Ryder System, Inc. (NYSE:R) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Ryder System, Inc. (NYSE:R) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $195.8889.

Several equities analysts recently commented on R shares. JPMorgan Chase & Co. upped their price target on shares of Ryder System from $194.00 to $197.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Citigroup initiated coverage on shares of Ryder System in a research report on Monday, September 22nd. They set a “buy” rating and a $217.00 target price on the stock. Wall Street Zen upgraded shares of Ryder System from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Stephens increased their price target on Ryder System from $150.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Finally, Barclays raised their price objective on Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd.

Hedge Funds Weigh In On Ryder System

Hedge funds have recently bought and sold shares of the company. Danske Bank A S acquired a new position in shares of Ryder System in the 3rd quarter valued at approximately $5,050,000. Dorsey Wright & Associates bought a new stake in Ryder System during the third quarter worth $336,000. Sterling Wealth Management Inc. bought a new stake in Ryder System during the third quarter worth $232,000. NewEdge Advisors LLC boosted its holdings in shares of Ryder System by 12.5% in the 3rd quarter. NewEdge Advisors LLC now owns 27,093 shares of the transportation company’s stock valued at $5,111,000 after purchasing an additional 3,006 shares in the last quarter. Finally, Castleark Management LLC bought a new position in shares of Ryder System in the 3rd quarter valued at $4,090,000. 87.47% of the stock is owned by institutional investors.

Ryder System Price Performance

Shares of NYSE R opened at $168.30 on Monday. The firm has a market cap of $6.80 billion, a P/E ratio of 14.21 and a beta of 1.05. The business’s 50 day moving average is $177.67 and its 200-day moving average is $171.44. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.35. Ryder System has a 1-year low of $125.54 and a 1-year high of $195.48.

Ryder System (NYSE:R) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $3.19 billion. Ryder System had a return on equity of 17.69% and a net margin of 3.96%.The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.44 EPS. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS. FY 2025 guidance at 12.850-13.050 EPS. Equities research analysts predict that Ryder System will post 13.68 earnings per share for the current year.

Ryder System Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Monday, November 17th will be given a $0.91 dividend. The ex-dividend date is Monday, November 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.2%. Ryder System’s dividend payout ratio (DPR) is presently 30.74%.

About Ryder System

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.