Ryder System’s (R) Peer Perform Rating Reiterated at Wolfe Research

Wolfe Research reiterated their peer perform rating on shares of Ryder System (NYSE:R) in a report released on Thursday morning, MarketBeat Ratings reports.

R has been the topic of a number of other reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a report on Wednesday, October 8th. 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 report on Thursday, October 2nd. Wall Street Zen raised shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Citigroup lifted their price objective on shares of Ryder System from $196.00 to $218.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ryder System from $194.00 to $197.00 and gave the company a “neutral” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $205.67.

Ryder System Stock Performance

Shares of R stock opened at $191.43 on Thursday. Ryder System has a 52 week low of $125.54 and a 52 week high of $200.53. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 16.17 and a beta of 0.96. The company has a 50-day simple moving average of $181.49 and a 200 day simple moving average of $180.02. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.02 and a current ratio of 1.02.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, October 23rd. The transportation company reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.56 by $0.01. Ryder System had a net margin of 3.96% and a return on equity of 17.69%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same period in the prior year, the firm earned $3.44 EPS. The business’s revenue was up .1% on a year-over-year basis. 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, sell-side analysts predict that Ryder System will post 13.68 earnings per share for the current year.

Institutional Investors Weigh In On Ryder System

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

About Ryder System

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.