Ryder System, Inc. (NYSE:R – Get Free Report) declared a quarterly dividend on Friday, February 6th. Stockholders of record on Tuesday, February 17th will be paid a dividend of 0.91 per share by the transportation company on Friday, March 20th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, February 17th.
Ryder System has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 20 years. Ryder System has a payout ratio of 24.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ryder System to earn $16.41 per share next year, which means the company should continue to be able to cover its $3.64 annual dividend with an expected future payout ratio of 22.2%.
Ryder System Stock Up 2.8%
R stock opened at $213.76 on Friday. The company has a current ratio of 0.89, a quick ratio of 1.02 and a debt-to-equity ratio of 2.24. Ryder System has a 1 year low of $125.54 and a 1 year high of $230.38. The company has a fifty day simple moving average of $195.95 and a 200 day simple moving average of $185.01. The firm has a market cap of $8.43 billion, a PE ratio of 17.86 and a beta of 0.96.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on R. Citigroup raised their price objective on Ryder System from $218.00 to $245.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company increased their price target on Ryder System from $210.00 to $236.00 and gave the company an “overweight” rating in a report on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a research note on Thursday, January 22nd. Morgan Stanley upped their price objective on shares of Ryder System from $190.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Ryder System in a report on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Ryder System presently has an average rating of “Moderate Buy” and an average price target of $215.44.
View Our Latest Stock Analysis on R
Ryder System Company Profile
Ryder System, Inc is a leading provider of transportation and supply chain management solutions, serving commercial customers across a range of industries. The company’s Fleet Management Solutions segment offers full-service leasing and rental of medium- and heavy-duty trucks, tractors and trailers, along with maintenance and repair services at its network of service locations. Its Supply Chain Solutions segment provides integrated, technology-driven offerings that span managed transportation, dedicated contract carriage, warehousing and distribution, and e-commerce fulfillment.
Founded in 1933 and headquartered in Miami, Florida, Ryder has grown from a regional truck leasing operation into a diversified, global logistics provider.
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