News headlines about Ryder System (NYSE:R) have been trending somewhat negative recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ryder System earned a coverage optimism score of -0.02 on Accern’s scale. Accern also assigned news headlines about the transportation company an impact score of 45.1840876513985 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern’s rankings:
- Ryder’s stock falls to pace Dow transports’ losers after J.P. Morgan turns bearish (marketwatch.com)
- Buckingham Research Raises Ryder System (R) Price Target to $93.00 (americanbankingnews.com)
- Ryder System (R) Cut to “Underweight” at JPMorgan Chase (americanbankingnews.com)
- Ryder expands last-mile footprint with $120mn MXD acquisition (supplychaindigital.com)
- Acquisition strengthens Ryder’s last mile delivery presence (trucknews.com)
R stock traded down $0.21 during trading on Thursday, hitting $72.78. 886,144 shares of the company traded hands, compared to its average volume of 588,311. The stock has a market capitalization of $3,887.49, a PE ratio of 16.07, a P/E/G ratio of 0.87 and a beta of 1.47. Ryder System has a 1 year low of $62.52 and a 1 year high of $90.26. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.66 and a quick ratio of 0.62.
The business also recently announced a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Tuesday, February 20th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from Ryder System’s previous quarterly dividend of $0.46. This represents a $2.08 annualized dividend and a yield of 2.86%. Ryder System’s dividend payout ratio is currently 45.92%.
Ryder System announced that its Board of Directors has authorized a stock repurchase plan on Thursday, December 14th that authorizes the company to buyback 1,500,000 shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
R has been the topic of a number of research analyst reports. JPMorgan Chase restated a “neutral” rating and issued a $73.00 target price (down from $94.00) on shares of Ryder System in a research note on Tuesday, February 20th. Zacks Investment Research upgraded Ryder System from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Monday, January 15th. Buckingham Research reiterated a “buy” rating and set a $90.00 price objective (down from $101.00) on shares of Ryder System in a research report on Tuesday, February 20th. KeyCorp reiterated an “overweight” rating and set a $95.00 price objective (down from $100.00) on shares of Ryder System in a research report on Tuesday, February 20th. Finally, Seaport Global Securities reiterated a “hold” rating on shares of Ryder System in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $88.00.
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Ryder System Company Profile
Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.
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