Ryder System’s (R) Buy Rating Reaffirmed at Mizuho

Mizuho restated their buy rating on shares of Ryder System (NYSE:R) in a report issued on Tuesday morning.

A number of other research firms have also weighed in on R. Zacks Investment Research raised shares of Ryder System from a hold rating to a buy rating and set a $87.00 price objective on the stock in a research report on Tuesday, August 21st. Stifel Nicolaus increased their price objective on shares of Ryder System from $76.00 to $81.00 and gave the stock a hold rating in a research report on Thursday, July 26th. Deutsche Bank assumed coverage on shares of Ryder System in a research report on Tuesday, September 4th. They issued a buy rating and a $88.00 price objective on the stock. ValuEngine lowered shares of Ryder System from a hold rating to a sell rating in a research report on Wednesday, September 19th. Finally, Loop Capital assumed coverage on shares of Ryder System in a research report on Monday, October 1st. They issued a hold rating and a $78.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $79.82.

Shares of NYSE R opened at $55.63 on Tuesday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.64 and a current ratio of 1.11. The stock has a market cap of $3.04 billion, a PE ratio of 12.28 and a beta of 1.45. Ryder System has a 12-month low of $53.97 and a 12-month high of $90.26.



Ryder System (NYSE:R) last announced its earnings results on Friday, October 26th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.01). The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Ryder System had a net margin of 9.98% and a return on equity of 9.88%. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.33 earnings per share. As a group, sell-side analysts expect that Ryder System will post 5.8 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Monday, November 19th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Friday, November 16th. This represents a $2.16 dividend on an annualized basis and a yield of 3.88%. Ryder System’s dividend payout ratio is currently 47.68%.

In other Ryder System news, insider John J. Diez sold 6,520 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $79.44, for a total value of $517,948.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Karen M. Jones sold 20,103 shares of the company’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $77.15, for a total transaction 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 over the last 90 days. Insiders own 2.27% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in R. Commonwealth Equity Services LLC boosted its stake in shares of Ryder System by 22.5% during the first quarter. Commonwealth Equity Services LLC now owns 4,766 shares of the transportation company’s stock valued at $346,000 after purchasing an additional 876 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of Ryder System by 56.0% during the first quarter. Xact Kapitalforvaltning AB now owns 6,130 shares of the transportation company’s stock valued at $446,000 after purchasing an additional 2,200 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Ryder System by 2.8% during the first quarter. Principal Financial Group Inc. now owns 231,610 shares of the transportation company’s stock valued at $16,859,000 after purchasing an additional 6,273 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Ryder System by 33.9% during the first quarter. Allianz Asset Management GmbH now owns 92,581 shares of the transportation company’s stock valued at $6,740,000 after purchasing an additional 23,446 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Ryder System by 40.0% during the second quarter. State of Alaska Department of Revenue now owns 5,780 shares of the transportation company’s stock valued at $415,000 after purchasing an additional 1,650 shares in the last quarter. Hedge funds and other institutional investors own 90.57% of the company’s stock.

About Ryder System

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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