Citigroup Boosts Ryder System (NYSE:R) Price Target to $218.00

Ryder System (NYSE:R) had its price objective upped by equities research analysts at Citigroup from $196.00 to $218.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Citigroup’s price target suggests a potential upside of 14.30% from the company’s current price.

A number of other analysts also recently issued reports on R. Wells Fargo & Company assumed coverage on Ryder System in a research report on Friday, December 5th. They set an “overweight” rating and a $210.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of Ryder System from $194.00 to $197.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Wall Street Zen upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a research note on Wednesday, October 8th. Finally, Barclays lifted their price objective on Ryder System from $190.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. One investment 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $205.67.

Ryder System Price Performance

R stock traded up $0.54 during mid-day trading on Friday, reaching $190.72. The company’s stock had a trading volume of 97,625 shares, compared to its average volume of 370,963. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.35. The company’s 50 day moving average is $175.80 and its two-hundred day moving average is $175.11. Ryder System has a fifty-two week low of $125.54 and a fifty-two week high of $200.53. The stock has a market cap of $7.70 billion, a PE ratio of 16.14 and a beta of 0.97.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, October 23rd. The transportation company reported $3.57 EPS for the quarter, topping the consensus estimate of $3.56 by $0.01. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $3.19 billion. Ryder System had a return on equity of 17.69% and a net margin of 3.96%.The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.44 EPS. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS and its FY 2025 guidance at 12.850-13.050 EPS. Equities research analysts expect that Ryder System will post 13.68 EPS for the current year.

Institutional Trading of Ryder System

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Valeo Financial Advisors LLC boosted its holdings in shares of Ryder System by 51,455.2% in the second quarter. Valeo Financial Advisors LLC now owns 2,868,534 shares of the transportation company’s stock worth $456,097,000 after buying an additional 2,862,970 shares during the period. State Street Corp grew its position in Ryder System by 0.4% during the second quarter. State Street Corp now owns 1,995,292 shares of the transportation company’s stock valued at $317,251,000 after purchasing an additional 7,447 shares in the last quarter. Orbis Allan Gray Ltd lifted its stake in shares of Ryder System by 15.4% in the second quarter. Orbis Allan Gray Ltd now owns 1,005,382 shares of the transportation company’s stock worth $159,856,000 after buying an additional 134,423 shares during the last quarter. Bank of America Corp DE grew its position in Ryder System by 6.7% during the second quarter. Bank of America Corp DE now owns 988,117 shares of the transportation company’s stock worth $157,111,000 after buying an additional 62,313 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Ryder System by 3.5% during the third quarter. Sei Investments Co. now owns 883,338 shares of the transportation company’s stock valued at $166,633,000 after purchasing an additional 30,144 shares during the period. 87.47% of the stock is currently owned by institutional investors.

Ryder System Company Profile

Ryder System, Inc is a leading provider of transportation and supply chain management solutions, serving commercial customers across a range of industries. The company’s Fleet Management Solutions segment offers full-service leasing and rental of medium- and heavy-duty trucks, tractors and trailers, along with maintenance and repair services at its network of service locations. Its Supply Chain Solutions segment provides integrated, technology-driven offerings that span managed transportation, dedicated contract carriage, warehousing and distribution, and e-commerce fulfillment.

Founded in 1933 and headquartered in Miami, Florida, Ryder has grown from a regional truck leasing operation into a diversified, global logistics provider.