Zacks Investment Research downgraded Ryder System, Inc. (NYSE:R) to Sell in a report released today.
- Updated: September 29, 2016
Yesterday Ryder System, Inc. (NYSE:R) traded -0.97% lower at $65.07. The company’s 50-day moving average is $65.31 and its 200-day moving average is $65.68. The last stock close price is down -1.89% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 532,649 shares of the stock were exchanged, down from an average trading volume of 673,978
Zacks Investment Research has downgraded Ryder System, Inc. (NYSE:R) to Sell in a report released on 9/29/2016.
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Ryder System, Inc. has a 52 week low of $45.12 and a 52 week high of $76.33 with a P/E ratio of 11.63 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 11 equity analysts have reported on the stock. The consensus price target is $77.64 with eight equity analysts rating the company a strong buy, one firm rating the stock a buy, 5 brokers rating the stock a hold, zero equity analysts rating the company a underperform, and lastly zero analysts rating the company a sell.
More 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 full 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; 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. It provides purchase option for a selection of used trucks, tractors and trailers through its used vehicle sales program. It offers services to various industries, including automotive, consumer packaged goods, transportation and warehousing, retail, consumer brands, housing, and paper and publishing.
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