Ryder System (NYSE:R) Price Target Raised to $197.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised Ryder System's price target to $197.00, suggesting a potential upside of 21.21% from its current price, while maintaining a "neutral" rating.
• Other analysts have also increased their target prices for Ryder, with Barclays setting a target of $220.00 and Citigroup offering a price target of $217.00, contributing to an average consensus price of $195.89.
• Ryder System reported quarterly earnings of $3.57 per share, slightly beating estimates, with revenue of $3.17 billion compared to expectations of $3.19 billion.

Ryder System (NYSE:R - Get Free Report) had its target price lifted by analysts at JPMorgan Chase & Co. from $194.00 to $197.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "neutral" rating on the transportation company's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 21.21% from the company's current price.

R has been the subject of several other research reports. Morgan Stanley boosted their target price on Ryder System from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Barclays increased their target price on Ryder System from $190.00 to $220.00 and gave the stock an "overweight" rating in a research note on Thursday, October 2nd. Citigroup began coverage on shares of Ryder System in a report on Monday, September 22nd. They issued a "buy" rating and a $217.00 price target on the stock. Wolfe Research raised shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price objective for the company in a research report on Tuesday, July 1st. Finally, Robert W. Baird raised their target price on shares of Ryder System from $186.00 to $192.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $195.89.

Ryder System Trading Up 1.5%

R stock traded up $2.33 during midday trading on Friday, reaching $162.53. 54,023 shares of the company traded hands, compared to its average volume of 360,613. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 13.83 and a beta of 1.00. Ryder System has a 52-week low of $125.54 and a 52-week high of $195.48. The business has a 50 day moving average of $184.98 and a 200-day moving average of $166.53. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.82 and a current ratio of 0.82.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings results on Thursday, October 23rd. The transportation company reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.56 by $0.01. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.19 billion. Ryder System had a return on equity of 17.83% and a net margin of 3.99%.Ryder System's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.44 EPS. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS. FY 2025 guidance at 12.850-13.050 EPS. As a group, sell-side analysts expect that Ryder System will post 13.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Robert E. Sanchez sold 22,063 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $182.49, for a total transaction of $4,026,276.87. Following the completion of the sale, the chief executive officer directly owned 62,887 shares in the company, valued at $11,476,248.63. This represents a 25.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Cristina Gallo-Aquino sold 1,000 shares of Ryder System stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $180.87, for a total value of $180,870.00. Following the completion of the transaction, the chief financial officer owned 26,561 shares in the company, valued at $4,804,088.07. This trade represents a 3.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,618 shares of company stock valued at $7,587,997 over the last ninety days. Company insiders own 5.20% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue lifted its position in Ryder System by 2.2% during the first quarter. State of Alaska Department of Revenue now owns 4,928 shares of the transportation company's stock valued at $708,000 after acquiring an additional 105 shares during the last quarter. DAVENPORT & Co LLC acquired a new position in shares of Ryder System during the first quarter worth $557,000. GAMMA Investing LLC boosted its position in shares of Ryder System by 41.8% in the 1st quarter. GAMMA Investing LLC now owns 1,278 shares of the transportation company's stock worth $184,000 after purchasing an additional 377 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Ryder System during the 1st quarter worth $4,721,000. Finally, Voya Investment Management LLC increased its position in Ryder System by 34.4% during the 1st quarter. Voya Investment Management LLC now owns 42,782 shares of the transportation company's stock valued at $6,152,000 after buying an additional 10,957 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company's stock.

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.

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