Wall Street Zen Downgrades Ryder System (NYSE:R) to Buy

Ryder System (NYSE:R) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other analysts have also recently issued reports about the stock. Zacks Research cut shares of Ryder System from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Morgan Stanley upped their price objective on Ryder System from $263.00 to $280.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Barclays lifted their target price on Ryder System from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Wells Fargo & Company raised their price objective on Ryder System from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Finally, Citizens Jmp began coverage on Ryder System in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $294.14.

Ryder System Price Performance

Shares of R opened at $243.67 on Friday. The firm has a market cap of $9.34 billion, a PE ratio of 19.83 and a beta of 1.01. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.91. The firm has a fifty day simple moving average of $258.51 and a two-hundred day simple moving average of $242.15. Ryder System has a 1-year low of $157.67 and a 1-year high of $284.25.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Keating Financial Advisory Services Inc. bought a new stake in shares of Ryder System in the second quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Ryder System during the second quarter valued at approximately $30,000. Cedar Mountain Advisors LLC grew its holdings in Ryder System by 522.7% during the 1st quarter. Cedar Mountain Advisors LLC now owns 137 shares of the transportation company’s stock valued at $28,000 after buying an additional 115 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Ryder System by 36.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 160 shares of the transportation company’s stock valued at $42,000 after buying an additional 43 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Ryder System in the 4th quarter worth approximately $31,000. 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 services. The company serves commercial customers across industries, helping them manage the movement, storage and delivery of goods through integrated transportation and logistics solutions.

Ryder’s fleet management offerings include commercial truck leasing, rental, maintenance and related support services. It also sells used vehicles and provides technology designed to help customers monitor fleets, improve utilization and manage transportation operations.