Media stories about Ryder System (NYSE:R) have been trending somewhat positive on Thursday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ryder System earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned press coverage about the transportation company an impact score of 45.3364031538891 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Ryder System from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine lowered Ryder System from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Robert W. Baird reiterated an “outperform” rating and issued a $98.00 price target (up from $84.00) on shares of Ryder System in a report on Monday, October 2nd. JPMorgan Chase & Co. lifted their price target on Ryder System from $69.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Finally, Aegis reiterated a “buy” rating and issued a $91.00 price target (up from $84.00) on shares of Ryder System in a report on Tuesday, October 10th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $85.00.
Ryder System (NYSE R) traded up $2.13 during trading on Thursday, reaching $89.30. The company’s stock had a trading volume of 550,600 shares, compared to its average volume of 455,432. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 2.39. The stock has a market cap of $4,730.00, a P/E ratio of 24.07, a PEG ratio of 1.10 and a beta of 1.51. Ryder System has a twelve month low of $62.52 and a twelve month high of $89.61.
Ryder System (NYSE:R) last posted its quarterly earnings results on Tuesday, October 24th. The transportation company reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.04. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.80 billion. Ryder System had a return on equity of 11.00% and a net margin of 3.19%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 EPS. analysts expect that Ryder System will post 4.51 EPS for the current fiscal year.
Ryder System declared that its Board of Directors has initiated a stock buyback plan on Thursday, December 14th that authorizes the company to repurchase 1,500,000 shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
In related news, CMO Karen M. Jones sold 4,790 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $81.78, for a total value of $391,726.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dennis C. Cooke sold 32,328 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $81.46, for a total value of $2,633,438.88. The disclosure for this sale can be found here. In the last three months, insiders sold 63,633 shares of company stock valued at $5,174,795. Insiders own 1.95% of the company’s stock.
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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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