Media stories about Ryder System (NYSE:R) have been trending somewhat positive on Thursday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ryder System earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the transportation company an impact score of 45.1377594990848 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
Several brokerages have weighed in on R. BidaskClub raised shares of Ryder System from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. ValuEngine downgraded shares of Ryder System from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Robert W. Baird reissued an “outperform” rating and issued a $98.00 target price (up previously from $84.00) on shares of Ryder System in a report on Monday, October 2nd. Buckingham Research boosted their target price on shares of Ryder System from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, Zacks Investment Research raised shares of Ryder System from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Tuesday, September 26th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $85.00.
Ryder System (NYSE R) traded up $1.58 during mid-day trading on Thursday, hitting $82.06. 486,554 shares of the stock traded hands, compared to its average volume of 708,982. Ryder System has a 1 year low of $62.52 and a 1 year high of $85.50. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.02 and a quick ratio of 0.96. The stock has a market capitalization of $4,350.00, a P/E ratio of 19.06, a PEG ratio of 1.19 and a beta of 1.51.
Ryder System (NYSE:R) last released its earnings results on Tuesday, October 24th. The transportation company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.29 by $0.04. Ryder System had a net margin of 2.75% and a return on equity of 10.72%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the firm earned $1.67 earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. equities analysts expect that Ryder System will post 4.51 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 20th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Friday, November 17th. Ryder System’s dividend payout ratio (DPR) is presently 49.60%.
In related news, EVP John J. Gleason sold 8,760 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $78.30, for a total transaction of $685,908.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert D. Fatovic sold 17,755 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $82.44, for a total transaction of $1,463,722.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,633 shares of company stock worth $5,174,795. 1.95% of the stock is owned by insiders.
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Ryder System Company Profile
Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.
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