Ryder System (NYSE:R – Get Free Report) had its price objective increased by equities researchers at Citigroup from $218.00 to $245.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Citigroup’s target price points to a potential upside of 15.15% from the company’s previous close.
R has been the subject of a number of other reports. Susquehanna upped their price objective on shares of Ryder System from $235.00 to $250.00 and gave the stock a “positive” rating in a research report on Friday. Wolfe Research reissued a “peer perform” rating on shares of Ryder System in a research report on Thursday, January 8th. Wells Fargo & Company lifted their price target on Ryder System from $210.00 to $236.00 and gave the company an “overweight” rating in a research report on Thursday. Morgan Stanley upped their price target on Ryder System from $190.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a research note on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $215.44.
Check Out Our Latest Stock Report on R
Ryder System Trading Up 2.3%
Ryder System (NYSE:R – Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The transportation company reported $3.59 EPS for the quarter, missing analysts’ consensus estimates of $3.66 by ($0.07). Ryder System had a net margin of 3.95% and a return on equity of 17.70%. The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $3.21 billion. During the same period in the prior year, the company posted $3.45 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. 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. Analysts forecast that Ryder System will post 13.68 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in R. Norges Bank purchased a new stake in Ryder System in the second quarter valued at $103,814,000. JPMorgan Chase & Co. boosted its position in shares of Ryder System by 326.8% in the 4th quarter. JPMorgan Chase & Co. now owns 705,037 shares of the transportation company’s stock valued at $134,937,000 after purchasing an additional 539,854 shares during the period. AQR Capital Management LLC increased its stake in Ryder System by 53.3% in the third quarter. AQR Capital Management LLC now owns 720,108 shares of the transportation company’s stock valued at $134,855,000 after purchasing an additional 250,432 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Ryder System by 369.4% during the third quarter. BNP Paribas Financial Markets now owns 196,968 shares of the transportation company’s stock worth $37,156,000 after purchasing an additional 155,007 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Ryder System by 21.8% during the 2nd quarter. First Trust Advisors LP now owns 793,527 shares of the transportation company’s stock worth $126,171,000 after buying an additional 141,872 shares in the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.
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.
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