Ryder System (R) Receives Price Target

Ryder System (R) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $90 and the lowest price target forecast is $73. The average forecast of all the analysts is $78.4 and the expected standard deviation is $6.73.

Ryder System (R) : The consensus on Ryder System (R) based on 7 analyst recommendation on the company stock is 1.57, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Ryder System (NYSE:R): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.73 and $64.59 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.94, notching a gain of 0.64% for the day. The total traded volume was 583,824 . The stock had closed at $65.52 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.

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