Ryder System (NYSE:R) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Ryder System (NYSE:R) from a neutral rating to an overweight rating in a research note issued to investors on Monday morning, MarketBeat.com reports. The firm currently has $298.00 target price on the transportation company’s stock, up from their previous target price of $296.00.

Other analysts have also issued reports about the company. Stephens raised Ryder System to a “strong-buy” rating in a report on Wednesday, July 8th. Barclays upped their price objective on shares of Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Citizens Jmp initiated coverage on shares of Ryder System in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Citigroup raised their target price on shares of Ryder System from $280.00 to $283.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Wells Fargo & Company boosted their target price on shares of Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $283.71.

Ryder System Stock Down 1.8%

Shares of R opened at $231.95 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.91. Ryder System has a 12 month low of $157.67 and a 12 month high of $284.25. The firm’s 50 day moving average is $247.07 and its 200-day moving average is $246.07. The stock has a market capitalization of $8.90 billion, a PE ratio of 18.87 and a beta of 1.05.

Ryder System (NYSE:R) last issued its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.69 by $0.04. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the prior year, the business posted $3.32 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. 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. Equities research analysts forecast that Ryder System will post 14.74 EPS for the current year.

Hedge Funds Weigh In On Ryder System

A number of institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC raised its position in Ryder System by 104.2% during the 2nd quarter. Hsbc Holdings PLC now owns 56,403 shares of the transportation company’s stock worth $14,773,000 after purchasing an additional 28,775 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Ryder System by 9.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 194,632 shares of the transportation company’s stock worth $39,843,000 after buying an additional 16,070 shares during the period. California State Teachers Retirement System grew its position in shares of Ryder System by 23.6% in the 1st quarter. California State Teachers Retirement System now owns 48,030 shares of the transportation company’s stock valued at $9,832,000 after buying an additional 9,179 shares during the last quarter. Braun Stacey Associates Inc. bought a new stake in shares of Ryder System in the 1st quarter valued at about $12,189,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Ryder System in the 1st quarter valued at about $1,709,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

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.