Ryder System (NYSE:R) Upgraded at StockNews.com

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

Other equities research analysts have also recently issued research reports about the company. The Goldman Sachs Group boosted their price objective on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. reduced their price objective 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Ryder System currently has an average rating of “Moderate Buy” and an average price target of $157.00.

Ryder System Price Performance

R stock opened at $139.89 on Tuesday. The business has a 50 day moving average price of $157.97 and a 200 day moving average price of $154.79. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 12.61 and a beta of 1.23. Ryder System has a fifty-two week low of $106.88 and a fifty-two week high of $171.78. 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 (NYSE:R) last issued its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 earnings per share 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%. Equities research analysts anticipate that Ryder System will post 13.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Keystone Financial Group Inc. acquired a new position in Ryder System during the fourth quarter worth $26,000. SBI Securities Co. Ltd. acquired a new position in Ryder System during the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new position in Ryder System during the third quarter worth $34,000. R Squared Ltd acquired a new position in Ryder System during the fourth quarter worth $45,000. Finally, Principal Securities Inc. grew its holdings in Ryder System by 36.5% during the fourth quarter. Principal Securities Inc. now owns 344 shares of the transportation company’s stock worth $54,000 after acquiring an additional 92 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Company Profile

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.