Ryder System (R) Now Covered by Deutsche Bank

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Investment analysts at Deutsche Bank initiated coverage on shares of Ryder System (NYSE:R) in a report released on Tuesday, Marketbeat reports. The brokerage set a “buy” rating and a $88.00 price target on the transportation company’s stock. Deutsche Bank’s price target suggests a potential upside of 13.70% from the stock’s current price.

Several other equities analysts have also recently weighed in on R. Mizuho assumed coverage on Ryder System in a report on Thursday, June 28th. They set a “buy” rating and a $85.00 price objective on the stock. Stifel Nicolaus lifted their price objective on Ryder System from $76.00 to $81.00 and gave the company a “hold” rating in a report on Thursday, July 26th. ValuEngine cut Ryder System from a “hold” rating to a “sell” rating in a report on Wednesday, June 6th. Zacks Investment Research upgraded Ryder System from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Tuesday, August 21st. Finally, KeyCorp cut their price objective on Ryder System from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, June 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $84.30.

NYSE:R opened at $77.40 on Tuesday. Ryder System has a fifty-two week low of $65.65 and a fifty-two week high of $90.26. The company has a current ratio of 0.68, a quick ratio of 0.64 and a debt-to-equity ratio of 1.84. The stock has a market cap of $4.08 billion, a PE ratio of 16.94 and a beta of 1.46.

Ryder System (NYSE:R) last released its quarterly earnings data on Wednesday, July 25th. The transportation company reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.13. Ryder System had a return on equity of 9.96% and a net margin of 9.99%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the business posted $1.00 EPS. Ryder System’s revenue for the quarter was up 16.9% on a year-over-year basis. equities analysts expect that Ryder System will post 5.77 EPS for the current fiscal year.

In other news, CFO Art A. Garcia sold 3,412 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $76.82, for a total transaction of $262,109.84. Following the sale, the chief financial officer now owns 16,201 shares in the company, valued at approximately $1,244,560.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John J. Diez sold 6,520 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $79.44, for a total value of $517,948.80. The disclosure for this sale can be found here. Insiders sold a total of 57,865 shares of company stock worth $4,502,858 in the last 90 days. Company insiders own 2.27% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Spark Investment Management LLC raised its stake in shares of Ryder System by 19.4% during the 2nd quarter. Spark Investment Management LLC now owns 4,000 shares of the transportation company’s stock worth $287,000 after purchasing an additional 650 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Ryder System by 22.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 4,766 shares of the transportation company’s stock worth $346,000 after purchasing an additional 876 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Ryder System by 11.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,807 shares of the transportation company’s stock worth $641,000 after purchasing an additional 878 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Ryder System by 16.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,395 shares of the transportation company’s stock worth $460,000 after purchasing an additional 899 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its stake in shares of Ryder System by 14.7% during 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. Institutional investors own 90.04% of the company’s stock.

Ryder System 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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Analyst Recommendations for Ryder System (NYSE:R)

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