Ryder System (NYSE:R) New Coverage by Seaport Global Securities
In a report released today, Seaport Global Securities analysts started Ryder System (NYSE:R) coverage with “Neutral” rating.
After the initiation NYSE:R is currently trading -0.42% lower at $76.31 as of 2:03 AM New York time. Ryder System’s stock is 0% over the past 200 days. It has underperformed the S&P 500 Index, which has risen 12.80% over the same time.
Out of 11 brokers covering Ryder System, 9 rate it a Buy, 5 indicate a Hold while 0 suggest a Sell. The highest target is $99 and the lowest is $70 according to Thomson/First Call. The 12-month mean target is $77.64, which means upside potential of 1.74% over the current price.
Community Bank Of Raymore had the biggest stake with ownership of 105,465 shares as of q2 2015 for 3.26% of the US equity exposure. Luminus Management Llc is another quite bullish institutional investor who is having 1.85M shares of Ryder System or 3.11% of their US equity exposure. Also, Palouse Capital Management Inc. have 2.47% of their US equity exposure invested in the company for 88,045 shares. The Michigan-based fund Deroy & Devereaux Private Investment Counsel Inc revealed it had acquired a stake worth about 1.61% of the institutional investor’s stock portfolio in Ryder System. The California-based fund Pacific Heights Asset Management Llc is also positive about the stock, possessing 193,962 shares or 1.24% of their US equity exposure.
Ryder System (NYSE:R) Profile
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.
Ryder System (NYSE:R) traded down -0.42% on 21 April, hitting $76.31. A total of 87,896 shares of the company’s stock traded hands. This is down from average of 493,885 shares. Ryder System has a 52 week low of $56.98 and a 52 week high of $85.42. The company has a market cap of $4.13 billion and a P/E ratio of 15.43.
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