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A statement released earlier today by Zacks Investment Research about Ryder System, Inc. (NYSE:R) raises the target price to $82.00

In a report released on 7/7/2017 Zacks Investment Research bumped up the target of Ryder System, Inc. (NYSE:R) to $82.00 indicating a possible upside of 0.12%.

Yesterday Ryder System, Inc. (NYSE:R) traded 1.90% higher at $73.05. The company’s 50-day moving average is $72.52 and its 200-day moving average is $72.22. The last stock close price is up 0.85% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 551,009 shares of the stock were exchanged, down from an average trading volume of 930,448

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Ryder System, Inc. (NYSE:R)

Ryder System, Inc. has a 52 week low of $62.03 and a 52 week high of $85.42 with a P/E ratio of 17.54 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 11 firms have reported on the stock. The consensus target price is $77.64 with 8 firms rating the stock a strong buy, 1 firm rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Ryder System, Inc. (NYSE:R)

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. Through its FMS business, the Company provides its customers with various fleet solutions. In addition, it provides its customers to purchase a selection of used trucks, tractors and trailers through its used vehicle sales program. Its customer base includes enterprises operating in various industries.

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