RYDER SYSTEM Shares Reach Near Yearly High, Showing Market Momentum
December 19, 2023
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Ryder System ($NYSE:R), Inc., is a leader in transportation and logistics solutions. Recently, Ryder System shares have hit a near yearly high, showing positive market momentum. As the stock price has surged, investors have taken notice and increased their purchases of the company’s shares. With its current market capitalization of over 4 billion, Ryder System is in a strong financial position to continue providing customers with reliable transportation and logistics solutions. Furthermore, Ryder System’s focus on customer satisfaction and their commitment to provide innovative solutions has been rewarded by the market.
With this strong trend in market sentiment, the company has become an attractive investment for many investors, pushing the stock price higher. The recent surge in Ryder System’s share price is an encouraging sign for the company and its investors alike. As market conditions continue to improve, investors can expect further growth from Ryder System as they continue to provide their customers with reliable solutions. With the stock showing positive momentum, it is clear that the market views the company favorably and expects it to continue to perform well in the years ahead.
Price History
At the end of the day, the stock opened at $106.9 and closed at $108.2, an increase of 1.3% from the prior closing price of 106.8. The positive performance of RYDER SYSTEM stock indicates a strong investor sentiment and indicates that the company is on the right track. This surge in stock prices is a reflection of the company’s growth prospects and future potential. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ryder System. More…
| Total Revenues | Net Income | Net Margin |
| 11.85k | 488 | 3.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ryder System. More…
| Operations | Investing | Financing |
| 2.37k | -2.31k | -387 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ryder System. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.33k | 12.23k | 68.03 |
Key Ratios Snapshot
Some of the financial key ratios for Ryder System are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.8% | 76.7% | 8.7% |
| FCF Margin | ROE | ROA |
| -6.8% | 20.7% | 4.2% |
Analysis
GoodWhale has conducted an analysis of RYDER SYSTEM‘s fundamentals and based on our Star Chart, we have classified them as ‘rhino’ which denotes a company that has achieved moderate revenue or earnings growth. We believe this type of company may be of interest to investors looking for a stable investment with a reasonable degree of potential for growth. RYDER SYSTEM has an intermediate health score of 5/10 with regard to its cashflows and debt, indicating that it might be able to sustain future operations in times of crisis. With respect to other fundamental factors, RYDER SYSTEM is strong in dividend, medium in growth, profitability and weak in asset. More…
Peers
The transportation and logistics industry is highly competitive, with Ryder System, Inc. competing against PT Adi Sarana Armada Tbk, PT Batavia Prosperindo Trans Tbk, and Elanders AB, among others. In order to stay competitive, Ryder System, Inc. must offer superior services and logistics solutions to its customers.
– PT Adi Sarana Armada Tbk ($IDX:ASSA)
Adi Sarana Armada Tbk is an Indonesian holding company that focuses on the automotive sector. The company is the largest automotive distributor and retailer in Indonesia with a market share of approximately 40%. The company also has a strong presence in the financing, automotive parts, and used car businesses. Adi Sarana Armada has a network of approximately 1,000 dealerships and service centers across Indonesia.
The company has a market capitalization of 3.87 trillion as of 2022 and a return on equity of 18.54%. The company has a strong financial position and is well-positioned to continue its growth in the Indonesian automotive market.
– PT Batavia Prosperindo Trans Tbk ($IDX:BPTR)
Batavia Prosperindo Trans Tbk is a market leader in Indonesia’s transportation sector. The company has a strong market share in the trucking, shipping, and logistics industries. Batavia Prosperindo Trans Tbk is a well-respected and trusted transportation company with a strong reputation for safety and reliability. The company has a market cap of 322.4 billion as of 2022.
– Elanders AB ($LTS:0JBY)
Elanders AB is a publicly traded company with a market capitalization of 5.09 billion as of January 2022. The company has a return on equity of 13.87%. Elanders is a global provider of supply chain management and logistics solutions. The company operates in Europe, North America, Asia, and Australia.
Summary
RYDER SYSTEM, INC. Investors are encouraged by RYDER’s strong performance over the last year, as the company saw increased revenue growth in both its US and International segments. RYDER’s strong financial position and cost-control measures have allowed it to maintain profitability despite the current economic environment.
This, combined with rewarding customer loyalty and expanding its domestic and international market share, has created a favorable long-term outlook for RYDER’s stock. Analysts suggest that RYDER’s strong fundamentals should continue to propel its share prices in the future, making it a strong investment choice for those looking for growth potential.
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