Bearish Head & Shoulders Chart Pattern Is Formed By Ryder System, Inc. (R) at $68.81

May 16, 2018 - By Joseph Norton

Ryder System, Inc. (NYSE:R) Corporate Logo

During 2017 Q4 the big money sentiment increased to 1.19. That’s change of 0.17, from 2017Q3’s 1.02. 31 investors sold all, 82 reduced holdings as Ryder System, Inc. ratio increased. 85 rose holdings while 50 funds acquired holdings. Funds hold 47.61 million shares thus 2.43% more from 2017Q3’s 46.48 million shares.
Los Angeles Capital Mgmt And Equity owns 0% invested in Ryder System, Inc. (NYSE:R) for 2,555 shs. Whittier Com holds 1,037 shs. Amalgamated Fincl Bank owns 0.02% invested in Ryder System, Inc. (NYSE:R) for 10,628 shs. Adirondack Trust, New York-based fund reported 300 shs. Georgia-based Voya Ltd Com has invested 0% in Ryder System, Inc. (NYSE:R). Dreman Value Mgmt L L C reported 607 shs or 0.03% of all its holdings. Janney Mgmt Limited Co has invested 0.01% of its capital in Ryder System, Inc. (NYSE:R). Gru One Trading Limited Partnership accumulated 7,929 shs. Moreover, Laffer Invs has 0.37% invested in Ryder System, Inc. (NYSE:R). Royal Bancorporation Of Canada has invested 0.01% of its capital in Ryder System, Inc. (NYSE:R). First Advisors Limited Partnership holds 0.06% in Ryder System, Inc. (NYSE:R) or 303,367 shs. Bank Of Ny Mellon Corporation accumulated 743,705 shs. Secor Cap Advisors Ltd Partnership stated it has 0.11% of its capital in Ryder System, Inc. (NYSE:R). Dekabank Deutsche Girozentrale holds 0% or 5,200 shs in its capital. Hbk L P owns 7,475 shs.

Ryder System, Inc. registered $338,745 net activity with 0 insider purchases and 3 selling transactions since May 4, 2018. On Friday, May 4 SMITH E FOLLIN had sold 988 shs worth $67,589. Another trade for 1,990 shs valued at $135,179 was made by Nieto Luis P Jr on Wednesday, May 9.

With $66.75 [Target] Ryder System, Inc. (R) formed a Head and Shoulderstechnical setup. That’s 3.00 % below today’s $68.81 share price. $3.65 billion MC has the stock. Faxor.com announced the Head and Shoulders technical setup on May, 16. At $66.75 Target, the company’s valuation could be $109.59 million less.

R is touching $68.81 during the last trading session, after increased 0.70%.Currently Ryder System, Inc. is downtrending after 3.54% change in last May 16, 2017. R has 164,945 shares volume. The stock underperformed the S&P500 by 15.09%.

On July, 25 is anticipated Ryder System, Inc. (NYSE:R)’s earnings report, Faxor reports. Analysts expect change of 27.00 % or $0.27 from previous year’s $1 EPS compared to current’s $1.27 EPS. If $1.27 is reported, R’s profit will reach $67.42M for 13.55 P/E. Wall Street forecasts 39.56 % EPS growth as of July, 25.

Ryder System, Inc. (NYSE:R) Ratings Coverage

In total 8 analysts cover Ryder System (NYSE:R). “Buy” rating has 3, “Sell” are 1, while 4 are “Hold”. 38% are bullish. With $95.0 highest and $6500 lowest PT Ryder System has $78.86 average PT or 14.61% above the current ($68.81) price. 12 are the (NYSE:R)’s analyst reports since January 18, 2018 according to StockzIntelligence Inc. In Tuesday, April 24 report Robert W. Baird maintained the stock with “Buy” rating. On Tuesday, February 20 the firm earned “Overweight” rating by KeyBanc Capital Markets. On Tuesday, February 20 the rating was maintained by Buckingham Research with “Buy”. On Tuesday, April 24 the stock of Ryder System, Inc. (NYSE:R) has “Hold” rating given by Stifel Nicolaus. On Thursday, February 22 the stock of Ryder System, Inc. (NYSE:R) has “Hold” rating given by Stifel Nicolaus. On Tuesday, April 10 the stock of Ryder System, Inc. (NYSE:R) earned “Buy” rating by Robert W. Baird. On Tuesday, April 10 the company was initiated by Goldman Sachs. On Thursday, January 18 Stifel Nicolaus maintained the shares of R in report with “Hold” rating. On Thursday, February 22 the stock has “Hold” rating by Seaport Global. In Tuesday, February 20 report JP Morgan maintained the stock with “Neutral” rating.

A couple more Ryder System, Inc. (NYSE:R) news were posted by: Seekingalpha.com which released on April 24, 2018 “Ryder System’s (R) CEO Robert Sanchez on Q1 2018 Results – Earnings Call Transcript”, also Seekingalpha.com on April 30, 2018 posted “Ryder System – Good Dividend, Bad Industry”, the next Seekingalpha.com is “Ryder scraps back after ‘brutal’ tape” on April 25, 2018. Businesswire.com has article titled “CORRECTING and REPLACING Ryder Chairman & CEO to Address Wolfe Research Global Transportation Conference”.

Ryder System, Inc. (NYSE:R) Institutional Investors Chart

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