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

Ryder System (NYSE:R)‘s stock had its “peer perform” rating reaffirmed by research analysts at Wolfe Research in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company started coverage on Ryder System in a report on Friday, December 5th. They issued an “overweight” rating and a $210.00 target price for the company. Morgan Stanley upped their price objective on shares of Ryder System from $190.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ryder System in a report on Wednesday, October 8th. Barclays boosted their price target on shares of Ryder System from $190.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Finally, Wall Street Zen upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.67.

Ryder System Stock Up 0.7%

NYSE:R opened at $191.43 on Thursday. The company has a market cap of $7.73 billion, a price-to-earnings ratio of 16.17 and a beta of 0.96. Ryder System has a twelve month low of $125.54 and a twelve month 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 stock has a fifty day simple moving average of $181.49 and a 200-day simple moving average of $179.86.

Ryder System (NYSE:R) last posted its quarterly earnings results on Thursday, October 23rd. The transportation company reported $3.57 EPS for the quarter, topping analysts’ consensus estimates 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 business posted $3.44 earnings per share. The business’s revenue for the quarter 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. Analysts anticipate that Ryder System will post 13.68 EPS for the current year.

Hedge Funds Weigh In On Ryder System

Hedge funds and other institutional investors have recently modified their holdings of the business. Hantz Financial Services Inc. grew its stake in Ryder System by 770.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 174 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 154 shares in the last quarter. Root Financial Partners LLC purchased a new position in Ryder System in the third quarter worth approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Ryder System by 237.0% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 182 shares of the transportation company’s stock worth $29,000 after acquiring an additional 128 shares during the last quarter. MAI Capital Management raised its position in Ryder System by 57.6% in the second quarter. MAI Capital Management now owns 186 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 68 shares during the period. Finally, Assetmark Inc. raised its position in Ryder System by 421.9% in the third quarter. Assetmark Inc. now owns 167 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 135 shares during the period. 87.47% of the stock is owned by hedge funds and other 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.