Ryder System (NYSE:R) Cut to Hold at Robert W. Baird

Ryder System (NYSE:R) was downgraded by investment analysts at Robert W. Baird from an “outperform” rating to a “hold” rating in a research report issued on Tuesday, Marketbeat reports. They presently have a $245.00 target price on the transportation company’s stock. Robert W. Baird’s price target points to a potential upside of 6.66% from the stock’s current price.

Several other research firms have also weighed in on R. Barclays lifted their price objective on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Morgan Stanley raised their price target on shares of Ryder System from $263.00 to $280.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Susquehanna boosted their price objective on shares of Ryder System from $290.00 to $310.00 and gave the stock a “positive” rating in a research note on Friday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research report on Monday, August 24th. Finally, Wells Fargo & Company lifted their target price on shares of Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $287.71.

Ryder System Price Performance

Shares of NYSE R traded down $1.18 during mid-day trading on Tuesday, reaching $229.69. The company’s stock had a trading volume of 9,510 shares, compared to its average volume of 362,297. The stock has a fifty day moving average of $251.06 and a two-hundred day moving average of $244.26. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.65 and a quick ratio of 0.65. Ryder System has a 52 week low of $157.67 and a 52 week high of $284.25. The firm has a market capitalization of $8.81 billion, a PE ratio of 18.67 and a beta of 1.01.

Ryder System (NYSE:R) last released its quarterly earnings results on Thursday, July 23rd. The transportation company reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.04. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter last year, the business posted $3.32 EPS. The firm’s revenue for the quarter 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. As a group, sell-side analysts anticipate that Ryder System will post 14.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Ryder System

Institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in Ryder System in the second quarter valued at approximately $1,060,749,000. Dimensional Fund Advisors LP increased its stake in shares of Ryder System by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,621,947 shares of the transportation company’s stock worth $331,996,000 after purchasing an additional 6,652 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Ryder System in the 2nd quarter worth approximately $207,689,000. First Trust Advisors LP lifted its stake in Ryder System by 81.5% in the first quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company’s stock valued at $206,822,000 after purchasing an additional 453,697 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Ryder System by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 734,203 shares of the transportation company’s stock valued at $140,549,000 after purchasing an additional 4,895 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.

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.