Ryder System (NYSE:R) Lowered to “Hold” at ValuEngine

Ryder System (NYSE:R) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, ValuEngine reports.

R has been the subject of several other research reports. Cfra cut their target price on Ryder System from $57.00 to $50.00 and set a “hold” rating for the company in a research report on Friday. JPMorgan Chase & Co. cut their price objective on Ryder System from $49.00 to $42.00 and set an “underweight” rating for the company in a research report on Friday. Loop Capital upgraded Ryder System from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Monday, January 13th. SunTrust Banks cut their price objective on Ryder System from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. They noted that the move was a valuation call. Finally, Stifel Nicolaus downgraded Ryder System from a “buy” rating to a “hold” rating and cut their price objective for the company from $65.00 to $51.00 in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $56.43.

Ryder System stock opened at $40.12 on Friday. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.62 and a quick ratio of 0.59. The company has a market capitalization of $2.60 billion, a PE ratio of 15.43 and a beta of 1.84. Ryder System has a one year low of $39.50 and a one year high of $67.65. The business has a 50 day simple moving average of $51.96 and a 200 day simple moving average of $51.40.

Ryder System (NYSE:R) last posted its earnings results on Thursday, February 13th. The transportation company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.04). The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.26 billion. Ryder System had a return on equity of 11.65% and a net margin of 1.55%. Ryder System’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business earned $1.82 EPS. Equities analysts anticipate that Ryder System will post 5.01 earnings per share for the current fiscal year.

Ryder System declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that allows the company to repurchase 1,500,000 shares. This repurchase authorization allows the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

A number of institutional investors and hedge funds have recently modified their holdings of R. BlackRock Inc. increased its stake in shares of Ryder System by 7.1% in the 2nd quarter. BlackRock Inc. now owns 6,643,848 shares of the transportation company’s stock valued at $387,337,000 after buying an additional 440,942 shares during the period. Pzena Investment Management LLC increased its stake in shares of Ryder System by 22.9% in the 4th quarter. Pzena Investment Management LLC now owns 3,265,330 shares of the transportation company’s stock valued at $177,340,000 after buying an additional 608,085 shares during the period. State Street Corp increased its stake in shares of Ryder System by 0.9% in the 4th quarter. State Street Corp now owns 1,631,885 shares of the transportation company’s stock valued at $88,628,000 after buying an additional 14,204 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Ryder System by 17.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,469,485 shares of the transportation company’s stock valued at $79,807,000 after buying an additional 222,596 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Ryder System by 5.4% in the 4th quarter. Bank of New York Mellon Corp now owns 903,704 shares of the transportation company’s stock valued at $49,080,000 after buying an additional 46,343 shares during the period. Hedge funds and other institutional investors own 89.46% 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 fleet support services.

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Analyst Recommendations for Ryder System (NYSE:R)

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