Ryder System (NYSE:R) Price Target Raised to $218.00 at Citigroup

Ryder System (NYSE:R) had its price target boosted by Citigroup from $196.00 to $218.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

A number of other equities analysts also recently commented on the company. Morgan Stanley increased their price objective on Ryder System from $190.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Wells Fargo & Company initiated coverage on shares of Ryder System in a research note on Friday, December 5th. They set an “overweight” rating and a $210.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ryder System in a research note on Wednesday, October 8th. Barclays increased their target price on shares of Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Finally, Wall Street Zen raised Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $205.67.

Ryder System Trading Up 0.7%

NYSE R opened at $191.48 on Friday. Ryder System has a 1-year low of $125.54 and a 1-year high of $200.53. 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 company has a market capitalization of $7.73 billion, a PE ratio of 16.17 and a beta of 0.97. The firm’s fifty day simple moving average is $176.10 and its 200-day simple moving average is $175.42.

Ryder System (NYSE:R) last issued its 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. Ryder System had a return on equity of 17.69% and a net margin of 3.96%.The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the previous year, the company posted $3.44 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. 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. As a group, sell-side analysts anticipate that Ryder System will post 13.68 earnings per share for the current fiscal year.

Ryder System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Monday, November 17th were issued a $0.91 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $3.64 dividend on an annualized basis and a yield of 1.9%. Ryder System’s dividend payout ratio (DPR) is 30.74%.

Institutional Investors Weigh In On Ryder System

Hedge funds have recently modified their holdings of the business. Swiss Life Asset Management Ltd bought a new position in Ryder System during the third quarter worth $365,000. Danske Bank A S acquired a new stake in Ryder System in the 3rd quarter worth $5,050,000. Dorsey Wright & Associates bought a new position in shares of Ryder System during the 3rd quarter worth about $336,000. Sterling Wealth Management Inc. acquired a new position in shares of Ryder System during the third quarter valued at about $232,000. Finally, NewEdge Advisors LLC raised its position in shares of Ryder System by 12.5% during the third quarter. NewEdge Advisors LLC now owns 27,093 shares of the transportation company’s stock valued at $5,111,000 after buying an additional 3,006 shares during the last quarter. 87.47% of the stock is owned by institutional investors.

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.