Ryder System (NYSE:R) Upgraded by StockNews.com to “Buy” Rating

Ryder System (NYSE:R) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. The Goldman Sachs Group upped their price target on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Ryder System Stock Performance

Shares of NYSE:R traded down $2.53 during mid-day trading on Tuesday, reaching $139.52. 354,397 shares of the company traded hands, compared to its average volume of 278,005. The company’s 50 day moving average price is $158.34 and its 200-day moving average price is $154.90. The firm has a market cap of $5.87 billion, a PE ratio of 12.58 and a beta of 1.23. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. Ryder System has a 52 week low of $106.88 and a 52 week high of $171.78.

Ryder System (NYSE:R) last announced its quarterly earnings data 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 expect that Ryder System will post 13.68 EPS for the current fiscal year.

Institutional Trading of Ryder System

Several hedge funds have recently modified their holdings of the company. Wealthfront Advisers LLC purchased a new stake in shares of Ryder System during the 4th quarter worth approximately $314,075,000. Earnest Partners LLC raised its holdings in shares of Ryder System by 2.4% during the 4th quarter. Earnest Partners LLC now owns 1,905,223 shares of the transportation company’s stock worth $298,853,000 after acquiring an additional 45,393 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Ryder System by 1.6% during the 4th quarter. Sei Investments Co. now owns 856,507 shares of the transportation company’s stock worth $134,351,000 after acquiring an additional 13,529 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Ryder System by 0.3% during the 4th quarter. American Century Companies Inc. now owns 843,895 shares of the transportation company’s stock worth $132,373,000 after acquiring an additional 2,121 shares in the last quarter. Finally, FMR LLC raised its holdings in Ryder System by 3.1% during the 4th quarter. FMR LLC now owns 805,571 shares of the transportation company’s stock valued at $126,362,000 after buying an additional 24,052 shares during the period. 87.47% of the stock is owned by hedge funds and other 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.