Ryder (R) Stock Price Down 8.6%

Ryder (NYSE:R) was down 8.6% during trading on Tuesday . The stock traded as low as $67.62 and last traded at $68.39. Approximately 2,313,091 shares changed hands during mid-day trading, an increase of 285% from the average daily volume of 600,740 shares. The stock had previously closed at $74.83.

Several equities research analysts recently commented on R shares. Zacks Investment Research raised Ryder from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a report on Monday, January 15th. Buckingham Research reissued a “buy” rating and set a $90.00 target price (down previously from $101.00) on shares of Ryder in a research note on Tuesday, February 20th. Stifel Nicolaus reissued a “hold” rating and set a $86.00 target price on shares of Ryder in a research note on Thursday, January 18th. Seaport Global Securities reissued a “hold” rating on shares of Ryder in a research note on Friday, February 23rd. Finally, JPMorgan Chase reissued a “neutral” rating and set a $73.00 target price (down previously from $94.00) on shares of Ryder in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Ryder currently has a consensus rating of “Hold” and a consensus target price of $86.33.

The company has a market capitalization of $3,922.99, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.88 and a beta of 1.47. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.66 and a quick ratio of 0.62.

Ryder (NYSE:R) last released its quarterly earnings results on Tuesday, April 24th. The transportation company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Ryder had a return on equity of 10.47% and a net margin of 10.78%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the business posted $0.82 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. research analysts anticipate that Ryder will post 5.59 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its position in shares of Ryder by 369.7% during the fourth quarter. Bessemer Group Inc. now owns 1,832 shares of the transportation company’s stock worth $154,000 after buying an additional 1,442 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of Ryder during the fourth quarter worth about $204,000. Loews Corp acquired a new stake in shares of Ryder during the fourth quarter worth about $210,000. Alambic Investment Management L.P. acquired a new stake in shares of Ryder during the fourth quarter worth about $210,000. Finally, NorthCoast Asset Management LLC acquired a new stake in shares of Ryder during the fourth quarter worth about $233,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

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Ryder Company Profile

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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