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

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

A number of other brokerages have also issued reports on R. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $122.00 price target on shares of Ryder System in a research note on Thursday, February 15th. StockNews.com lowered Ryder System from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. Wells Fargo & Company lifted their price target on Ryder System from $100.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 15th. Vertical Research downgraded Ryder System from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research report on Wednesday, January 10th. Finally, Stephens lifted their price objective on Ryder System from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Ryder System has an average rating of “Hold” and a consensus price target of $123.71.

Ryder System Stock Performance

R stock traded down $2.01 during trading on Wednesday, hitting $120.00. 118,341 shares of the company traded hands, compared to its average volume of 258,015. The stock’s 50-day simple moving average is $114.26 and its 200 day simple moving average is $110.58. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $5.31 billion, a PE ratio of 13.85 and a beta of 1.40. Ryder System has a 1 year low of $76.15 and a 1 year high of $122.94.

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

Insider Buying and Selling at Ryder System

In related news, CMO Karen M. Jones sold 7,737 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of R. Wellington Management Group LLP boosted its position in shares of Ryder System by 34.9% during the 4th quarter. Wellington Management Group LLP now owns 3,442,545 shares of the transportation company’s stock worth $396,099,000 after acquiring an additional 890,986 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Ryder System by 2.5% during the 3rd quarter. Earnest Partners LLC now owns 1,666,621 shares of the transportation company’s stock worth $178,245,000 after acquiring an additional 40,086 shares in the last quarter. LSV Asset Management boosted its position in shares of Ryder System by 3.8% during the 4th quarter. LSV Asset Management now owns 1,629,618 shares of the transportation company’s stock worth $187,504,000 after acquiring an additional 59,156 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Ryder System by 12.3% in the 3rd quarter. AQR Capital Management LLC now owns 845,253 shares of the transportation company’s stock valued at $90,400,000 after purchasing an additional 92,760 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Ryder System by 7.9% in the 3rd quarter. American Century Companies Inc. now owns 775,382 shares of the transportation company’s stock valued at $82,927,000 after purchasing an additional 56,851 shares during the period. 87.47% of the stock is owned by institutional investors and hedge funds.

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.