Ryder System (R) Receives Analyst Rating

Ryder System (R) has an average broker rating of 1.57, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Ryder System (R) : The highest level Ryder System (R) is projected to reach is $90 for the short term and the lowest estimate is at $73. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $78.6 and the possibility the share price can swing is $6.66.


Ryder System (NYSE:R): After opening at $65.06, the stock dipped to an intraday low of $64.405 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $66.21 and the buying power remained strong till the end. The stock closed at $66.1 for the day, a gain of 1.57% for the day session. The total traded volume was 623,310. The stocks close on the previous trading day was $65.08.

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.

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