JPMorgan Chase & Co. Increases Ryder System (NYSE:R) Price Target to $126.00

Ryder System (NYSE:R) had its price target increased by investment analysts at JPMorgan Chase & Co. from $120.00 to $126.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 5.00% from the stock’s previous close.

Several other equities analysts have also issued reports on R. Robert W. Baird reaffirmed a “buy” rating and set a $140.00 price objective on shares of Ryder System in a report on Wednesday, January 3rd. The Goldman Sachs Group reissued a “buy” rating and set a $122.00 price target on shares of Ryder System in a report on Thursday, February 15th. Vertical Research lowered Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a report on Wednesday, January 10th. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. Finally, Wells Fargo & Company raised their price target on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, February 15th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $123.71.

Ryder System Trading Down 1.6 %

NYSE:R traded down $2.01 during trading hours on Wednesday, reaching $120.00. 118,341 shares of the stock were exchanged, compared to its average volume of 258,015. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.80. The business has a 50-day moving average of $114.26 and a two-hundred day moving average of $110.58. Ryder System has a twelve month low of $76.15 and a twelve month high of $122.94. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 13.85 and a beta of 1.40.

Ryder System (NYSE:R) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.43. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.06 billion. Ryder System had a return on equity of 19.68% and a net margin of 3.45%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $2.81 earnings per share. On average, equities analysts predict that Ryder System will post 11.9 EPS for the current year.

Insider Activity

In other news, CMO Karen M. Jones sold 7,737 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $113.48, for a total value of $877,994.76. Following the sale, the chief marketing officer now owns 12,396 shares in the company, valued at approximately $1,406,698.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Ryder System

Several hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC acquired a new position in shares of Ryder System during the 3rd quarter worth $26,000. Contravisory Investment Management Inc. acquired a new position in shares of Ryder System during the 4th quarter worth $26,000. GAMMA Investing LLC acquired a new position in Ryder System in the 4th quarter valued at $45,000. CWM LLC grew its stake in Ryder System by 33.9% in the 3rd quarter. CWM LLC now owns 438 shares of the transportation company’s stock valued at $47,000 after buying an additional 111 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in Ryder System by 406.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 506 shares of the transportation company’s stock valued at $54,000 after buying an additional 406 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ryder System Company Profile

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.