Ryder System (NYSE:R) Raised to Buy at Citigroup

Key Points

• Citigroup upgraded Ryder System to “buy” from “neutral” and set a $285 price target, implying 22.87% upside from the prior close.
• Analyst sentiment is broadly positive: Ryder has a consensus “Moderate Buy” rating and an average price target of $284.12, with JPMorgan and Stephens also recently raising their ratings.
• Ryder reported quarterly EPS of $3.73, slightly above estimates, while revenue increased 5% year over year to $2.69 billion; the stock opened at $231.95 and was recently down 1.8%.

Ryder System (NYSE:R - Get Free Report) was upgraded by equities research analysts at Citigroup from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Thursday, Briefing.com reports. The brokerage currently has a $285.00 target price on the transportation company's stock. Citigroup's price objective would indicate a potential upside of 22.87% from the company's previous close.

Several other brokerages have also recently commented on R. JPMorgan Chase & Co. raised shares of Ryder System from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $296.00 to $298.00 in a research report on Monday. Robert W. Baird reaffirmed a "neutral" rating and issued a $245.00 target price (down from $290.00) on shares of Ryder System in a research report on Tuesday, September 29th. Barclays upped their target price on Ryder System from $290.00 to $300.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Stephens raised Ryder System to a "strong-buy" rating in a research report on Wednesday, July 8th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Ryder System in a research note on Monday, August 24th. 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $284.12.

Ryder System Trading Down 1.8%

NYSE:R opened at $231.95 on Thursday. The company has a market cap of $8.90 billion, a P/E ratio of 18.87 and a beta of 1.05. Ryder System has a twelve month low of $157.67 and a twelve month high of $284.25. The business has a 50 day moving average price of $247.07 and a two-hundred day moving average price of $246.07. 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 - Get Free Report) last posted 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 net margin of 3.88% and a return on equity of 18.28%. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period last year, the company earned $3.32 earnings per share. The firm's revenue 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. As a group, analysts expect that Ryder System will post 14.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Keating Financial Advisory Services Inc. bought a new position in Ryder System during the second quarter worth about $26,000. Cedar Mountain Advisors LLC raised its stake in Ryder System by 522.7% in the first quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company's stock valued at $28,000 after buying an additional 115 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Ryder System in the second quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Ryder System by 36.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company's stock valued at $42,000 after buying an additional 43 shares during the last quarter. Finally, Root Financial Partners LLC lifted its position in shares of Ryder System by 45.5% in the first quarter. Root Financial Partners LLC now owns 243 shares of the transportation company's stock valued at $50,000 after buying an additional 76 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Company Profile

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.

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