Ryder System (NYSE:R) Now Covered by Analysts at Citigroup

Key Points

• Citigroup has initiated coverage on Ryder System with a "buy" rating and a price target of $217.00, indicating a potential upside of 18.16%.
• Other analysts, including Morgan Stanley and Barclays, have also set their price targets between $190.00 and $215.00, collectively reinforcing a consensus rating of "Moderate Buy."
• Recently, insiders have sold shares of Ryder System, with the Director E Follin Smith selling over 5,500 shares at an average price of $177.66, marking a 14.05% decrease in their holdings.

Investment analysts at Citigroup initiated coverage on shares of Ryder System (NYSE:R - Get Free Report) in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $217.00 price target on the transportation company's stock. Citigroup's target price suggests a potential upside of 17.28% from the company's previous close.

Other analysts also recently issued reports about the stock. Morgan Stanley increased their price target on shares of Ryder System from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Wolfe Research raised shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price target on the stock in a report on Tuesday, July 1st. JPMorgan Chase & Co. upped their price objective on shares of Ryder System from $165.00 to $173.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Barclays initiated coverage on shares of Ryder System in a research report on Monday, June 9th. They set an "overweight" rating and a $190.00 price target on the stock. Finally, Stephens lifted their price objective on Ryder System from $150.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $189.89.

Ryder System Stock Performance

Shares of R stock traded up $1.28 during trading hours on Monday, hitting $185.03. The company's stock had a trading volume of 189,849 shares, compared to its average volume of 272,621. The company has a 50 day moving average of $181.26 and a 200 day moving average of $160.08. The stock has a market cap of $7.55 billion, a PE ratio of 15.73 and a beta of 0.98. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 2.27. Ryder System has a 12-month low of $125.54 and a 12-month high of $191.00.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The transportation company reported $3.32 EPS for the quarter, beating the consensus estimate of $3.11 by $0.21. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.17 billion. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The business's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.00 EPS. Ryder System has set its Q3 2025 guidance at 3.450-3.650 EPS. FY 2025 guidance at 12.850-13.300 EPS. On average, sell-side analysts forecast that Ryder System will post 13.68 EPS for the current fiscal year.

Insider Buying and Selling

In other Ryder System news, Director E Follin Smith sold 5,523 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $177.66, for a total transaction of $981,216.18. Following the sale, the director owned 33,779 shares of the company's stock, valued at approximately $6,001,177.14. This trade represents a 14.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert E. Sanchez sold 22,063 shares of Ryder System stock in a transaction on Monday, July 28th. The shares were sold at an average price of $182.49, for a total transaction of $4,026,276.87. Following the completion of the transaction, the chief executive officer directly owned 62,887 shares in the company, valued at $11,476,248.63. The trade was a 25.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,618 shares of company stock valued at $7,587,997 over the last ninety days. 5.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ryder System

Several institutional investors have recently made changes to their positions in the stock. Valeo Financial Advisors LLC lifted its holdings in Ryder System by 20.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 6,683 shares of the transportation company's stock valued at $1,063,000 after purchasing an additional 1,119 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Ryder System by 138.3% in the 2nd quarter. Osaic Holdings Inc. now owns 9,282 shares of the transportation company's stock worth $1,476,000 after acquiring an additional 5,387 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Ryder System by 28.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 37,912 shares of the transportation company's stock valued at $6,028,000 after buying an additional 8,504 shares during the last quarter. State of Wyoming boosted its stake in shares of Ryder System by 34.6% during the 2nd quarter. State of Wyoming now owns 2,831 shares of the transportation company's stock valued at $450,000 after buying an additional 727 shares during the last quarter. Finally, Hudson Bay Capital Management LP boosted its stake in shares of Ryder System by 226.6% during the 2nd quarter. Hudson Bay Capital Management LP now owns 72,569 shares of the transportation company's stock valued at $11,538,000 after buying an additional 50,347 shares during the last quarter. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

About Ryder System

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.