Ryder System (NYSE:R) : Zacks Investment Research ranks Ryder System (NYSE:R) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 1.73, which indicates as a Buy.
Ryder System (NYSE:R) : 8 investment research analysts covering Ryder System (NYSE:R) have an average price target of $77.13 for the near short term. The highest target price given by the Brokerage Firm to the stock is $93 and the lowest target is $61 for the short term. Analysts expect the variance to be within $10.55 of the average price.
For the current week, the company shares have a recommendation consensus of Buy.
Ryder System (NYSE:R): stock turned positive on Tuesday. Though the stock opened at $58.47, the bulls momentum made the stock top out at $59.13 level for the day. The stock recorded a low of $58.14 and closed the trading day at $59, in the green by 3.20%. The total traded volume for the day was 978,293. The stock had closed at $57.17 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chair and CEO) of Ryder System Inc, Sanchez Robert E had sold 37,550 shares worth of $2,555,278 in a transaction dated May 24, 2016. In this transaction, 37,550 shares were sold at $68.05 per share.
Ryder System, Inc. (Ryder) is engaged in offering commercial fleet management and supply chain solutions. Ryder operates in two segments: Fleet Management Solutions (FMS) and Supply Chain Solutions (SCS). The Fleet Management Solutions segment provides service leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers in the United States, Canada and the United Kingdom. The Supply Chain Solutions segment provides supply chain solutions, including distribution and transportation services in North America and Asia. The Supply Chain Solutions segment also provides services, which includes vehicles and drivers as part of a transportation solution in the United States. In addition, the Companys SCS business, as well as its FMS business provides customers with capacity management services.