Analysts Set Ryder System, Inc. (NYSE:R) Price Target at $147.43

Ryder System, Inc. (NYSE:R) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $147.43.

A number of research firms have commented on R. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. The Goldman Sachs Group lifted their price objective on Ryder System from $160.00 to $183.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Ryder System from $148.00 to $144.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th.

Insider Buying and Selling

In other Ryder System news, insider Thomas M. Havens sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $157.44, for a total transaction of $629,760.00. Following the completion of the sale, the insider now owns 20,504 shares of the company’s stock, valued at approximately $3,228,149.76. The trade was a 16.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Range Financial Group LLC bought a new position in Ryder System in the 4th quarter worth $375,000. Nordea Investment Management AB lifted its holdings in Ryder System by 2.7% in the 4th quarter. Nordea Investment Management AB now owns 74,094 shares of the transportation company’s stock worth $11,671,000 after purchasing an additional 1,964 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Ryder System by 27.3% during the fourth quarter. GAMMA Investing LLC now owns 901 shares of the transportation company’s stock valued at $141,000 after buying an additional 193 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Ryder System by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 145,353 shares of the transportation company’s stock worth $21,192,000 after buying an additional 10,446 shares in the last quarter. Finally, DGS Capital Management LLC purchased a new position in shares of Ryder System in the 3rd quarter worth approximately $208,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Price Performance

R opened at $157.46 on Friday. The firm has a market cap of $6.66 billion, a PE ratio of 14.73 and a beta of 1.31. The stock has a 50-day moving average price of $160.88 and a 200-day moving average price of $145.60. Ryder System has a 1 year low of $106.62 and a 1 year high of $171.78. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.74 and a quick ratio of 0.74.

Ryder System (NYSE:R) last issued its earnings results on Thursday, October 24th. The transportation company reported $3.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.39 by $0.05. The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Ryder System had a net margin of 3.83% and a return on equity of 16.78%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $3.58 earnings per share. Sell-side analysts predict that Ryder System will post 12.01 earnings per share for the current fiscal year.

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.