KeyCorp Cuts Ryder System (R) Price Target to $75.00

Ryder System (NYSE:R) had its target price decreased by equities research analysts at KeyCorp from $90.00 to $75.00 in a research report issued on Monday. The firm currently has an “overweight” rating on the transportation company’s stock. KeyCorp’s target price suggests a potential upside of 30.39% from the stock’s current price.

A number of other research firms have also recently commented on R. Zacks Investment Research raised Ryder System from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Tuesday, August 21st. Stifel Nicolaus boosted their price target on Ryder System from $76.00 to $81.00 and gave the stock a “hold” rating in a report on Thursday, July 26th. Mizuho reissued a “buy” rating and issued a $90.00 price target on shares of Ryder System in a report on Thursday, July 26th. Deutsche Bank began coverage on Ryder System in a report on Tuesday, September 4th. They issued a “buy” rating and a $88.00 price target on the stock. Finally, ValuEngine cut Ryder System from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $81.40.

Shares of R stock traded up $0.30 during trading hours on Monday, reaching $57.52. 131,031 shares of the company traded hands, compared to its average volume of 666,934. Ryder System has a 12-month low of $54.16 and a 12-month high of $90.26. The company has a quick ratio of 0.64, a current ratio of 1.11 and a debt-to-equity ratio of 2.15. The stock has a market cap of $3.04 billion, a P/E ratio of 12.70 and a beta of 1.45.



Ryder System (NYSE:R) last posted its quarterly earnings data on Friday, October 26th. The transportation company reported $1.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.01). Ryder System had a net margin of 9.98% and a return on equity of 9.88%. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same period in the previous year, the firm earned $1.33 earnings per share. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. On average, equities research analysts expect that Ryder System will post 5.79 earnings per share for the current fiscal year.

In other Ryder System news, CEO Robert E. Sanchez sold 27,830 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $78.04, for a total value of $2,171,853.20. Following the transaction, the chief executive officer now owns 119,387 shares of the company’s stock, valued at approximately $9,316,961.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Karen M. Jones sold 20,103 shares of the company’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $77.15, for a total value of $1,550,946.45. The disclosure for this sale can be found here. Insiders sold a total of 54,453 shares of company stock worth $4,240,748 in the last ninety days. 2.27% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Flagship Harbor Advisors LLC purchased a new stake in shares of Ryder System in the 2nd quarter worth $101,000. Balasa Dinverno & Foltz LLC purchased a new stake in shares of Ryder System in the 3rd quarter worth $220,000. Pinnacle Associates Ltd. purchased a new stake in shares of Ryder System in the 2nd quarter worth $233,000. Spark Investment Management LLC lifted its holdings in shares of Ryder System by 19.4% in the 2nd quarter. Spark Investment Management LLC now owns 4,000 shares of the transportation company’s stock worth $287,000 after buying an additional 650 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Ryder System by 22.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 4,766 shares of the transportation company’s stock worth $346,000 after buying an additional 876 shares during the period. Institutional investors and hedge funds own 90.57% of the company’s stock.

Ryder System Company Profile

Ryder System, Inc provides transportation and supply chain management solutions worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Dedicated Transportation Solutions (DTS), and Supply Chain Solutions (SCS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as ancillary maintenance and fleet support services.

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Analyst Recommendations for Ryder System (NYSE:R)

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