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

Shares of Ryder System, Inc. (NYSE:R) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $157.00.

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

Hedge Funds Weigh In On Ryder System

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Ryder System by 16.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,068 shares of the transportation company’s stock worth $952,000 after purchasing an additional 858 shares during the period. Phocas Financial Corp. grew its stake in Ryder System by 35.4% in the 4th quarter. Phocas Financial Corp. now owns 46,545 shares of the transportation company’s stock valued at $7,301,000 after buying an additional 12,158 shares in the last quarter. Total Wealth Planning & Management Inc. purchased a new position in Ryder System in the 4th quarter valued at approximately $386,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Ryder System in the 4th quarter valued at approximately $16,317,000. Finally, Leigh Baldwin & CO. LLC purchased a new position in Ryder System in the 4th quarter valued at approximately $258,000. Institutional investors own 87.47% of the company’s stock.

Ryder System Trading Up 0.9 %

Ryder System stock opened at $141.70 on Wednesday. The business has a 50 day moving average price of $157.35 and a two-hundred day moving average price of $154.67. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 2.14. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 12.78 and a beta of 1.23. Ryder System has a 12 month low of $106.88 and a 12 month high of $171.78.

Ryder System (NYSE:R) last issued its earnings results 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 analysts forecast that Ryder System will post 13.68 EPS for the current year.

Ryder System Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, February 18th were given a dividend of $0.81 per share. The ex-dividend date was Tuesday, February 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.29%. Ryder System’s dividend payout ratio (DPR) is currently 29.22%.

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.