Susquehanna Cuts Ryder System (NYSE:R) Price Target to $280.00

Ryder System (NYSE:R – Get Free Report) had its target price lowered by stock analysts at Susquehanna from $310.00 to $280.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective indicates a potential upside of 21.21% from the stock’s current price.

A number of other equities research analysts have also recently commented on R. Zacks Research cut shares of Ryder System from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a report on Monday, August 24th. JPMorgan Chase & Co. boosted their price objective on Ryder System from $259.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Citizens Jmp began coverage on shares of Ryder System in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Finally, Barclays lifted their price target on Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $283.43.

Get Our Latest Stock Analysis on Ryder System

Ryder System Price Performance

Shares of R stock opened at $231.00 on Friday. The stock has a 50 day moving average price of $249.34 and a 200 day moving average price of $244.86. Ryder System has a 52-week low of $157.67 and a 52-week high of $284.25. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $8.86 billion, a P/E ratio of 18.80 and a beta of 1.05.

Ryder System (NYSE:R – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (EPS) 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 company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the previous year, the company earned $3.32 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. 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, sell-side analysts predict that Ryder System will post 14.74 earnings per share for the current year.

Hedge Funds Weigh In On Ryder System

Hedge funds and other institutional investors have recently bought and sold shares of the company. Keating Financial Advisory Services Inc. purchased a new stake in shares of Ryder System in the 2nd quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Ryder System in the second quarter valued at $30,000. Cedar Mountain Advisors LLC raised its stake in Ryder System by 522.7% in the first quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock valued at $28,000 after buying an additional 115 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Ryder System by 36.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock worth $42,000 after buying an additional 43 shares during the last quarter. Finally, Compass Financial Management LLC acquired a new position in shares of Ryder System during the 2nd quarter worth about $54,000. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

About Ryder System

(Get Free Report)

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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Analyst Recommendations for Ryder System (NYSE:R)

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