Ryder System, Inc. (NYSE:R) is set to announce its earnings results before the market opens on Tuesday, February 2nd. Analysts expect the company to announce earnings of $1.74 per share for the quarter.

R has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Ryder System from a “sell” rating to a “hold” rating in a research report on Tuesday, December 15th. RBC Capital cut shares of Ryder System from a “top pick” rating to a “sector perform” rating and decreased their target price for the stock from $89.00 to $58.00 in a research report on Thursday, January 7th. S&P Equity Research restated a “buy” rating and issued a $95.00 target price on shares of Ryder System in a research report on Wednesday, October 14th. Wolfe Research decreased their target price on shares of Ryder System from $95.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, October 14th. Finally, Stifel Nicolaus decreased their target price on shares of Ryder System from $103.00 to $94.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $90.25.

Ryder System, Inc. (NYSE:R) traded up 4.46% during mid-day trading on Friday, reaching $53.17. 829,697 shares of the company’s stock traded hands. Ryder System, Inc. has a 52-week low of $45.12 and a 52-week high of $100.64. The company has a 50-day moving average of $53.49 and a 200-day moving average of $71.63. The company has a market capitalization of $2.84 billion and a price-to-earnings ratio of 11.82.

An institutional investor recently raised its position in Ryder System stock. Russell Frank Co raised its stake in shares of Ryder System, Inc. (NYSE:R) by 84.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 135,646 shares of the company’s stock after buying an additional 62,237 shares during the period. Russell Frank Co owned approximately 0.25% of Ryder System worth $7,680,000 as of its most recent SEC filing.

Ryder System, Inc. (NYSE:R) 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 Company’s SCS business, as well as its FMS business provides customers with capacity management services.

12 Month Chart for NYSE:R

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