Ryder System (NYSE:R) Coverage Initiated at Wells Fargo & Company

Investment analysts at Wells Fargo & Company assumed coverage on shares of Ryder System (NYSE:R) in a research report issued to clients and investors on Friday. The firm set an “overweight” rating and a $210.00 price target on the transportation company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 16.66% from the company’s previous close.

R has been the topic of several other research reports. Barclays boosted their target price on shares of Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research note on Wednesday, October 8th. Citigroup assumed coverage on Ryder System in a research note on Monday, September 22nd. They issued a “buy” rating and a $217.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on Ryder System from $194.00 to $197.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, Wall Street Zen raised shares of Ryder System from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $197.30.

Ryder System Stock Performance

R opened at $180.02 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.35. Ryder System has a 12-month low of $125.54 and a 12-month high of $195.48. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 15.20 and a beta of 0.97. The company’s 50 day moving average is $175.52 and its 200 day moving average is $172.38.

Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, October 23rd. The transportation company reported $3.57 EPS for the quarter, topping the consensus estimate of $3.56 by $0.01. Ryder System had a return on equity of 17.69% and a net margin of 3.96%.The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same period in the prior year, the business posted $3.44 EPS. Ryder System’s revenue was up .1% on a year-over-year basis. 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. On average, equities research analysts predict that Ryder System will post 13.68 EPS for the current year.

Hedge Funds Weigh In On Ryder System

Hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. increased its stake in Ryder System by 770.0% in the second quarter. Hantz Financial Services Inc. now owns 174 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares during the period. Root Financial Partners LLC bought a new position in shares of Ryder System in the third quarter worth about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Ryder System by 237.0% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182 shares of the transportation company’s stock worth $29,000 after buying an additional 128 shares during the period. MAI Capital Management lifted its holdings in Ryder System by 57.6% during the 2nd quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock valued at $30,000 after buying an additional 68 shares in the last quarter. Finally, Assetmark Inc. boosted its position in Ryder System by 421.9% in the 3rd 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 period. Institutional investors own 87.47% of the company’s stock.

About Ryder System

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.