Ryder System (NYSE:R) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ryder System (NYSE:R) from a buy rating to a strong-buy rating in a research report released on Monday morning,Wall Street Zen reports.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company boosted their target price on Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. JPMorgan Chase & Co. upgraded Ryder System from a “neutral” rating to an “overweight” rating and increased their price target for the company from $296.00 to $298.00 in a research report on Monday, October 5th. Stephens upgraded Ryder System to a “strong-buy” rating in a research report on Wednesday, July 8th. Zacks Research cut Ryder System from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Morgan Stanley upgraded Ryder System from an “overweight” rating to a “buy” rating in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Ryder System currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.12.

Ryder System Stock Down 0.8%

R stock opened at $237.41 on Monday. Ryder System has a 12 month low of $157.67 and a 12 month high of $284.25. The firm has a market cap of $9.10 billion, a PE ratio of 19.32 and a beta of 1.05. The firm has a 50 day simple moving average of $244.58 and a 200 day simple moving average of $247.41. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.65 and a quick ratio of 0.65.

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

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Monday, November 23rd will be issued a $1.01 dividend. The ex-dividend date is Monday, November 23rd. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.7%. Ryder System’s dividend payout ratio is presently 32.87%.

Institutional Trading of Ryder System

Hedge funds and other institutional investors have recently modified their holdings of the business. Keating Financial Advisory Services Inc. purchased a new stake in Ryder System in the 2nd quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Ryder System during the 2nd quarter worth about $30,000. Cedar Mountain Advisors LLC grew its stake in Ryder System by 522.7% during the 1st quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 115 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Ryder System by 36.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 43 shares in the last quarter. Finally, Compass Financial Management LLC purchased a new position in Ryder System during the 2nd quarter valued at about $54,000. Institutional investors and hedge funds 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.