Ryder System (NYSE:R) Downgraded to Sell at ValuEngine

Ryder System (NYSE:R) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, June 6th.

A number of other brokerages have also recently issued reports on R. KeyCorp reiterated an “overweight” rating and set a $95.00 price objective (down previously from $100.00) on shares of Ryder System in a research note on Tuesday, February 20th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $73.00 price target (down previously from $94.00) on shares of Ryder System in a research note on Tuesday, February 20th. Buckingham Research restated a “buy” rating and issued a $90.00 price target (down previously from $101.00) on shares of Ryder System in a research note on Tuesday, February 20th. Zacks Investment Research cut Ryder System from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Ryder System in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $84.75.

Shares of NYSE:R opened at $70.39 on Wednesday. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 0.84 and a beta of 1.46. Ryder System has a 1-year low of $65.65 and a 1-year high of $90.26. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.72 and a quick ratio of 0.68.



Ryder System (NYSE:R) last posted its earnings results on Tuesday, April 24th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.04. Ryder System had a return on equity of 9.82% and a net margin of 10.50%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the company earned $0.82 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. sell-side analysts expect that Ryder System will post 5.63 EPS for the current year.

In other Ryder System news, Director E Follin Smith sold 988 shares of Ryder System stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $68.41, for a total value of $67,589.08. Following the completion of the sale, the director now directly owns 28,698 shares in the company, valued at $1,963,230.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Luis P. Nieto, Jr. sold 1,990 shares of Ryder System stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $67.93, for a total value of $135,180.70. The disclosure for this sale can be found here. 2.27% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Personal Resources Investment & Strategic Management Inc. boosted its position in shares of Ryder System by 3.5% during the first quarter. Personal Resources Investment & Strategic Management Inc. now owns 33,796 shares of the transportation company’s stock valued at $2,320,000 after buying an additional 1,146 shares during the last quarter. Allianz Asset Management GmbH boosted its position in shares of Ryder System by 33.9% during the first quarter. Allianz Asset Management GmbH now owns 92,581 shares of the transportation company’s stock valued at $6,740,000 after buying an additional 23,446 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Ryder System by 2.8% during the first quarter. Principal Financial Group Inc. now owns 231,610 shares of the transportation company’s stock valued at $16,859,000 after buying an additional 6,273 shares during the last quarter. Wesbanco Bank Inc. purchased a new position in shares of Ryder System during the first quarter valued at approximately $1,494,000. Finally, Xact Kapitalforvaltning AB boosted its position in shares of Ryder System by 56.0% during the first quarter. Xact Kapitalforvaltning AB now owns 6,130 shares of the transportation company’s stock valued at $446,000 after buying an additional 2,200 shares during the last quarter. 91.05% of the stock is owned by hedge funds and other 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Ryder System (NYSE:R)

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