Ryder System, Inc. (NYSE:R) Stock Has Average Target Price of $284.12

Ryder System, Inc. (NYSE:R) has been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $284.12.

Several equities research analysts have commented on R shares. Janney Montgomery Scott set a $285.00 price objective on shares of Ryder System in a research note on Thursday, October 8th. Zacks Research downgraded Ryder System from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Stephens upgraded Ryder System to a “strong-buy” rating in a research note on Wednesday, July 8th. Citigroup raised Ryder System from a “neutral” rating to a “buy” rating and upped their target price for the company from $283.00 to $285.00 in a report on Thursday, October 8th. Finally, Citizens Jmp started coverage on shares of Ryder System in a research note on Wednesday, July 15th. They set a “market perform” rating for the company.

Ryder System Stock Performance

NYSE R opened at $235.96 on Thursday. Ryder System has a 1 year low of $157.67 and a 1 year high of $284.25. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $9.05 billion, a price-to-earnings ratio of 19.20 and a beta of 1.05. The company has a fifty day moving average price of $243.16 and a 200-day moving average price of $248.21.

Ryder System (NYSE:R) last announced its earnings results on Thursday, July 23rd. The transportation company reported $3.73 EPS for the quarter, beating the consensus estimate of $3.69 by $0.04. Ryder System had a net margin of 3.88% and a return on equity of 18.28%. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the prior year, the company posted $3.32 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. 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, equities research analysts predict that Ryder System will post 14.74 EPS for the current fiscal year.

Ryder System Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Monday, November 23rd will be paid a $1.01 dividend. The ex-dividend date is Monday, November 23rd. This represents a $4.04 annualized dividend and a yield of 1.7%. Ryder System’s dividend payout ratio is presently 32.87%.

Hedge Funds Weigh In On Ryder System

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Ryder System in the 2nd quarter worth approximately $1,060,749,000. Dimensional Fund Advisors LP boosted its position 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 valued at $331,996,000 after acquiring an additional 6,652 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Ryder System by 81.5% during the 1st quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company’s stock valued at $206,822,000 after acquiring an additional 453,697 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Ryder System during the second quarter worth about $207,689,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Ryder System during the second quarter worth about $136,320,000. Institutional investors own 87.47% of the company’s stock.

About Ryder System

Ryder System, Inc is a transportation and logistics company that provides fleet management, supply chain and dedicated transportation services. Founded in 1933 by James Ryder and headquartered in Miami, Florida, the company serves businesses that rely on commercial vehicles, transportation networks and logistics infrastructure.

Through its Fleet Management Solutions business, Ryder offers full-service leasing, commercial vehicle rental, maintenance, fleet support and related services for trucks, tractors, trailers and other vehicles.