JPMorgan Chase & Co. Lowers Ryder System (NYSE:R) Price Target to $174.00

Ryder System (NYSE:R) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $176.00 to $174.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 4.58% from the company’s previous close.

Several other research firms have also commented on R. StockNews.com lowered shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group lifted their price target on Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.71.

Ryder System Stock Performance

Shares of R stock opened at $166.37 on Thursday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 15.56 and a beta of 1.29. Ryder System has a one year low of $106.62 and a one year high of $171.78. The company’s 50-day simple moving average is $160.29 and its 200-day simple moving average is $151.89.

Ryder System (NYSE:R) last issued its quarterly earnings results on Wednesday, February 12th. The transportation company reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.39 by $0.06. Ryder System had a return on equity of 16.78% and a net margin of 3.83%. Equities analysts anticipate that Ryder System will post 12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ryder System

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Keystone Financial Group Inc. bought a new stake in shares of Ryder System in the 4th quarter worth approximately $26,000. SBI Securities Co. Ltd. bought a new position in shares of Ryder System in the fourth quarter valued at $26,000. Wolff Wiese Magana LLC bought a new stake in shares of Ryder System during the 3rd quarter worth $28,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Ryder System in the 3rd quarter worth $34,000. Finally, R Squared Ltd acquired a new stake in shares of Ryder System during the fourth quarter worth $45,000. Institutional investors own 87.47% of the company’s stock.

About Ryder System

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.