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Ryder System, Inc. (Symbol: R) shares recently surpassed the average analyst 12-month target price of $94.60, trading at $98.62 per share. This price movement invites analysts to either downgrade on valuation or raise the target price based on the company’s performance developments.
Currently, five analysts contribute to the coverage of Ryder System, with targets ranging from a low of $80.00 to a high of $110.00, and a standard deviation of $11.436. As of now, there are no strong buy or buy ratings; 4 analysts maintain a hold rating, indicating mixed sentiments regarding the stock’s valuation.
The average analyst rating for Ryder System stands at 3.0, reflecting a neutral outlook on the stock. The current average price indicates that investors may need to assess whether the price movement signals a potential increase or an overvaluation.
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