Ryder System (NYSE:R) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen downgraded shares of Ryder System (NYSE:R) from a strong-buy rating to a buy rating in a report published on Sunday morning,Wall Street Zen reports.

Other analysts also recently issued research reports about the company. Wells Fargo & Company lifted their target price on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Robert W. Baird reiterated a “neutral” rating and issued a $245.00 price target (down from $290.00) on shares of Ryder System in a research note on Tuesday, September 29th. Susquehanna cut their price target on Ryder System from $310.00 to $280.00 and set a “positive” rating on the stock in a research note on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a report on Monday, August 24th. Finally, JPMorgan Chase & Co. upped their target price on Ryder System from $259.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $283.43.

Ryder System Price Performance

Shares of NYSE R opened at $237.24 on Friday. Ryder System has a fifty-two week low of $157.67 and a fifty-two week high of $284.25. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.91. The firm has a market cap of $9.10 billion, a PE ratio of 19.30 and a beta of 1.05. The business has a 50 day moving average price of $248.73 and a two-hundred day moving average price of $245.19.

Ryder System (NYSE:R) last issued its earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share for the quarter, topping analysts’ consensus estimates of $3.69 by $0.04. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the prior year, the company earned $3.32 earnings per share. The firm’s 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. Sell-side analysts expect that Ryder System will post 14.74 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Monday, August 24th were given a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, August 24th. This is an increase from Ryder System’s previous quarterly dividend of $0.91. Ryder System’s dividend payout ratio is 32.87%.

Institutional Investors Weigh In On Ryder System

A number of hedge funds and other institutional investors have recently modified their holdings of R. BlackRock Inc. bought a new stake in shares of Ryder System in the 2nd quarter valued at $1,060,749,000. Bank of America Corp DE acquired a new position in shares of Ryder System during the 2nd quarter worth about $207,689,000. Bank of New York Mellon Corp bought a new position in shares of Ryder System in the second quarter valued at $136,320,000. First Trust Advisors LP increased its holdings in shares of Ryder System by 81.5% during the 1st quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company’s stock worth $206,822,000 after acquiring an additional 453,697 shares during the last quarter. Finally, NewEdge Wealth LLC bought a new stake in shares of Ryder System during the 2nd quarter worth about $74,531,000. 87.47% of the stock is currently owned by institutional investors and hedge funds.

Ryder System Company Profile

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.