EVA Dimensions downgraded shares of Ryder System (NYSE: R) to an underweight rating in a report issued on Tuesday.

Ryder System traded up 0.94% on Tuesday, hitting $60.93. Ryder System has a 1-year low of $32.76 and a 1-year high of $60.42. The stock’s 50-day moving average is currently $56.9. The company has a market cap of $3.136 billion and a price-to-earnings ratio of 14.77.

The company also recently announced a quarterly dividend, which is scheduled for Friday, March 15th. Stockholders of record on Tuesday, February 19th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, February 14th.

Several other analysts have also recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of Ryder System from $66.00 to $71.00 in a research note to investors on Thursday, March 7th. They now have an outperform rating on the stock. Separately, analysts at RBC Capital reiterated a top pick rating on shares of Ryder System in a research note to investors on Thursday, March 7th. They now have a $68.00 price target on the stock. Finally, analysts at RBC Capital reiterated a top pick rating on shares of Ryder System in a research note to investors on Tuesday, February 12th. They now have a $68.00 price target on the stock.

Nine research analysts have rated the stock with a buy rating, three have given an overweight rating, and four have issued a hold rating to the company’s stock. The stock currently has an average rating of overweight and an average price target of $65.77.

Ryder System, Inc. (Ryder) is engaged in transportation and supply chain management solutions. Ryder operates in three business segments: Fleet Management Solutions (FMS), which provides full service leasing, contract maintenance, contract-related maintenance and commercial rental of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services throughout North America and Asia, and Dedicated Contract Carriage (DCC), which provides vehicles and drivers as part of a dedicated transportation solution in the United States.

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