News coverage about Ryder System (NYSE:R) has trended somewhat negative this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ryder System earned a coverage optimism score of 0.00 on Accern’s scale. Accern also gave media stories about the transportation company an impact score of 44.4882686181844 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several research analysts have weighed in on R shares. Buckingham Research lifted their target price on Ryder System from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. ValuEngine lowered Ryder System from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Zacks Investment Research upgraded Ryder System from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Monday, January 15th. Stifel Nicolaus restated a “hold” rating and issued a $86.00 price target on shares of Ryder System in a report on Thursday, January 18th. Finally, Aegis restated 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. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $88.71.
Ryder System (R) traded up $0.19 during trading hours on Thursday, hitting $87.22. The company had a trading volume of 367,228 shares, compared to its average volume of 458,679. 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 firm has a market capitalization of $4,630.00, a P/E ratio of 23.68, a P/E/G ratio of 1.00 and a beta of 1.51. Ryder System has a twelve month low of $62.52 and a twelve month high of $90.26.
Ryder System announced that its board has initiated a share repurchase plan on Thursday, December 14th that authorizes the company to repurchase 1,500,000 outstanding shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
In other Ryder System news, EVP Robert D. Fatovic sold 17,755 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $82.44, for a total transaction of $1,463,722.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John J. Gleason sold 8,760 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $78.30, for a total value of $685,908.00. The disclosure for this sale can be found here. 1.95% of the stock is currently owned by insiders.
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About Ryder System
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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