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

Ryder System (NYSE:R) had its price target cut by equities research analysts at Citigroup from $245.00 to $239.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Citigroup’s price objective suggests a potential upside of 8.01% from the stock’s previous close.

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

Ryder System Stock Performance

NYSE R traded up $1.01 during mid-day trading on Thursday, reaching $221.28. 59,360 shares of the stock were exchanged, compared to its average volume of 362,565. The business’s 50 day moving average is $207.18 and its 200-day moving average is $191.31. Ryder System has a 1 year low of $130.16 and a 1 year high of $230.38. The company has a market capitalization of $8.72 billion, a P/E ratio of 18.47 and a beta of 0.93. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.89 and a current ratio of 0.89.

Ryder System (NYSE:R) last posted its quarterly earnings data on Wednesday, February 11th. The transportation company reported $3.59 earnings per share (EPS) 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 net margin of 3.95% and a return on equity of 17.70%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the business earned $3.45 earnings per share. 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. On average, equities research analysts forecast that Ryder System will post 13.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Thomas M. Havens sold 12,571 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $221.65, for a total value of $2,786,362.15. Following the completion of the sale, the insider directly owned 33,074 shares in the company, valued at $7,330,852.10. This represents a 27.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Rajeev Ravindran sold 2,696 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $221.61, for a total transaction of $597,460.56. Following the completion of the sale, the executive vice president owned 18,136 shares of the company’s stock, valued at $4,019,118.96. This trade represents a 12.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 130,673 shares of company stock valued at $28,233,471. Corporate insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On Ryder System

A number of hedge funds have recently modified their holdings of R. Root Financial Partners LLC acquired a new stake in shares of Ryder System in the third quarter valued at about $28,000. Los Angeles Capital Management LLC acquired a new stake in shares of Ryder System in the fourth quarter valued at about $31,000. Assetmark Inc. raised its position in shares of Ryder System by 421.9% in the third quarter. Assetmark Inc. now owns 167 shares of the transportation company’s stock valued at $32,000 after buying an additional 135 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Ryder System in the fourth quarter valued at about $34,000. Finally, Optima Capital LLC acquired a new stake in shares of Ryder System in the fourth quarter valued at about $39,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

About Ryder System

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.