Ryder System (NYSE:R – Get Free Report) was downgraded by investment analysts at Robert W. Baird from a “strong-buy” rating to a “hold” rating in a report released on Tuesday, Zacks reports.
R has been the topic of several other reports. JPMorgan Chase & Co. boosted their price target on Ryder System from $259.00 to $296.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Citigroup raised their price objective on shares of Ryder System from $280.00 to $283.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Barclays lifted their price objective on shares of Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Stephens raised shares of Ryder System to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Zacks Research cut shares of Ryder System from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $287.71.
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Ryder System Stock Performance
Ryder System (NYSE:R – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.04. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the previous year, the business earned $3.32 EPS. The firm’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, analysts anticipate that Ryder System will post 14.74 EPS for the current year.
Institutional Investors Weigh In On Ryder System
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Keating Financial Advisory Services Inc. acquired a new position in Ryder System during the 2nd quarter valued at about $26,000. Cedar Mountain Advisors LLC increased its holdings in Ryder System by 522.7% during the 1st quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock worth $28,000 after purchasing an additional 115 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Ryder System in the second quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Ryder System by 36.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock worth $42,000 after purchasing an additional 43 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in shares of Ryder System by 53.8% in the fourth quarter. Clearstead Advisors LLC now owns 260 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.
Ryder System Company Profile
Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain, and dedicated transportation solutions. Its services include commercial vehicle leasing and rental, fleet maintenance, transportation management, warehousing, distribution, and delivery services.
The company serves businesses across industries through operations in the United States, Canada, and Mexico. Ryder also supports e-commerce and retail customers with last-mile delivery, fulfillment, and related logistics services, and sells used commercial vehicles through its network of vehicle sales centers and online channels.
Founded in 1933 by James Ryder, the company is headquartered in Miami, Florida.
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