Ryder System (R) Downgraded by TheStreet to “C+”

Ryder System (NYSE:R) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Friday.

Other equities research analysts also recently issued research reports about the stock. Mizuho reissued a “buy” rating and set a $90.00 price objective on shares of Ryder System in a research report on Thursday, July 26th. Stifel Nicolaus boosted their price objective on shares of Ryder System from $76.00 to $81.00 and gave the company a “hold” rating in a research report on Thursday, July 26th. Zacks Investment Research raised shares of Ryder System from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Thursday, August 2nd. Loop Capital raised shares of Ryder System from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Thursday, October 25th. Finally, ValuEngine downgraded shares of Ryder System from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $79.82.

Shares of R opened at $56.96 on Friday. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 12.57 and a beta of 1.63. The company has a quick ratio of 0.64, a current ratio of 0.67 and a debt-to-equity ratio of 1.86. Ryder System has a 1-year low of $53.97 and a 1-year high of $90.26.

Ryder System (NYSE:R) last announced its earnings results on Friday, October 26th. The transportation company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.01). The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Ryder System had a net margin of 9.98% and a return on equity of 9.88%. Ryder System’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 earnings per share. Sell-side analysts expect that Ryder System will post 5.79 earnings per share for the current year.

In related news, insider John J. Diez sold 6,520 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $79.44, for a total value of $517,948.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.27% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in Ryder System by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 231,610 shares of the transportation company’s stock worth $16,859,000 after purchasing an additional 6,273 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Ryder System by 33.9% in the 1st quarter. Allianz Asset Management GmbH now owns 92,581 shares of the transportation company’s stock worth $6,740,000 after purchasing an additional 23,446 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Ryder System by 40.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,780 shares of the transportation company’s stock worth $415,000 after purchasing an additional 1,650 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in Ryder System by 14.7% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 7,030 shares of the transportation company’s stock worth $505,000 after purchasing an additional 900 shares in the last quarter. Finally, Personal Resources Investment & Strategic Management Inc. lifted its stake in Ryder System by 8.1% in the 2nd quarter. Personal Resources Investment & Strategic Management Inc. now owns 36,526 shares of the transportation company’s stock worth $2,675,000 after purchasing an additional 2,730 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

About Ryder System

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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Analyst Recommendations for Ryder System (NYSE:R)

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