Brokerages Set Ryder System, Inc. (NYSE:R) PT at $294.14

Shares of Ryder System, Inc. (NYSE:RGet Free Report) have earned an average rating of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $294.1429.

R has been the subject of a number of research analyst reports. Wells Fargo & Company upped their target price on Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Wall Street Zen downgraded Ryder System from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. JPMorgan Chase & Co. upped their price objective on Ryder System from $259.00 to $296.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a research note on Monday, August 24th. Finally, Robert W. Baird lifted their target price on Ryder System from $253.00 to $290.00 and gave the stock an “outperform” rating in a report on Wednesday, June 17th.

Read Our Latest Research Report on R

Institutional Investors Weigh In On Ryder System

Several large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Ryder System during the second quarter valued at $1,060,749,000. Dimensional Fund Advisors LP lifted its stake in Ryder System by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,621,947 shares of the transportation company’s stock valued at $331,996,000 after buying an additional 6,652 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Ryder System in the second quarter worth about $207,689,000. First Trust Advisors LP boosted its stake in 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 worth $206,822,000 after purchasing an additional 453,697 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Ryder System by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 734,203 shares of the transportation company’s stock valued at $140,549,000 after purchasing an additional 4,895 shares in the last quarter. 87.47% of the stock is owned by institutional investors.

Ryder System Trading Down 0.2%

NYSE:R opened at $236.60 on Friday. Ryder System has a 1 year low of $157.67 and a 1 year high of $284.25. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of 19.25 and a beta of 1.01. The business has a fifty day moving average of $254.64 and a 200-day moving average of $243.09. 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 (NYSE:RGet Free Report) last issued its quarterly earnings data 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. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.32 earnings per share. 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. Equities analysts predict that Ryder System will post 14.74 earnings per share for the current year.

Ryder System Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Monday, August 24th were given a $1.01 dividend. This represents a $4.04 annualized dividend and a yield of 1.7%. This is a positive change from Ryder System’s previous quarterly dividend of $0.91. The ex-dividend date was Monday, August 24th. Ryder System’s dividend payout ratio (DPR) is presently 32.87%.

About Ryder System

(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.

See Also

Analyst Recommendations for Ryder System (NYSE:R)

Receive News & Ratings for Ryder System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ryder System and related companies with MarketBeat.com's FREE daily email newsletter.