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

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

Several other research firms have also weighed in on R. The Goldman Sachs Group upped their price objective on shares of Ryder System from $160.00 to $183.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. StockNews.com cut Ryder System from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $151.71.

Ryder System Price Performance

R opened at $166.37 on Thursday. The firm has a market capitalization of $7.04 billion, a P/E ratio of 15.56 and a beta of 1.29. The stock has a fifty day moving average of $160.29 and a 200-day moving average of $151.89. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.17. Ryder System has a 12-month low of $106.62 and a 12-month high of $171.78.

Ryder System (NYSE:R) last announced its quarterly earnings data on Wednesday, February 12th. The transportation company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 forecast that Ryder System will post 12 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC raised its holdings in Ryder System by 28.5% in the 4th quarter. Jane Street Group LLC now owns 34,710 shares of the transportation company’s stock worth $5,445,000 after acquiring an additional 7,703 shares during the period. Kapitalo Investimentos Ltda bought a new position in shares of Ryder System in the fourth quarter worth about $59,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Ryder System during the 4th quarter worth about $9,029,000. Northern Trust Corp boosted its stake in Ryder System by 28.1% during the 4th quarter. Northern Trust Corp now owns 447,890 shares of the transportation company’s stock valued at $70,256,000 after purchasing an additional 98,196 shares during the period. Finally, Earnest Partners LLC grew its holdings in Ryder System by 2.4% in the 4th quarter. Earnest Partners LLC now owns 1,905,223 shares of the transportation company’s stock valued at $298,853,000 after buying an additional 45,393 shares during the last quarter. Institutional investors and hedge funds 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.