Ryder System, Inc. (NYSE:R) Receives $157.00 Average Target Price from Analysts

Shares of Ryder System, Inc. (NYSE:R) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $157.00.

Several equities research analysts have recently weighed in on the company. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. decreased their price target on shares of Ryder System from $176.00 to $174.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group upped 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of R. Keystone Financial Group Inc. acquired a new position in shares of Ryder System in the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. acquired a new stake in shares of Ryder System during the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Ryder System during the third quarter worth approximately $34,000. R Squared Ltd bought a new stake in Ryder System in the fourth quarter valued at $45,000. Finally, Principal Securities Inc. raised 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 worth $54,000 after purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

Ryder System Trading Up 0.3 %

NYSE R opened at $161.23 on Friday. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 14.54 and a beta of 1.30. Ryder System has a twelve month low of $106.88 and a twelve month high of $171.78. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.75 and a current ratio of 0.75. The firm’s 50 day moving average price is $160.52 and its two-hundred day moving average price is $153.71.

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 the consensus estimate of $3.39 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. Equities analysts anticipate that Ryder System will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, February 18th will be given 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 dividend yield of 2.01%. Ryder System’s payout ratio is 29.22%.

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.