
Ryder System (R) Stock Forecast & Price Target
Ryder System (R) Analyst Ratings
Bulls say
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.
Bears say
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.
This aggregate rating is based on analysts' research of Ryder System and is not a guaranteed prediction by Public.com or investment advice.
Ryder System (R) Analyst Forecast & Price Prediction
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