Ryder System (R) has been under a strong bear grip, hence the stock is down -0.35% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.33% in the past 1 week. The stock has risen by 3.5% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.89% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.04% and the 50-Day Moving Average is 0.99%.The 200 Day SMA reached 6.54%
Ryder System (NYSE:R): After opening at $65.34, the stock dipped to an intraday low of $64.81 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $66.2 and the buying power remained strong till the end. The stock closed at $65.95 for the day, a gain of 2.34% for the day session. The total traded volume was 812,671. The stocks close on the previous trading day was $65.95.
Ryder System (R) : The most positive equity analysts on Ryder System (R) expects the shares to touch $80, whereas, the least positive believes that the stock will trade at $73 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $76.4 with an expected fluctuation of $2.7 from the mean.
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.