Zacks Investment Research upgraded Ryder System, Inc. (NYSE:R) to Hold in a report released today.
- Updated: September 23, 2016
Zacks Investment Research has upgraded Ryder System, Inc. (NYSE:R) to Hold in a report released on 9/23/2016.
Yesterday Ryder System, Inc. (NYSE:R) traded -1.21% lower at $63.82. The company’s 50-day moving average is $65.43 and its 200-day moving average is $65.56. The last stock close price is down -2.71% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 425,934 shares of the stock were exchanged, down from an average trading volume of 707,855
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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 11.51 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 11 firms have issued a report 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 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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