Ryder System (NYSE:R) Raised to Overweight at JPMorgan Chase & Co.

Ryder System (NYSE:R) was upgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage currently has a $298.00 price objective on the transportation company’s stock, up from their previous price objective of $296.00. JPMorgan Chase & Co.‘s price objective points to a potential upside of 26.16% from the stock’s previous close.

Several other brokerages also recently weighed in on R. Citizens Jmp assumed coverage on Ryder System in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Ryder System in a research note on Monday, August 24th. Susquehanna cut their price target on shares of Ryder System from $310.00 to $280.00 and set a “positive” rating for the company in a report on Friday, October 2nd. Wells Fargo & Company upped their price objective on shares of Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Finally, Stephens raised shares of Ryder System to a “strong-buy” rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $283.71.

Ryder System Trading Up 0.1%

R stock opened at $236.20 on Monday. Ryder System has a 52-week low of $157.67 and a 52-week high of $284.25. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.91. The firm has a market cap of $9.06 billion, a P/E ratio of 19.22 and a beta of 1.05. The company’s 50-day simple moving average is $247.59 and its 200-day simple moving average is $245.79.

Ryder System (NYSE:R) last announced 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. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $3.29 billion. Ryder System had a return on equity of 18.28% and a net margin of 3.88%.Ryder System’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.32 EPS. 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 analysts forecast that Ryder System will post 14.74 EPS for the current fiscal year.

Institutional Trading of Ryder System

A number of institutional investors have recently made changes to their positions in R. BlackRock Inc. purchased a new stake in shares of Ryder System during the second quarter worth $1,060,749,000. Dimensional Fund Advisors LP lifted its stake in shares of Ryder System by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,621,947 shares of the transportation company’s stock worth $331,996,000 after buying an additional 6,652 shares in the last quarter. First Trust Advisors LP boosted its position in Ryder System by 81.5% during the first quarter. First Trust Advisors LP now owns 1,010,320 shares of the transportation company’s stock worth $206,822,000 after acquiring an additional 453,697 shares during the last quarter. Bank of America Corp DE acquired a new position in Ryder System during the second quarter worth about $207,689,000. Finally, Bank of New York Mellon Corp purchased a new stake in Ryder System during the 2nd quarter valued at about $136,320,000. 87.47% of the stock is owned by institutional investors and hedge funds.

Ryder System News Summary

Here are the key news stories impacting Ryder System this week:

• Positive Sentiment: Analyst upgrades are the primary bullish catalyst. JPMorgan raised Ryder from “Neutral” to “Overweight” and maintained a $298 price target, implying substantial upside from recent trading levels. Barclays also upgraded the shares to “Overweight” and lifted its target to $298 from $296. The revisions suggest improving confidence in Ryder’s earnings outlook and valuation. JPMorgan upgrade Barclays upgrade
• Positive Sentiment: Ryder is expanding its used-truck network in northern New Jersey. The company relocated its Kearny facility to a larger center in Newark and opened another center in North Bergen. The investments improve access to commercial vehicles in a major freight market and could support used-truck sales and customer reach. Ryder expands New Jersey used-truck centers
• Neutral Sentiment: The October 22 earnings report is the next major catalyst. Ryder’s current fiscal-year EPS guidance is $14.40–$14.80, with third-quarter guidance of $4.00–$4.20. Investors will focus on whether fleet demand, rental activity, used-vehicle pricing and margins support those targets. Ryder approaches October earnings
• Negative Sentiment: Sector conditions remain a headwind. Ryder’s move is occurring as the wider transportation sector weakens, and the shares are trading below both their 50-day and 200-day averages. That technical and industry pressure could limit gains unless earnings provide confirmation of the bullish analyst view. Transportation sector market update

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.