Back to top

Bear of the Day

We have downgraded our recommendation on Ryder System, Inc. (R) to Underperform from Neutral. Despite the company's strong performance in the first quarter, the company slashed its near-term earnings and revenue estimates.

The company foresees lower demand trend in some of its product lines and also expects compensation expenses to increase, given higher medical benefit costs. Amid ongoing economic uncertainties, the company has continued to invest in its fleet management solutions, which is also weighing on its liquidity position and increasing debt obligations.

Moreover, stiff competition from peers could interrupt the near-term growth trajectory of the company. Hence, we have an Underperform recommendation on the stock with a target price of $31, based on 8.3x our earnings estimate for 2012.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
SIGNET JEWE… SIG 116.37 +7.72%
CHYRONHEGO… CHYR 2.72 +5.84%
US SILICA H… SLCA 70.72 +4.00%
MALLINCKROD… MNK 80.11 +2.32%
RF MICRO DE… RFMD 11.76 +2.31%