Ryder System (R) : Zacks Investment Research ranks Ryder System (R) as 4, which is a Sell recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 1.67, which indicates as a Buy.
Ryder System (R) stock is expected to deviate a maximum of $10.77 from the average target price of $78 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $93 and the most muted being $61.
For the current week, the company shares have a recommendation consensus of Buy.
Ryder System (NYSE:R): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.86 and $62.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.59, notching a gain of 1.32% for the day. The total traded volume was 1,047,336 . The stock had closed at $62.76 on the previous day.
Ryder System, Inc. (Ryder) is engaged in offering commercial fleet management and supply chain solutions. Ryder operates in two segments: Fleet Management Solutions (FMS) and Supply Chain Solutions (SCS). The Fleet Management Solutions segment provides 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. The Supply Chain Solutions segment provides supply chain solutions, including distribution and transportation services in North America and Asia. The Supply Chain Solutions segment also provides services, which includes vehicles and drivers as part of a transportation solution in the United States. In addition, the Companys SCS business, as well as its FMS business provides customers with capacity management services.