NEW YORK (

TheStreet

) --

Ryder System

(NYSE:

R

) hit a new 52-week high Wednesday as it is currently trading at $59.62, above its previous 52-week high of $59.59 with 172,999 shares traded as of 9:52 a.m. ET. Average volume has been 578,200 shares over the past 30 days.

Ryder System has a market cap of $3 billion and is part of the

services

sector and

diversified services

industry. Shares are up 9.5% year to date as of the close of trading on Tuesday.

Ryder System, Inc. provides transportation and supply chain management solutions. It operates in three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Contract Carriage (DCC). The company has a P/E ratio of 22.3, below the average diversified services industry P/E ratio of 23.4 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Ryder System as a

buy

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

Ryder System Ratings Report

.

See all

52-week high stocks

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