Morgan Stanley Raises Ryder System (NYSE:R) Price Target to $250.00

by · The Cerbat Gem

Ryder System (NYSE:R – Get Free Report) had its price target lifted by investment analysts at Morgan Stanley from $190.00 to $250.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Morgan Stanley’s price objective would suggest a potential upside of 34.56% from the stock’s previous close.

R has been the subject of several other reports. Weiss Ratings restated a “buy (b)” rating on shares of Ryder System in a report on Wednesday, October 8th. Wells Fargo & Company assumed coverage on Ryder System in a research report on Friday. They issued an “overweight” rating and a $210.00 price target for the company. JPMorgan Chase & Co. increased their target price on shares of Ryder System from $194.00 to $197.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Barclays raised their price target on Ryder System from $190.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Finally, Citigroup initiated coverage on shares of Ryder System in a report on Monday, September 22nd. They set a “buy” rating and a $217.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Ryder System presently has an average rating of “Moderate Buy” and an average price target of $203.30.

Get Our Latest Analysis on R

Ryder System Price Performance

NYSE:R traded down $0.60 on Monday, reaching $185.80. 127,669 shares of the company’s stock traded hands, compared to its average volume of 366,749. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.35. Ryder System has a 12 month low of $125.54 and a 12 month high of $195.48. The stock has a 50-day simple moving average of $175.49 and a 200-day simple moving average of $172.87. The firm has a market cap of $7.50 billion, a PE ratio of 15.72 and a beta of 0.97.

Ryder System (NYSE:R – Get Free Report) last posted its earnings results on Thursday, October 23rd. The transportation company reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.56 by $0.01. Ryder System had a return on equity of 17.69% and a net margin of 3.96%.The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same period in the previous year, the business earned $3.44 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Ryder System has set its Q4 2025 guidance at 3.500-3.700 EPS and its FY 2025 guidance at 12.850-13.050 EPS. Equities research analysts forecast that Ryder System will post 13.68 earnings per share for the current year.

Institutional Investors Weigh In On Ryder System

Hedge funds have recently modified their holdings of the company. Valeo Financial Advisors LLC boosted its holdings in Ryder System by 51,455.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,868,534 shares of the transportation company’s stock valued at $456,097,000 after purchasing an additional 2,862,970 shares during the last quarter. Norges Bank acquired a new stake in shares of Ryder System during the second quarter worth about $103,814,000. Wellington Management Group LLP grew its holdings in shares of Ryder System by 16.2% in the first quarter. Wellington Management Group LLP now owns 2,984,836 shares of the transportation company’s stock valued at $429,249,000 after purchasing an additional 415,103 shares in the last quarter. AQR Capital Management LLC increased its stake in Ryder System by 53.3% during the 3rd quarter. AQR Capital Management LLC now owns 720,108 shares of the transportation company’s stock worth $134,855,000 after buying an additional 250,432 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Ryder System by 369.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 196,968 shares of the transportation company’s stock worth $37,156,000 after buying an additional 155,007 shares in the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

About Ryder System

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Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.

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