Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Ryder System (R) Share Price
Media headlines about Ryder System (NYSE:R) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ryder System earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the transportation company an impact score of 44.3020604748676 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
- Ryder System : Receives U.S. EPA 2017 SmartWay® Excellence Award (4-traders.com)
- Ryder Sponsors Plug and Play’s Program for Startups – Transport Topics Online (ttnews.com)
- Ryder Employees Volunteer to Support #GivingTuesday for the Sixth Year in a Row – Business Wire (press release) (businesswire.com)
- Ryder Receives US EPA 2017 SmartWay – Business Wire (press release) (businesswire.com)
- Ryder Unveils Newly Built Maintenance Facility in Charlotte, North Carolina – Business Wire (press release) (businesswire.com)
R has been the subject of a number of recent research reports. BidaskClub upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Buckingham Research initiated coverage on Ryder System in a research report on Monday, August 21st. They set a “buy” rating and a $85.00 target price for the company. ValuEngine upgraded Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Stifel Nicolaus restated a “hold” rating and set a $68.00 target price on shares of Ryder System in a research report on Tuesday, September 5th. Finally, KeyCorp upgraded Ryder System from a “sector weight” rating to an “overweight” rating in a research report on Wednesday, September 13th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $85.00.
Shares of Ryder System (NYSE R) opened at $82.35 on Friday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.96 and a current ratio of 1.02. Ryder System has a 52 week low of $62.52 and a 52 week high of $85.50. The company has a market capitalization of $4,367.13, a price-to-earnings ratio of 19.55, a P/E/G ratio of 1.22 and a beta of 1.51.
Ryder System (NYSE:R) last announced its quarterly earnings data on Tuesday, October 24th. The transportation company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. Ryder System had a return on equity of 10.72% and a net margin of 2.75%. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the firm earned $1.67 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. analysts anticipate that Ryder System will post 4.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 20th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.23%. Ryder System’s dividend payout ratio (DPR) is presently 49.86%.
In other Ryder System news, CMO Karen M. Jones sold 4,790 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $81.78, for a total value of $391,726.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John J. Gleason sold 8,760 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $78.30, for a total value of $685,908.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,878 shares of company stock valued at $3,711,073. 1.95% of the stock is owned by insiders.
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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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