Investment analysts at Wells Fargo & Company have initiated coverage on shares of Ryder System (NYSE:R), assigning an “overweight” rating and setting a price target of $210.00. This target suggests a potential upside of approximately 16.66% from the stock’s previous closing price. The announcement was made in a note issued to investors on Friday, indicating positive sentiment towards the transportation company.
Analysts from various firms have also weighed in on Ryder System. On October 8, Weiss Ratings reiterated a “buy (b)” rating for the stock. Earlier, on September 22, Citigroup initiated coverage and established a price target of $217.00 while maintaining a “buy” rating. Following this, on October 3, Wall Street Zen upgraded its rating from “hold” to “buy.” Additionally, Barclays raised its target price from $190.00 to $220.00, also assigning an “overweight” rating. JPMorgan Chase & Co. adjusted its price objective from $194.00 to $197.00, issuing a “neutral” rating on October 24.
Currently, one analyst has rated Ryder System with a “Strong Buy” rating, while nine others have issued a “Buy” rating. Two analysts assigned a “Hold” rating, reflecting a consensus rating of “Moderate Buy” with an average target price of $197.30, according to data from MarketBeat.
Latest Earnings Results and Forecasts
Ryder System recently released its quarterly earnings on October 23, reporting earnings per share (EPS) of $3.57. This figure surpassed analysts’ expectations of $3.56 by a narrow margin of $0.01. The company reported a revenue of $2.61 billion for the quarter, falling short of the forecasted $3.19 billion. Ryder System’s net margin stood at 3.96%, with a return on equity of 17.69%. Compared to the same quarter last year, the company’s revenue increased by 0.1%, while EPS from the previous year was $3.44.
Looking ahead, Ryder System has provided guidance for Q4 2025, estimating EPS between $3.500 and $3.700. For the full fiscal year 2025, the company projects EPS in the range of $12.850 to $13.050. Analysts predict that Ryder System will report an EPS of $13.68 for the current fiscal year.
Institutional Activity and Market Position
Recent changes in institutional holdings indicate a growing interest in Ryder System. Avantax Advisory Services Inc. increased its stake in the company by 7.5% in the first quarter, now owning 1,854 shares valued at approximately $267,000. LPL Financial LLC raised its holdings by 31.7%, owning 19,168 shares now worth around $2.76 million.
Other significant moves include PNC Financial Services Group Inc., which boosted its position by 18.0%, now holding 2,219 shares valued at $319,000, and New Age Alpha Advisors LLC, which grew its stake by 62.6% to 896 shares worth approximately $129,000. Notably, Ontario Teachers Pension Plan Board increased its position by 63.0%, owning 4,378 shares valued at around $630,000.
Overall, institutional investors and hedge funds now hold approximately 87.47% of Ryder System’s stock, reflecting strong confidence in the company’s future prospects as it continues to navigate the competitive logistics and transportation sector.
