Wall Street Zen Upgrades Ryder System (NYSE:R) to “Strong-Buy”

by · The Markets Daily

Ryder System (NYSE:R – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other brokerages also recently commented on R. Stephens upgraded shares of Ryder System to a “strong-buy” rating in a report on Wednesday, July 8th. Susquehanna raised their price target on shares of Ryder System from $290.00 to $310.00 and gave the stock a “positive” rating in a report on Friday, July 24th. Citizens Jmp assumed coverage on shares of Ryder System in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Wells Fargo & Company lifted their price target on shares of Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Finally, Morgan Stanley upped their price objective on Ryder System from $263.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, July 6th. One 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $294.14.

Read Our Latest Report on Ryder System

Ryder System Stock Down 0.1%

NYSE R opened at $235.26 on Friday. Ryder System has a 52 week low of $157.67 and a 52 week high of $284.25. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.91. The business’s fifty day simple moving average is $252.63 and its 200-day simple moving average is $243.79. The firm has a market cap of $9.02 billion, a PE ratio of 19.14 and a beta of 1.01.

Ryder System (NYSE:R – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.04. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the previous year, the company posted $3.32 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. 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, equities analysts anticipate that Ryder System will post 14.74 earnings per share for the current year.

Institutional Investors Weigh In On Ryder System

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Ryder System during the second quarter worth $1,060,749,000. Bank of America Corp DE purchased a new position in shares of Ryder System during the second quarter worth $207,689,000. Norges Bank acquired a new stake in shares of Ryder System in the fourth quarter valued at $111,168,000. Bank of New York Mellon Corp acquired a new stake in shares of Ryder System in the second quarter valued at $136,320,000. Finally, First Trust Advisors LP raised its holdings in shares of Ryder System by 81.5% in the 1st quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company’s stock valued at $206,822,000 after buying an additional 453,697 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Company Profile

(Get Free Report)

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. The company serves commercial customers across industries, helping them manage the movement, storage and delivery of goods through integrated transportation and logistics solutions.

Ryder’s fleet management offerings include commercial truck leasing, rental, maintenance and related support services. It also sells used vehicles and provides technology designed to help customers monitor fleets, improve utilization and manage transportation operations.

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