Ryder System

R · NYSE

$237.38+$1.34 (+0.57%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $236.04

R analyst rating

BuyConsensus of 8 analysts over the last 12 months. 75% rate it a buy.

Strong buy0
Buy6
Hold2
Underperform0
Sell0

12-month price target · 12 analysts

Average $292.67 (+23.3% upside)

Low: $247.45
Now: $237.38
High: $336.00

Upgrades and downgrades

The latest rating actions, newest first

R analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Citigroup	Oct 8, 2026	Upgrade	Neutral → Buy	$283.00 → $285.00	68%
JP Morgan	Oct 5, 2026	Upgrade	Neutral → Overweight	$296.00 → $298.00	56%
Susquehanna	Oct 2, 2026	Maintains	Positive	$310.00 → $280.00	52%
Baird	Sep 29, 2026	Downgrade	Outperform → Neutral	$290.00 → $245.00	17%
Barclays	Jul 29, 2026	Maintains	Overweight	$290.00 → $300.00	50%
Citigroup	Jul 24, 2026	Maintains	Neutral	$280.00 → $283.00	68%
JP Morgan	Jul 24, 2026	Maintains	Neutral	$259.00 → $296.00	56%
Wells Fargo	Jul 24, 2026	Maintains	Overweight	$290.00 → $300.00	29%
Susquehanna	Jul 24, 2026	Maintains	Positive	$290.00 → $310.00	52%
Citigroup	Jul 10, 2026	Downgrade	Buy → Neutral	$276.00 → $280.00	68%

The case for and against

Updated Jan 19, 2026

Bull case

Ryder System Inc reported a 3.0% year-over-year increase in operating revenue, primarily attributed to new business acquisition, increased customer volumes, and effective pricing strategies. In addition, the company experienced a 0.9% rise in revenue, largely driven by higher earnings from its ChoiceLease and SelectCare services, despite a decline in commercial rental revenue. Notably, tractor pricing saw a significant increase of 10%, indicating strong demand dynamics within the fleet management sector.

Bear case

Ryder System Inc. continues to experience financial difficulties, particularly evident in its reported losses from the sale of aging vehicles due to declining used values, which negatively impacts overall profitability. The company's earnings before tax (EBT) decreased by 5.3% year-over-year to $126 million, while the EBT margins, despite a 230 basis point increase, remain below the long-term target in the low teens. Additionally, a 2.0% year-over-year decline in rental revenue, driven by a corresponding decrease in the average active fleet count, further highlights challenges facing the company's operational performance.

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