Ryder System (R) Gets a Hold Rating from J.P. Morgan

J.P. Morgan analyst Brian Ossenbeck maintained a Hold rating on Ryder System (RResearch Report) yesterday and set a price target of $78.00. The company’s shares closed last Thursday at $77.40.

According to, Ossenbeck is a 4-star analyst with an average return of 10.3% and a 47.5% success rate. Ossenbeck covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Knight Transportation, and Werner Enterprises.

Ryder System has an analyst consensus of Hold, with a price target consensus of $84.00, representing an 8.3% upside. In a report issued on July 27, Robert W. Baird also maintained a Hold rating on the stock with a $85.00 price target.

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Ryder System’s market cap is currently $3.96B and has a P/E ratio of 5.55.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of R in relation to earlier this year.

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Ryder System, Inc. engages in the provision of transportation and supply chain management solutions. It operates through the following segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), Dedicated Transportation Solutions (DTS), and Central Support Services (CSS). The FMS segment offers full service leasing and leasing with flexible maintenance options, commercial rental, and contract or transactional maintenance services of trucks, tractors, and trailers. The SCS segment focuses on the provision of integrated logistics solutions, including distribution, management, dedicated transportation, and professional services. The DTS segment includes turnkey transportation solutions. The company was founded by James A. Ryder in 1933 and is headquartered in Miami, FL.

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