Ryder System (NYSE:R) Price Target Cut to $165.00 by Analysts at JPMorgan Chase & Co.

Ryder System (NYSE:R) had its price target dropped by research analysts at JPMorgan Chase & Co. from $174.00 to $165.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 20.24% from the company’s current price.

Separately, StockNews.com cut shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Ryder System has an average rating of “Moderate Buy” and a consensus price target of $160.50.

Ryder System Stock Down 1.4 %

Shares of Ryder System stock opened at $137.23 on Thursday. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.75 and a quick ratio of 0.75. The business has a 50-day moving average of $145.40 and a two-hundred day moving average of $154.21. Ryder System has a 1 year low of $116.58 and a 1 year high of $171.78. The company has a market capitalization of $5.73 billion, a P/E ratio of 12.37 and a beta of 1.10.

Ryder System (NYSE:R) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.06. Ryder System had a net margin of 3.87% and a return on equity of 17.23%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the firm earned $2.14 earnings per share. As a group, equities analysts predict that Ryder System will post 13.68 EPS for the current year.

Institutional Investors Weigh In On Ryder System

A number of institutional investors have recently made changes to their positions in the company. Invst LLC boosted its stake in Ryder System by 0.7% in the 4th quarter. Invst LLC now owns 8,315 shares of the transportation company’s stock valued at $1,304,000 after purchasing an additional 61 shares during the period. Deutsche Bank AG increased its position in Ryder System by 1.6% during the fourth quarter. Deutsche Bank AG now owns 4,136 shares of the transportation company’s stock worth $649,000 after acquiring an additional 65 shares during the period. Sanctuary Advisors LLC boosted its holdings in Ryder System by 0.9% in the 4th quarter. Sanctuary Advisors LLC now owns 7,894 shares of the transportation company’s stock valued at $1,282,000 after purchasing an additional 68 shares during the period. Savant Capital LLC grew its position in shares of Ryder System by 3.6% during the 4th quarter. Savant Capital LLC now owns 2,438 shares of the transportation company’s stock worth $382,000 after purchasing an additional 84 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of Ryder System by 0.9% during the fourth quarter. Baird Financial Group Inc. now owns 9,826 shares of the transportation company’s stock worth $1,541,000 after purchasing an additional 90 shares during the period. 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.