News articles about Ryder System (NYSE:R) have been trending somewhat positive on Saturday, Accern reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ryder System earned a news impact score of 0.02 on Accern’s scale. Accern also gave headlines about the transportation company an impact score of 44.8012044988377 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Ryder System (R) opened at $89.82 on Friday. The company has a market capitalization of $4,760.00, a P/E ratio of 24.21, a PEG ratio of 1.10 and a beta of 1.51. Ryder System has a 52 week low of $62.52 and a 52 week high of $90.00. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 2.39.
Ryder System (NYSE:R) last issued its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.29 by $0.04. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.80 billion. Ryder System had a return on equity of 11.00% and a net margin of 3.19%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 earnings per share. equities research analysts predict that Ryder System will post 4.51 EPS for the current year.
Ryder System announced that its Board of Directors has approved a stock repurchase program on Thursday, December 14th that authorizes the company to repurchase 1,500,000 shares. This repurchase authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
R has been the topic of a number of research reports. Buckingham Research upped their price target on Ryder System from $92.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. ValuEngine downgraded Ryder System from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Zacks Investment Research raised Ryder System from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Tuesday, October 31st. Aegis reaffirmed a “buy” rating and set a $91.00 price target (up from $84.00) on shares of Ryder System in a research note on Tuesday, October 10th. Finally, JPMorgan Chase & Co. upped their price target on Ryder System from $69.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Ryder System presently has a consensus rating of “Hold” and an average target price of $85.00.
In related news, insider Dennis C. Cooke sold 32,328 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $81.46, for a total transaction of $2,633,438.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Karen M. Jones sold 4,790 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $81.78, for a total value of $391,726.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,633 shares of company stock valued at $5,174,795. Company insiders own 1.95% of the company’s stock.
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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