Ryder System (NYSE:R) Price Target Raised to $250.00

Ryder System (NYSE:R) had its price target upped by Morgan Stanley from $190.00 to $250.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

Several other analysts have also recently issued reports on R. JPMorgan Chase & Co. upped their price objective on Ryder System from $194.00 to $197.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Wall Street Zen raised Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Citigroup assumed coverage on Ryder System in a research note on Monday, September 22nd. They set a “buy” rating and a $217.00 price objective on the stock. Barclays boosted their target price on shares of Ryder System from $190.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Finally, Wells Fargo & Company assumed coverage on shares of Ryder System in a research report on Friday, December 5th. They issued an “overweight” rating and a $210.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $203.30.

Ryder System Stock Up 4.2%

Shares of NYSE:R opened at $194.18 on Monday. Ryder System has a 12-month low of $125.54 and a 12-month high of $195.48. 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 firm has a market cap of $7.84 billion, a PE ratio of 16.40 and a beta of 0.97. The company has a fifty day simple moving average of $175.51 and a 200 day simple moving average of $173.53.

Ryder System (NYSE:R) last released its earnings results on Thursday, October 23rd. The transportation company reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.56 by $0.01. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $3.19 billion. Ryder System had a net margin of 3.96% and a return on equity of 17.69%. The company’s revenue was up .1% on a year-over-year basis. 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. On average, equities research analysts anticipate that Ryder System will post 13.68 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, November 17th will be issued a $0.91 dividend. The ex-dividend date is Monday, November 17th. This represents a $3.64 annualized dividend and a dividend yield of 1.9%. Ryder System’s dividend payout ratio is 30.74%.

Institutional Investors Weigh In On Ryder System

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Meiji Yasuda Asset Management Co Ltd. bought a new stake in Ryder System during the first quarter worth approximately $4,721,000. Voya Investment Management LLC lifted its position in shares of Ryder System by 34.4% during the 1st quarter. Voya Investment Management LLC now owns 42,782 shares of the transportation company’s stock valued at $6,152,000 after acquiring an additional 10,957 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of Ryder System by 51,455.2% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,868,534 shares of the transportation company’s stock worth $456,097,000 after acquiring an additional 2,862,970 shares in the last quarter. Petrus Trust Company LTA acquired a new position in shares of Ryder System in the 1st quarter worth $203,000. Finally, United Services Automobile Association acquired a new stake in shares of Ryder System during the first quarter worth $396,000. 87.47% of the stock is currently owned by institutional investors.

About Ryder System

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.