Ryder System with ticker code (R) have now 7 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 110 and 88 and has a mean target at 97.14. Given that the stocks previous close was at 78.05 this would indicate that there is a potential upside of 24.5%. The 50 day MA is 77.45 and the 200 moving average now moves to 79.57. The company has a market capitalisation of $4,233m. You can visit the company’s website by visiting: https://www.ryder.com
The potential market cap would be $5,268m based on the market concensus.
Ryder System operates as a logistics and transportation company worldwide. The company operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full service leasing and leasing with flexible maintenance options, as well as maintenance services, supplies, and related equipment for operation of the vehicles; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers, as well as fleet support services. This segment also provides access to diesel fuel; offers fuel planning and tax reporting, cards, and monitoring services, and centralized billing; and sells used vehicles through its 59 retail sales centers and Usedtrucks.Ryder.com website. The DTS segment offers equipment, maintenance, drivers, administrative, and additional services, as well as routing and scheduling, fleet sizing, safety, regulatory compliance, risk management, technology and communication systems support, and other technical support services. The SCS segment comprises distribution management services, such as designing and managing customer’s distribution network and facilities; providing e-commerce services; coordinating warehousing and transportation for inbound and outbound material flows; handling import and export for international shipments; coordinating just-in-time replenishment of component parts to manufacturing and final assembly; and offering shipments to customer distribution centers or end customer delivery points, as well as other value added services, such as light assembly of components. This segment also offers transportation management services, such as shipment optimization, load scheduling, and delivery confirmation services through technological and web-based solutions; and knowledge-based professional services. Ryder System was founded in 1933 and is headquartered in Miami, Florida.
