The stock of Ryder System, Inc. (NYSE:R) hit a new 52-week high and has $88.05 target or 9.00% above today’s $80.78 share price. The 9 months bullish chart indicates low risk for the $4.34 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $88.05 price target is reached, the company will be worth $390.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 262,616 shares traded hands. Ryder System, Inc. (NYSE:R) has risen 19.84% since April 21, 2016 and is uptrending. It has outperformed by 14.51% the S&P500.
Analysts await Ryder System, Inc. (NYSE:R) to report earnings on February, 2 before the open. They expect $1.40 EPS, down 15.66% or $0.26 from last year’s $1.66 per share. R’s profit will be $75.22M for 14.43 P/E if the $1.40 EPS becomes a reality. After $1.67 actual EPS reported by Ryder System, Inc. for the previous quarter, Wall Street now forecasts -16.17% negative EPS growth.
Ryder System, Inc. (NYSE:R) Ratings Coverage
Out of 7 analysts covering Ryder System Inc. (NYSE:R), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Ryder System Inc. has been the topic of 15 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The stock of Ryder System, Inc. (NYSE:R) earned “Strong Buy” rating by Raymond James on Friday, August 28. The stock of Ryder System, Inc. (NYSE:R) earned “Buy” rating by CLSA on Friday, September 30. The stock of Ryder System, Inc. (NYSE:R) has “Outperform” rating given on Tuesday, October 13 by FBR Capital. As per Friday, October 23, the company rating was maintained by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Top Pick” on Tuesday, October 13. On Tuesday, October 13 the stock rating was maintained by Stifel Nicolaus with “Buy”. RBC Capital Markets downgraded it to “Sector Perform” rating and $58.0 target price in Thursday, January 7 report. RBC Capital Markets maintained Ryder System, Inc. (NYSE:R) on Wednesday, February 3 with “Sector Perform” rating. Stifel Nicolaus downgraded Ryder System, Inc. (NYSE:R) on Tuesday, November 15 to “Hold” rating. The stock has “Sector Weight” rating given by KeyBanc Capital Markets on Wednesday, September 9.
According to Zacks Investment Research, “Ryder System, Inc. provides a continuum of leading-edge logistics, supply chain and transportation management solutions worldwide. Product offerings range from full-service leasing, commercial rental and programmed maintenance of vehicles to integrated services such as dedicated contract carriage and carrier management. Additionally, Ryder offers comprehensive supply chain solutions, lead logistics management services and e-Commerce solutions that support clients entire supply chains.”
Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.01, from 1.01 in 2016Q1. The ratio fall, as 33 funds sold all Ryder System, Inc. shares owned while 108 reduced positions. 50 funds bought stakes while 93 increased positions. They now own 48.50 million shares or 4.09% less from 50.56 million shares in 2016Q1.
Teachers Retirement System Of The State Of Kentucky has invested 0.12% of its portfolio in Ryder System, Inc. (NYSE:R). Whittier Trust Communication accumulated 0% or 1,037 shares. Breton Hill Limited has 13,759 shares for 0.27% of their US portfolio. Schroder Investment Management Gru, a Maine-based fund reported 793,594 shares. Fincl Bank Of Montreal Can holds 27,866 shares or 0% of its portfolio. Cubist Systematic Strategies Llc reported 45,156 shares or 0.16% of all its holdings. Prudential, a New Jersey-based fund reported 262,155 shares. Rothschild Asset accumulated 0.24% or 215,549 shares. Montag A & Associate has 0.13% invested in the company for 15,800 shares. Piedmont Advsr Limited Liability Com has 3 shares for 0% of their US portfolio. Intrust Bank & Trust Na, a Kansas-based fund reported 6,004 shares. Parametric Port Associate Lc last reported 185,244 shares in the company. Gargoyle Advisor Ltd Llc has 39,512 shares for 0.9% of their US portfolio. Citadel Llc accumulated 634,794 shares or 0.04% of the stock. Dynamic Cap Mgmt Limited last reported 33,044 shares in the company.
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 4 insider sales for $1.76 million net activity. The insider JONES KAREN M. sold 1,000 shares worth $69,022. 37,550 shares were sold by SANCHEZ ROBERT E, worth $2.56 million on Tuesday, May 24. 6,000 shares were sold by Cooke Dennis C, worth $475,616. Shares for $1.14 million were sold by Fatovic Robert D on Wednesday, November 9. Gleason John J also sold $77,409 worth of Ryder System, Inc. (NYSE:R) on Friday, November 11.
More notable recent Ryder System, Inc. (NYSE:R) news were published by: Seekingalpha.com which released: “Ryder System: The Impact Of Trump Policy” on November 21, 2016, also Nasdaq.com with their article: “Ryder System, Inc. (R) Ex-Dividend Date Scheduled for November 17, 2016” published on November 16, 2016, Profitconfidential.com published: “Ryder System, Inc.: Facts Don’t Lie, R Stock Is About to Fly” on November 09, 2016. More interesting news about Ryder System, Inc. (NYSE:R) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Microchip Technology, Ryder System and Moody’s” published on November 15, 2016 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Ryder System, Inc., 57.1% Follow-Through Indicator …” with publication date: October 25, 2016.
R Company Profile
Ryder System, Inc., incorporated on March 22, 1955, is engaged in offering transportation and supply chain management solutions. The Firm operates through three divisions: Fleet Management Solutions (FMS), which provide full service leasing, commercial rental, contract maintenance and contract-related maintenance of trucks, tractors and trailers to clients in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provide vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provide supply chain solutions, including distribution and transportation services in North America and Asia. Through its FMS business, the Company provides its clients with various fleet solutions. In addition, the Company provides its clients to purchase a selection of used trucks, tractors and trailers through its used vehicle sales program. The Company’s customer base includes enterprises operating in various industries, including automotive, industrial, food and beverage service, consumer packaged goods (CPG), transportation and warehousing, technology and healthcare, retail, consumer brands, housing, business and personal services, and paper and publishing.
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