Ryder System (NYSE:R) Stock Rating Raised to Overweight at JPMorgan Chase & Co.

Key Points

• JPMorgan upgraded Ryder System to “overweight” from “neutral” and raised its price target to $298 from $296, implying approximately 25.6% upside from the current share price.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $283.71, despite mixed recent revisions from other firms.
• Ryder’s latest quarterly results modestly exceeded earnings expectations, reporting $3.73 in EPS versus the $3.69 consensus estimate, while revenue increased 5% year over year to $2.69 billion.

Ryder System (NYSE:R - Get Free Report) was upgraded by research analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a report issued on Monday, Benzinga reports. The firm currently has a $298.00 target price on the transportation company's stock, up from their prior target price of $296.00. JPMorgan Chase & Co.'s price target would suggest a potential upside of 25.61% from the stock's current price.

Other analysts also recently issued research reports about the company. Wall Street Zen downgraded Ryder System from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Susquehanna lowered 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. Zacks Research cut shares of Ryder System from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 22nd. Stephens upgraded shares of Ryder System to a "strong-buy" rating in a research report on Wednesday, July 8th. Finally, Citizens Jmp initiated coverage on Ryder System in a report on Wednesday, July 15th. They issued a "market perform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $283.71.

Ryder System Stock Down 0.0%

Shares of NYSE:R opened at $237.24 on Monday. The firm has a market capitalization of $9.10 billion, a PE ratio of 19.30 and a beta of 1.05. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.65. Ryder System has a 52-week low of $157.67 and a 52-week high of $284.25. The firm has a fifty day moving average of $248.73 and a 200 day moving average of $245.19.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share 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 business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter last year, the business posted $3.32 earnings per share. The company's revenue for the quarter was up 5.0% on a year-over-year basis. 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, research analysts anticipate that Ryder System will post 14.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Keating Financial Advisory Services Inc. bought a new stake in shares of Ryder System in the 2nd quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Ryder System in the second quarter worth $30,000. Cedar Mountain Advisors LLC boosted its holdings 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 acquiring an additional 115 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position 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 purchasing an additional 43 shares during the period. Finally, Compass Financial Management LLC bought a new position in Ryder System in the 2nd quarter worth $54,000. Institutional investors own 87.47% of the company's stock.

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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