Ryder System (NYSE:R) Rating Lowered to Buy at Wall Street Zen

Ryder System (NYSE:R) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Sunday, Wall Street Zen reports.

A number of other research firms have also recently issued reports on R. Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a research report on Monday, August 24th. Barclays increased 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. Robert W. Baird reiterated a “neutral” rating and set a $245.00 target price (down from $290.00) on shares of Ryder System in a research report on Tuesday, September 29th. JPMorgan Chase & Co. increased their price target on shares of Ryder System from $259.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Finally, Stephens raised Ryder System to a “strong-buy” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $283.71.

Ryder System Price Performance

Shares of Ryder System stock opened at $236.30 on Friday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $9.06 billion, a PE ratio of 19.23 and a beta of 1.05. The firm has a fifty day moving average price of $248.08 and a two-hundred day moving average price of $245.49. Ryder System has a fifty-two week low of $157.67 and a fifty-two week high of $284.25.

Ryder System (NYSE:R) last posted its quarterly earnings data on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.04. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.29 billion. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.32 EPS. 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. Analysts expect that Ryder System will post 14.74 EPS 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 business. BlackRock Inc. acquired a new position in shares of Ryder System in the 2nd quarter valued at $1,060,749,000. Dimensional Fund Advisors LP lifted its stake in Ryder System by 0.4% in 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 during the period. First Trust Advisors LP lifted its stake in Ryder System by 81.5% in the first 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. Bank of America Corp DE acquired a new position in shares of Ryder System during the 2nd quarter worth about $207,689,000. Finally, Bank of New York Mellon Corp bought a new position in Ryder System during the 2nd quarter worth approximately $136,320,000. 87.47% of the stock is owned by institutional investors.

About Ryder System

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.