Ryder System, Inc. (NYSE:R) Receives $157.00 Average PT from Analysts

Ryder System, Inc. (NYSE:R) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $157.00.

Several brokerages have recently weighed in on R. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. decreased their price objective on Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, The Goldman Sachs Group lifted their price objective on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, December 12th.

Hedge Funds Weigh In On Ryder System

Several hedge funds and other institutional investors have recently modified their holdings of R. Keystone Financial Group Inc. bought a new position in shares of Ryder System during the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. bought a new position in shares of Ryder System during the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Ryder System during the 3rd quarter worth approximately $34,000. R Squared Ltd bought a new position in shares of Ryder System during the 4th quarter worth approximately $45,000. Finally, Principal Securities Inc. lifted 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 worth $54,000 after buying an additional 92 shares during the period. Institutional investors own 87.47% of the company’s stock.

Ryder System Stock Performance

R opened at $164.40 on Friday. The firm has a market capitalization of $6.92 billion, a P/E ratio of 14.82 and a beta of 1.29. The stock’s 50 day moving average price is $160.77 and its two-hundred day moving average price is $153.98. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. Ryder System has a 12-month low of $106.88 and a 12-month high of $171.78.

Ryder System (NYSE:R) last released its earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a return on equity of 17.23% and a net margin of 3.87%. On average, equities analysts forecast that Ryder System will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, February 18th will be given a dividend of $0.81 per share. The ex-dividend date is Tuesday, February 18th. This represents a $3.24 annualized dividend and a dividend yield of 1.97%. Ryder System’s dividend payout ratio (DPR) is presently 29.22%.

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.