CLSA Initiates Coverage on Ryder System to Buy

CLSA Initiates Coverage on Ryder System(NYSE:R). The shares have been rated Buy. The rating by CLSA was issued on Sep 30, 2016.

Ryder System (R) shares turned negative on Tuesdays trading session with the shares closing down -0.65 points or -0.98% at a volume of 8,81,486. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $67.27. The peak price level was also seen at $67.27 while the days lowest was $65.41. Finally the shares closed at $65.58. The 52-week high of the shares is $76.325 while the 52-week low is $45.12. According to the latest information available, the market cap of the company is $3,507 M.

Ryder System(R) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.70B. Analysts had an estimated revenue of $1.70B. Earnings per share were $1.56. Analysts had estimated an EPS of $1.54.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, Robert E Sanchez (Chair and CEO) sold 37,550 shares at $68.05 per share price.Also, On May 13, 2016, Karen M. Jones (EVP & Chief Marketing Officer) sold 9,413 shares at $70.10 per share price.On Feb 22, 2016, Art A Garcia (EVP & Chief Financial Officer) sold 2,000 shares at $56.38 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s SCS business as well as its FMS business provides customers with capacity management services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Ryder System - Is it time to Sell?

Top Brokerage Firms are advising their investors on Ryder System. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.