Ryder System (NYSE:R) Price Target Raised to $300.00

Ryder System (NYSE:R) had its target price boosted by Barclays from $290.00 to $300.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Barclays‘s price objective indicates a potential upside of 15.15% from the stock’s previous close.

A number of other brokerages have also commented on R. JPMorgan Chase & Co. boosted their target price on Ryder System from $259.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Robert W. Baird raised their price objective on Ryder System from $253.00 to $290.00 and gave the company an “outperform” rating in a research note on Wednesday, June 17th. Zacks Research downgraded Ryder System from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a research report on Wednesday, May 27th. Finally, Citizens Jmp started coverage on Ryder System in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $294.14.

Ryder System Stock Down 3.0%

Ryder System stock opened at $260.53 on Wednesday. The company has a market capitalization of $9.99 billion, a PE ratio of 21.20 and a beta of 1.01. Ryder System has a 12-month low of $157.67 and a 12-month high of $284.25. The firm’s fifty day moving average is $263.72 and its 200 day moving average is $230.35. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.91.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.04. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the company posted $3.32 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Ryder System has set its FY 2026 guidance at 14.400-14.800 EPS and its Q3 2026 guidance at 4.000-4.200 EPS. As a group, sell-side analysts predict that Ryder System will post 14.74 EPS for the current fiscal year.

Insider Transactions at Ryder System

In other news, Director Luis P. Nieto, Jr. sold 720 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $235.79, for a total value of $169,768.80. Following the completion of the sale, the director directly owned 29,974 shares of the company’s stock, valued at $7,067,569.46. This represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Sanford J. Hodes sold 595 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 22,948 shares in the company, valued at $5,781,748.60. This represents a 2.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ryder System

A number of institutional investors and hedge funds have recently bought and sold shares of R. Calamos Wealth Management LLC bought a new stake in shares of Ryder System in the 4th quarter worth $1,408,000. Oak Thistle LLC bought a new position in shares of Ryder System during the fourth quarter valued at about $903,000. AE Wealth Management LLC boosted its holdings in Ryder System by 27.2% during the fourth quarter. AE Wealth Management LLC now owns 179,184 shares of the transportation company’s stock worth $34,294,000 after purchasing an additional 38,286 shares during the last quarter. Braun Stacey Associates Inc. purchased a new position in Ryder System during the first quarter worth about $12,189,000. Finally, NewEdge Wealth LLC grew its position in Ryder System by 2.9% in the 4th quarter. NewEdge Wealth LLC now owns 250,334 shares of the transportation company’s stock worth $47,911,000 after purchasing an additional 6,952 shares in the last quarter. 87.47% of the stock is owned by hedge funds and other institutional investors.

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.