Ryder (R) Given New $76.00 Price Target at Stifel Nicolaus

Ryder (NYSE:R) had its target price lowered by Stifel Nicolaus from $79.00 to $76.00 in a report published on Wednesday morning. The brokerage currently has a hold rating on the transportation company’s stock.

Other equities research analysts have also issued reports about the company. Buckingham Research restated a buy rating and issued a $90.00 price objective (down from $101.00) on shares of Ryder in a research note on Tuesday, February 20th. Zacks Investment Research upgraded Ryder from a hold rating to a buy rating and set a $100.00 price objective for the company in a research note on Monday, January 15th. Seaport Global Securities restated a hold rating on shares of Ryder in a research note on Friday, February 23rd. JPMorgan Chase restated a neutral rating and issued a $73.00 price objective (down from $94.00) on shares of Ryder in a research note on Tuesday, February 20th. Finally, Goldman Sachs started coverage on Ryder in a research note on Tuesday, April 10th. They issued a neutral rating and a $73.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $83.22.

NYSE R opened at $68.04 on Wednesday. The firm has a market cap of $3,623.14, a PE ratio of 15.02, a PEG ratio of 0.82 and a beta of 1.47. The company has a current ratio of 1.16, a quick ratio of 0.62 and a debt-to-equity ratio of 1.99. Ryder has a 1-year low of $62.52 and a 1-year high of $90.26.

Ryder (NYSE:R) last released its quarterly earnings results on Tuesday, April 24th. The transportation company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Ryder had a return on equity of 9.82% and a net margin of 10.50%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. analysts forecast that Ryder will post 5.59 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. California State Teachers Retirement System increased its stake in Ryder by 0.7% in the 4th quarter. California State Teachers Retirement System now owns 91,655 shares of the transportation company’s stock worth $7,715,000 after buying an additional 593 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Ryder by 2.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 25,226 shares of the transportation company’s stock worth $2,123,000 after buying an additional 634 shares in the last quarter. Meadow Creek Investment Management LLC increased its stake in Ryder by 1.5% in the 4th quarter. Meadow Creek Investment Management LLC now owns 45,872 shares of the transportation company’s stock worth $3,861,000 after buying an additional 672 shares in the last quarter. Eqis Capital Management Inc. increased its stake in Ryder by 10.9% in the 4th quarter. Eqis Capital Management Inc. now owns 9,058 shares of the transportation company’s stock worth $762,000 after buying an additional 891 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Ryder by 12.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,929 shares of the transportation company’s stock worth $667,000 after buying an additional 898 shares in the last quarter. Institutional investors and hedge funds own 93.43% of the company’s stock.

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About Ryder

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.

Analyst Recommendations for Ryder (NYSE:R)

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