently issued research reports about the stock. Credit Agricole SA started coverage on shares of Ryder System in a research report on Friday, September 30th. They issued a buy rating and a $80.00 price target for the company. Robert W. Baird restated a buy rating on shares of Ryder System in a research report on Monday, June 13th. Zacks Investment Research upgraded shares of Ryder System from a sell rating to a hold rating in a research report on Friday, September 23rd. Finally, Royal Bank Of Canada restated a hold rating on shares of Ryder System in a research report on Monday, June 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $81.38.
Shares of Ryder System (NYSE:R) opened at 66.48 on Friday. The company’s 50-day moving average is $65.46 and its 200-day moving average is $65.81. Ryder System has a 12 month low of $45.12 and a 12 month high of $76.08. The stock has a market capitalization of $3.56 billion, a PE ratio of 12.00 and a beta of 1.63.
Ryder System (NYSE:R) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $1.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.02. The business earned $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion. Ryder System had a net margin of 4.44% and a return on equity of 16.21%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.65 EPS. Equities research analysts expect that Ryder System will post $5.97 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Monday, November 21st will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.65%. Ryder System’s dividend payout ratio (DPR) is 31.71%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Japan Co. Ltd raised its position in shares of Ryder System by 1.4% in the first quarter. BlackRock Japan Co. Ltd now owns 2,735 shares of the company’s stock valued at $177,000 after buying an additional 39 shares during the period. Advance Capital I Inc. purchased a new position in Ryder System during the second quarter worth about $202,000. Sentry Investment Management LLC purchased a new position in Ryder System during the first quarter worth about $203,000. First Mercantile Trust Co. purchased a new position in Ryder System during the third quarter worth about $208,000. Finally, Societe Generale purchased a new position in Ryder System during the second quarter worth about $215,000. Institutional investors own 90.95% of the company’s stock.
About Ryder System
Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to customers in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.
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