Analysts Set Ryder System, Inc. (NYSE:R) Price Target at $157.00

Shares of Ryder System, Inc. (NYSE:R) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $157.00.

A number of brokerages have recently issued reports on R. The Goldman Sachs Group raised their price objective on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. lowered their target price on Ryder System from $176.00 to $174.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Finally, StockNews.com upgraded Ryder System from a “hold” rating to a “buy” rating in a report on Monday, February 17th.

Ryder System Price Performance

Shares of R opened at $159.70 on Friday. Ryder System has a 1 year low of $106.88 and a 1 year high of $171.78. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 14.40 and a beta of 1.30. The business has a 50-day moving average of $160.44 and a 200-day moving average of $153.47.

Ryder System (NYSE:R) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts anticipate that Ryder System will post 13.68 earnings per share for the current year.

Ryder System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.03%. Ryder System’s payout ratio is currently 29.22%.

Institutional Investors Weigh In On Ryder System

Hedge funds and other institutional investors have recently modified their holdings of the company. Keystone Financial Group Inc. bought a new stake in shares of Ryder System during the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Ryder System during the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Ryder System during the third quarter valued at approximately $34,000. R Squared Ltd purchased a new position in shares of Ryder System during the fourth quarter valued at approximately $45,000. Finally, Principal Securities Inc. boosted its position in shares of Ryder System by 36.5% during the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock valued at $54,000 after buying an additional 92 shares during 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.