Ryder System (NYSE:R) Upgraded at Citigroup

Citigroup upgraded shares of Ryder System (NYSE:R) from a neutral rating to a buy rating in a research note released on Thursday morning, Marketbeat.com reports. They currently have $285.00 target price on the transportation company’s stock, up from their previous target price of $283.00.

A number of other equities research analysts have also weighed in on the company. Stephens upgraded Ryder System to a “strong-buy” rating in a research report on Wednesday, July 8th. Robert W. Baird reaffirmed a “neutral” rating and set a $245.00 target price (down from $290.00) on shares of Ryder System in a research note on Tuesday, September 29th. Wall Street Zen lowered shares of Ryder System from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 4th. Janney Montgomery Scott set a $285.00 price target on Ryder System in a research note on Thursday. Finally, Susquehanna reduced their price objective on Ryder System from $310.00 to $280.00 and set a “positive” rating for the company in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Ryder System currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.12.

Ryder System Price Performance

Shares of Ryder System stock opened at $238.42 on Thursday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $9.14 billion, a price-to-earnings ratio of 19.40 and a beta of 1.05. The company has a fifty day moving average of $246.24 and a 200-day moving average of $246.32. Ryder System has a 52-week low of $157.67 and a 52-week high of $284.25.

Ryder System (NYSE:R) last announced its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.04. Ryder System had a return on equity of 18.28% and a net margin of 3.88%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the firm earned $3.32 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. 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. Equities research analysts expect that Ryder System will post 14.74 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB increased its stake in Ryder System by 36.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 43 shares in the last quarter. Versant Capital Management Inc boosted its position in Ryder System by 19.2% during the third quarter. Versant Capital Management Inc now owns 317 shares of the transportation company’s stock worth $72,000 after purchasing an additional 51 shares in the last quarter. Quantum Portfolio Management LLC boosted its position in Ryder System by 2.1% during the first quarter. Quantum Portfolio Management LLC now owns 2,564 shares of the transportation company’s stock worth $525,000 after purchasing an additional 52 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Ryder System by 0.8% in the fourth quarter. Corient Private Wealth LLC now owns 7,337 shares of the transportation company’s stock valued at $1,404,000 after purchasing an additional 58 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in Ryder System by 0.7% in the second quarter. Baird Financial Group Inc. now owns 9,441 shares of the transportation company’s stock valued at $2,490,000 after purchasing an additional 61 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

About Ryder System

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain, and dedicated transportation solutions. Its services include commercial vehicle leasing and rental, fleet maintenance, transportation management, warehousing, distribution, and delivery services.

The company serves businesses across industries through operations in the United States, Canada, and Mexico. Ryder also supports e-commerce and retail customers with last-mile delivery, fulfillment, and related logistics services, and sells used commercial vehicles through its network of vehicle sales centers and online channels.

Founded in 1933 by James Ryder, the company is headquartered in Miami, Florida.