Ryder System (NYSE:R) Price Target Raised to $218.00

Ryder System (NYSE:R) had its target price hoisted by Citigroup from $196.00 to $218.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

R has been the subject of several other research reports. Morgan Stanley increased their price target on Ryder System from $190.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. JPMorgan Chase & Co. increased their target price on shares of Ryder System from $194.00 to $197.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Barclays boosted their price target on shares of Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Wells Fargo & Company began coverage on shares of Ryder System in a research report on Friday, December 5th. They set an “overweight” rating and a $210.00 price objective for the company. Finally, Wall Street Zen raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $205.67.

Ryder System Trading Up 0.7%

Shares of NYSE R opened at $191.48 on Friday. The firm has a 50 day moving average price of $176.10 and a two-hundred day moving average price of $175.79. The stock has a market cap of $7.73 billion, a P/E ratio of 16.17 and a beta of 0.97. Ryder System has a 52-week low of $125.54 and a 52-week high of $200.53. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.02 and a current ratio of 1.02.

Ryder System (NYSE:R) last issued its quarterly earnings data on Thursday, October 23rd. The transportation company reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.56 by $0.01. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $3.19 billion. Ryder System had a net margin of 3.96% and a return on equity of 17.69%. Ryder System’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.44 earnings per share. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS and its FY 2025 guidance at 12.850-13.050 EPS. As a group, equities analysts forecast that Ryder System will post 13.68 EPS for the current year.

Ryder System Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Monday, November 17th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, November 17th. Ryder System’s dividend payout ratio (DPR) is presently 30.74%.

Hedge Funds Weigh In On Ryder System

Institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG grew its stake in shares of Ryder System by 4.9% in the 1st quarter. Deutsche Bank AG now owns 4,338 shares of the transportation company’s stock valued at $624,000 after buying an additional 202 shares during the period. HighTower Advisors LLC grew its stake in Ryder System by 8.5% in the first quarter. HighTower Advisors LLC now owns 8,441 shares of the transportation company’s stock valued at $1,214,000 after acquiring an additional 664 shares during the period. Cresset Asset Management LLC grew its stake in Ryder System by 31.2% in the first quarter. Cresset Asset Management LLC now owns 1,960 shares of the transportation company’s stock valued at $282,000 after acquiring an additional 466 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Ryder System by 32.9% during the first quarter. Hsbc Holdings PLC now owns 47,641 shares of the transportation company’s stock valued at $6,764,000 after acquiring an additional 11,791 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Ryder System by 81.2% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,479 shares of the transportation company’s stock worth $350,000 after purchasing an additional 1,111 shares during the period. Institutional investors and hedge funds own 87.47% of the company’s stock.

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.