Wolfe Research Reaffirms “Peer Perform” Rating for Ryder System (NYSE:R)

Ryder System (NYSE:R)‘s stock had its “peer perform” rating restated by investment analysts at Wolfe Research in a report issued on Thursday,Benzinga reports.

A number of other equities analysts have also recently commented on R. JPMorgan Chase & Co. lifted their target price on Ryder System from $194.00 to $197.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a research report on Wednesday, October 8th. Wells Fargo & Company began coverage on shares of Ryder System in a research report on Friday, December 5th. They set an “overweight” rating and a $210.00 price objective on the stock. Wall Street Zen raised shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Citigroup lifted their price target 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $205.67.

Ryder System Stock Performance

Shares of NYSE:R opened at $188.18 on Thursday. The firm has a fifty day simple moving average of $180.64 and a two-hundred day simple moving average of $179.52. Ryder System has a 52 week low of $125.54 and a 52 week high of $200.53. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $7.60 billion, a P/E ratio of 15.89 and a beta of 0.96.

Ryder System (NYSE:R) last announced its quarterly earnings results on Thursday, October 23rd. The transportation company reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.56 by $0.01. The firm 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 firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last 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, analysts expect that Ryder System will post 13.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ryder System

A number of institutional investors and hedge funds have recently added to or reduced their stakes in R. GAMMA Investing LLC grew its stake in Ryder System by 6.1% in the 4th quarter. GAMMA Investing LLC now owns 1,452 shares of the transportation company’s stock worth $278,000 after acquiring an additional 84 shares in the last quarter. Swiss Life Asset Management Ltd purchased a new stake in shares of Ryder System in the third quarter valued at approximately $365,000. Danske Bank A S bought a new position in Ryder System in the third quarter worth approximately $5,050,000. Dorsey Wright & Associates purchased a new position in Ryder System during the 3rd quarter worth $336,000. Finally, Sterling Wealth Management Inc. purchased a new position in Ryder System during the 3rd quarter worth $232,000. Institutional investors own 87.47% of the company’s stock.

Ryder System Company Profile

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.