Wells Fargo & Company Forecasts Strong Price Appreciation for Ryder System (NYSE:R) Stock

Ryder System (NYSE:R) had its price objective upped by stock analysts at Wells Fargo & Company from $260.00 to $290.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 8.59% from the stock’s current price.

Several other research analysts have also recently commented on R. Zacks Research upgraded shares of Ryder System from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. lifted their price objective on shares of Ryder System from $203.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Citigroup boosted their target price on shares of Ryder System from $239.00 to $276.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Susquehanna increased their target price on Ryder System from $235.00 to $250.00 and gave the company a “positive” rating in a report on Friday, February 13th. Finally, Wall Street Zen upgraded Ryder System from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $240.89.

Ryder System Price Performance

R stock opened at $267.06 on Friday. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market capitalization of $10.33 billion, a P/E ratio of 22.20 and a beta of 1.01. The business’s 50-day moving average is $230.94 and its two-hundred day moving average is $207.91. Ryder System has a 1 year low of $146.74 and a 1 year high of $266.71.

Ryder System (NYSE:R) last announced its quarterly earnings data on Thursday, April 23rd. The transportation company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.25. Ryder System had a return on equity of 17.75% and a net margin of 3.91%.The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the company posted $2.46 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. Ryder System has set its FY 2026 guidance at 14.050-14.80 EPS and its Q2 2026 guidance at 3.500-3.75 EPS. Analysts anticipate that Ryder System will post 14.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Sanford J. Hodes sold 595 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $251.95, for a total value of $149,910.25. Following the transaction, the senior vice president directly owned 22,948 shares of the company’s stock, valued at $5,781,748.60. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Luis P. Nieto, Jr. sold 720 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $235.79, for a total transaction of $169,768.80. Following the completion of the sale, the director directly owned 29,974 shares of the company’s stock, valued at approximately $7,067,569.46. This trade represents a 2.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.90% of the company’s stock.

Institutional Trading of Ryder System

Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp boosted its position in shares of Ryder System by 0.4% in the 2nd quarter. State Street Corp now owns 1,995,292 shares of the transportation company’s stock valued at $317,251,000 after purchasing an additional 7,447 shares during the period. Dimensional Fund Advisors LP lifted its stake in Ryder System by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,621,947 shares of the transportation company’s stock valued at $331,996,000 after buying an additional 6,652 shares during the last quarter. First Trust Advisors LP lifted its stake in Ryder System by 81.5% in the first quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company’s stock valued at $206,822,000 after buying an additional 453,697 shares during the last quarter. Orbis Allan Gray Ltd boosted its holdings in shares of Ryder System by 15.4% in the second quarter. Orbis Allan Gray Ltd now owns 1,005,382 shares of the transportation company’s stock valued at $159,856,000 after acquiring an additional 134,423 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Ryder System by 6.7% in the second quarter. Bank of America Corp DE now owns 988,117 shares of the transportation company’s stock valued at $157,111,000 after acquiring an additional 62,313 shares during the period. 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.