Ryder System, Inc. (NYSE:R) has received an average recommendation of “Hold” from the fifteen analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $78.50.
A number of brokerages have recently weighed in on R. TheStreet lowered Ryder System from a “b-” rating to a “c+” rating in a research report on Friday, November 2nd. Loop Capital began coverage on Ryder System in a research report on Monday, October 1st. They issued a “hold” rating and a $78.00 price objective on the stock. Wolfe Research upgraded Ryder System from a “peer perform” rating to an “outperform” rating in a research report on Friday, October 5th. Mizuho reiterated a “buy” rating on shares of Ryder System in a research report on Tuesday, October 30th. Finally, Deutsche Bank began coverage on Ryder System in a research report on Tuesday, September 4th. They issued a “buy” rating and a $88.00 price objective on the stock.
In related news, insider John J. Diez sold 6,520 shares of Ryder System stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $79.44, for a total transaction of $517,948.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.27% of the company’s stock.
R traded down $0.54 on Friday, hitting $56.37. 29,715 shares of the company were exchanged, compared to its average volume of 782,733. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.67 and a quick ratio of 0.64. Ryder System has a 12 month low of $53.97 and a 12 month high of $90.26. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 12.44 and a beta of 1.63.
Ryder System (NYSE:R) last posted its quarterly earnings results on Friday, October 26th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.01). Ryder System had a return on equity of 9.88% and a net margin of 9.98%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the business earned $1.33 earnings per share. Ryder System’s revenue was up 17.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ryder System will post 5.79 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Monday, November 19th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, November 16th. This represents a $2.16 annualized dividend and a dividend yield of 3.83%. Ryder System’s dividend payout ratio is presently 47.68%.
Ryder System Company Profile
Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as ancillary maintenance and fleet support services.
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