Citigroup Cuts Ryder System (NYSE:R) Price Target to $239.00

Ryder System (NYSE:R) had its target price lowered by stock analysts at Citigroup from $245.00 to $239.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Citigroup’s target price would indicate a potential upside of 8.01% from the company’s current price.

R has been the topic of several other research reports. Susquehanna boosted their target price on shares of Ryder System from $235.00 to $250.00 and gave the stock a “positive” rating in a research report on Friday, February 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research report on Thursday, January 22nd. Wolfe Research reissued a “peer perform” rating on shares of Ryder System in a research report on Thursday, January 8th. Finally, Wells Fargo & Company boosted their target price on shares of Ryder System from $210.00 to $236.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.78.

Ryder System Stock Performance

NYSE:R traded up $1.01 during trading hours on Thursday, hitting $221.28. 59,360 shares of the company were exchanged, compared to its average volume of 362,565. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 18.47 and a beta of 0.93. Ryder System has a 52-week low of $130.16 and a 52-week high of $230.38. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.89 and a quick ratio of 0.89. The company’s 50 day moving average price is $207.18 and its 200-day moving average price is $191.31.

Ryder System (NYSE:R) last released its earnings results on Wednesday, February 11th. The transportation company reported $3.59 earnings per share for the quarter, missing the consensus estimate of $3.66 by ($0.07). The company had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $3.21 billion. Ryder System had a return on equity of 17.70% and a net margin of 3.95%.The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.45 EPS. Ryder System has set its FY 2026 guidance at 13.450-14.450 EPS and its Q1 2026 guidance at 2.100-2.350 EPS. As a group, research analysts forecast that Ryder System will post 13.68 earnings per share for the current year.

Insider Buying and Selling

In other Ryder System news, COO John J. Diez sold 9,632 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $222.20, for a total value of $2,140,230.40. Following the sale, the chief operating officer directly owned 183,810 shares of the company’s stock, valued at approximately $40,842,582. This represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Sanford J. Hodes sold 10,527 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $210.16, for a total transaction of $2,212,354.32. Following the completion of the sale, the senior vice president directly owned 23,954 shares in the company, valued at approximately $5,034,172.64. The trade was a 30.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 130,673 shares of company stock valued at $28,233,471 in the last 90 days. 4.90% of the stock is currently owned by insiders.

Institutional Trading of Ryder System

A number of hedge funds have recently added to or reduced their stakes in the company. Forty three Eighteen Advisors LLC purchased a new stake in Ryder System during the fourth quarter worth $2,282,000. Rockefeller Capital Management L.P. boosted its holdings in Ryder System by 17.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,072 shares of the transportation company’s stock worth $1,354,000 after buying an additional 1,048 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Ryder System by 0.8% during the fourth quarter. Corient Private Wealth LLC now owns 7,337 shares of the transportation company’s stock worth $1,404,000 after buying an additional 58 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Ryder System during the fourth quarter worth $93,000. Finally, Virtu Financial LLC purchased a new stake in Ryder System during the fourth quarter worth $1,622,000. 87.47% of the stock is owned by hedge funds and other institutional investors.

Ryder System Company Profile

Ryder System, Inc is a leading provider of transportation and supply chain management solutions, serving commercial customers across a range of industries. The company’s Fleet Management Solutions segment offers full-service leasing and rental of medium- and heavy-duty trucks, tractors and trailers, along with maintenance and repair services at its network of service locations. Its Supply Chain Solutions segment provides integrated, technology-driven offerings that span managed transportation, dedicated contract carriage, warehousing and distribution, and e-commerce fulfillment.

Founded in 1933 and headquartered in Miami, Florida, Ryder has grown from a regional truck leasing operation into a diversified, global logistics provider.