Ryder System (NYSE:R) Given New $135.00 Price Target at The Goldman Sachs Group

Ryder System (NYSE:R) had its price target upped by equities researchers at The Goldman Sachs Group from $122.00 to $135.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 10.30% from the stock’s current price.

Several other equities research analysts have also issued reports on R. Wells Fargo & Company lifted their price objective on shares of Ryder System from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Stephens lifted their target price on shares of Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday. Vertical Research downgraded shares of Ryder System from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a report on Wednesday, January 10th. JPMorgan Chase & Co. lifted their target price on shares of Ryder System from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, StockNews.com downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $123.71.

Ryder System Trading Up 0.2 %

Ryder System stock opened at $122.39 on Wednesday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.62 and a current ratio of 0.82. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 15.94 and a beta of 1.40. Ryder System has a 1 year low of $76.15 and a 1 year high of $123.45. The firm’s 50 day moving average price is $114.74 and its two-hundred day moving average price is $110.74.

Ryder System (NYSE:R) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.43. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.06 billion. Ryder System had a net margin of 2.95% and a return on equity of 18.38%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.81 earnings per share. On average, research analysts predict that Ryder System will post 11.9 EPS for the current fiscal year.

Insider Transactions at Ryder System

In related news, CMO Karen M. Jones sold 7,737 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total value of $877,994.76. Following the sale, the chief marketing officer now owns 12,396 shares of the company’s stock, valued at $1,406,698.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.10% of the company’s stock.

Institutional Trading of Ryder System

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC boosted its position in Ryder System by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 8,528 shares of the transportation company’s stock valued at $981,000 after buying an additional 98 shares in the last quarter. CWM LLC boosted its position in Ryder System by 33.9% in the third quarter. CWM LLC now owns 438 shares of the transportation company’s stock valued at $47,000 after buying an additional 111 shares in the last quarter. Quent Capital LLC boosted its position in Ryder System by 17.7% in the fourth quarter. Quent Capital LLC now owns 745 shares of the transportation company’s stock valued at $86,000 after buying an additional 112 shares in the last quarter. Parallel Advisors LLC boosted its position in Ryder System by 8.7% in the fourth quarter. Parallel Advisors LLC now owns 1,455 shares of the transportation company’s stock valued at $167,000 after buying an additional 116 shares in the last quarter. Finally, M&T Bank Corp lifted its position in shares of Ryder System by 7.2% during the fourth quarter. M&T Bank Corp now owns 2,502 shares of the transportation company’s stock worth $288,000 after purchasing an additional 167 shares in the last quarter. Institutional investors own 87.47% of the company’s stock.

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.