Ryder System (NYSE:R) Stock Rating Upgraded by Wall Street Zen

Key Points

• Ryder System has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting increased analyst confidence in the company's performance.
• Multiple analysts have revised their target prices for Ryder System, with Citigroup setting the highest at $217.00, indicating strong market expectations for the company's growth.
• Ryder System's recent quarterly earnings exceeded expectations, with an EPS of $3.32 compared to a consensus estimate of $3.11, highlighting its robust financial performance.

Ryder System (NYSE:R - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Friday.

A number of other analysts have also issued reports on R. Stephens boosted their target price on shares of Ryder System from $150.00 to $190.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Wolfe Research raised shares of Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 target price for the company in a research note on Tuesday, July 1st. Citigroup assumed coverage on shares of Ryder System in a research note on Monday, September 22nd. They set a "buy" rating and a $217.00 target price for the company. Robert W. Baird lifted their price objective on Ryder System from $186.00 to $192.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Ryder System in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Ryder System currently has an average rating of "Moderate Buy" and a consensus target price of $193.22.

Ryder System Stock Performance

Shares of NYSE:R traded up $2.73 during trading on Friday, hitting $193.20. The company's stock had a trading volume of 362,702 shares, compared to its average volume of 292,339. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of 16.43 and a beta of 1.00. Ryder System has a 12 month low of $125.54 and a 12 month high of $195.17. The company has a 50-day moving average of $183.92 and a 200-day moving average of $162.67. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.82 and a quick ratio of 0.82.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The transportation company reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.21. Ryder System had a net margin of 3.99% and a return on equity of 17.83%. The firm had revenue of $3.19 billion for the quarter, compared to analysts' expectations of $3.17 billion. During the same quarter last year, the business posted $3.00 earnings per share. The company's revenue for the quarter was up .2% compared to the same quarter last year. 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 expect that Ryder System will post 13.68 earnings per share for the current year.

Insider Activity

In related news, insider Thomas M. Havens sold 6,500 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $181.77, for a total value of $1,181,505.00. Following the sale, the insider owned 32,478 shares in the company, valued at $5,903,526.06. This represents a 16.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert E. Sanchez sold 22,063 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $182.49, for a total value of $4,026,276.87. Following the completion of the sale, the chief executive officer owned 62,887 shares in the company, valued at approximately $11,476,248.63. This represents a 25.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,618 shares of company stock valued at $7,587,997. 5.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ryder System

Large investors have recently made changes to their positions in the company. State of Alaska Department of Revenue lifted its stake in shares of Ryder System by 2.2% in the 1st quarter. State of Alaska Department of Revenue now owns 4,928 shares of the transportation company's stock valued at $708,000 after purchasing an additional 105 shares during the period. DAVENPORT & Co LLC purchased a new position in shares of Ryder System during the 1st quarter valued at approximately $557,000. GAMMA Investing LLC lifted its position in shares of Ryder System by 41.8% during the 1st quarter. GAMMA Investing LLC now owns 1,278 shares of the transportation company's stock valued at $184,000 after buying an additional 377 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Ryder System during the 1st quarter valued at approximately $4,721,000. Finally, Voya Investment Management LLC lifted its position in shares of 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. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Company Profile

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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