Deutsche Bank Thinks Ryder System’s Stock is Going to Recover
Deutsche Bank analyst Amit Mehrotra maintained a Buy rating on Ryder System (R) today and set a price target of $77. The company’s shares closed on Friday at $56.57, close to its 52-week low of $51.26.
According to TipRanks.com, Mehrotra has 0 stars on 0-5 star ranking scale with an average return of -6.6% and a 37.6% success rate. Mehrotra covers the Services sector, focusing on stocks such as Expeditors International, Kansas City Southern, and Old Dominion Freight.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ryder System with a $73 average price target, implying a 29.0% upside from current levels. In a report issued on November 29, Stifel Nicolaus also upgraded the stock to Buy with a $69 price target.
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The company has a one-year high of $90.26 and a one-year low of $51.26. Currently, Ryder System has an average volume of 652.9K.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of R in relation to earlier this year.
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Ryder System, Inc. engages in the business of transportation and supply chain management solutions. It operates through the following segments It operates its business through three segments: Fleet Management Solutions, Dedicated Transportation Solutions, and Supply Chain Solutions.