Ryder System (R) Given Daily News Impact Rating of 0.16
Media headlines about Ryder System (NYSE:R) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ryder System earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned press coverage about the transportation company an impact score of 45.4011598076976 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Ryder lauded for hiring vets (dcvelocity.com)
- Ryder System, Inc. (R) to Post FY2019 Earnings of $6.00 Per Share, KeyCorp Forecasts (americanbankingnews.com)
- First FedEx Ground Provider Adds Workhorse Electric Van – Heavy Duty Trucking (truckinginfo.com)
- New York FedEx Ground Independent Service Provider Adds Workhorse Electric Van to Fleet (bizjournals.com)
A number of equities analysts have recently issued reports on the stock. ValuEngine cut shares of Ryder System from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Robert W. Baird reaffirmed an “outperform” rating and issued a $98.00 price target (up previously from $84.00) on shares of Ryder System in a research report on Monday, October 2nd. Buckingham Research raised their price target on shares of Ryder System from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of Ryder System from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Tuesday, September 26th. Finally, J P Morgan Chase & Co raised their price target on shares of Ryder System from $69.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $85.00.
Ryder System (NYSE R) traded down $0.75 during trading hours on Monday, reaching $81.73. 615,515 shares of the company’s stock traded hands, compared to its average volume of 707,075. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.96 and a current ratio of 1.02. The stock has a market cap of $4,367.13, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.22 and a beta of 1.51. Ryder System has a 52-week low of $62.52 and a 52-week high of $85.50.
Ryder System (NYSE:R) last posted its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.04. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.80 billion. Ryder System had a net margin of 2.75% and a return on equity of 10.72%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $1.67 EPS. analysts expect that Ryder System will post 4.51 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 annualized dividend and a yield of 2.25%. Ryder System’s dividend payout ratio (DPR) is 49.86%.
In other Ryder System news, insider Dennis C. Cooke sold 32,328 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $81.46, for a total value of $2,633,438.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John J. Gleason sold 8,760 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $78.30, for a total transaction of $685,908.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,633 shares of company stock valued at $5,174,795. Company insiders own 1.95% of the company’s stock.
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About Ryder System
Ryder System, Inc is engaged in offering transportation and supply chain management solutions. The Company operates through three segments: Fleet Management Solutions (FMS), which provides leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the United States, Canada and the United Kingdom; Dedicated Transportation Solutions (DTS), which provides vehicles and drivers as part of a dedicated transportation solution in the United States, and Supply Chain Solutions (SCS), which provides supply chain solutions, including distribution and transportation services in North America and Asia.
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