Ryder System (NYSE:R) Stock Price Target Raised at Citigroup

Key Points

• Citigroup raised Ryder System’s price target from $285 to $302 and maintained a “buy” rating, implying roughly 12.6% upside from the cited share price of $268.27.
• Analyst sentiment remains favorable: eight analysts rate the stock a Buy and four rate it Hold, resulting in a consensus “Moderate Buy” rating and an average price target of $292.44.
• Ryder exceeded quarterly EPS expectations with $4.33 versus $4.15 projected, while revenue rose 8.3% year over year but came in below estimates, highlighting continued earnings strength alongside top-line concerns.

Ryder System (NYSE:R - Get Free Report) had its price target raised by equities research analysts at Citigroup from $285.00 to $302.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a "buy" rating on the transportation company's stock. Citigroup's price target would suggest a potential upside of 12.57% from the stock's current price.

Several other research analysts also recently commented on the stock. Susquehanna cut their price objective on shares of Ryder System from $310.00 to $280.00 and set a "positive" rating for the company in a report on Friday, October 2nd. Wall Street Zen upgraded Ryder System from a "buy" rating to a "strong-buy" rating in a research report on Monday, October 12th. Robert W. Baird reaffirmed a "neutral" rating and issued a $245.00 price target (down from $290.00) on shares of Ryder System in a report on Tuesday, September 29th. Citizens Jmp started coverage on Ryder System in a report on Wednesday, July 15th. They issued a "market perform" rating for the company. Finally, Janney Montgomery Scott set a $285.00 price objective on Ryder System in a research note on Thursday, October 8th. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $292.44.

Ryder System Price Performance

Shares of R traded up $2.75 during midday trading on Friday, hitting $268.27. 363,957 shares of the company traded hands, compared to its average volume of 360,379. The stock has a 50-day moving average of $242.32 and a 200-day moving average of $249.09. 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 has a one year low of $160.08 and a one year high of $284.25. The firm has a market cap of $10.29 billion, a P/E ratio of 21.82 and a beta of 1.05.

Ryder System (NYSE:R - Get Free Report) last posted its earnings results on Thursday, October 22nd. The transportation company reported $4.33 EPS for the quarter, topping the consensus estimate of $4.15 by $0.18. Ryder System had a return on equity of 18.28% and a net margin of 3.88%. The business had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $3.38 billion. During the same period in the previous year, the business earned $3.57 earnings per share. The firm's revenue was up 8.3% on a year-over-year basis. As a group, sell-side analysts predict that Ryder System will post 14.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Ryder System

Several large investors have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB boosted its position in Ryder System by 36.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company's stock worth $42,000 after acquiring an additional 43 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Ryder System by 19.2% during the third quarter. Versant Capital Management Inc now owns 317 shares of the transportation company's stock valued at $72,000 after purchasing an additional 51 shares in the last quarter. Quantum Portfolio Management LLC grew its holdings 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 acquiring an additional 52 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Ryder System by 0.8% in the 4th quarter. Corient Private Wealth LLC now owns 7,337 shares of the transportation company's stock worth $1,404,000 after acquiring an additional 58 shares during the last quarter. Finally, Baird Financial Group Inc. grew its position in Ryder System by 0.7% during the 2nd quarter. Baird Financial Group Inc. now owns 9,441 shares of the transportation company's stock worth $2,490,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company's stock.

Key Ryder System News

Here are the key news stories impacting Ryder System this week:

• Positive Sentiment: Third-quarter EPS beat expectations: Ryder reported comparable earnings of $4.33 per share, up from $3.57 a year ago and ahead of the roughly $4.15–$4.17 consensus. The company also reported its eighth consecutive quarter of comparable EPS growth, supporting the view that operating momentum remains healthy. Ryder Reports Third Quarter 2026 Results
• Positive Sentiment: Full-year profit outlook was raised: Ryder now expects fiscal 2026 EPS of $14.85–$15.05, above the $14.68 analyst consensus. The updated outlook suggests management expects earnings strength to continue beyond the third quarter.
• Positive Sentiment: Analysts became more bullish: JPMorgan, Barclays, Wells Fargo, and Stephens all raised their price targets to $305–$315 and maintained “overweight” ratings. The new targets imply approximately 15%–19% upside from the referenced share price, providing an additional catalyst for the stock.
• Positive Sentiment: Management highlighted durable operating strength: The earnings call characterized Ryder as well positioned for the transportation cycle, with continued earnings growth and improving business conditions supporting the upgraded outlook. Ryder System Earnings Call Signals Cycle-Ready Strength
• Neutral Sentiment: Fourth-quarter guidance was generally consistent with expectations: Ryder forecast EPS of $4.25–$4.45, compared with consensus of $4.27. This indicates continued profitability but offers limited near-term upside relative to estimates.
• Negative Sentiment: Revenue remains a concern: Syndicated results data indicated quarterly revenue of $2.76 billion, below a $3.38 billion consensus estimate, although revenue increased 8.3% year over year. The company’s $10.7 billion full-year revenue outlook was also below the cited $13.3 billion consensus, creating a potential headwind if the discrepancy reflects weaker-than-expected top-line growth.

Ryder System Company Profile

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. Founded in 1933 by James Ryder and headquartered in Miami, Florida, the company serves businesses that rely on commercial vehicles, transportation networks and logistics infrastructure.

Through its Fleet Management Solutions business, Ryder offers full-service leasing, commercial vehicle rental, maintenance, fleet support and related services for trucks, tractors, trailers and other vehicles.

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