
Ryder System (R) Stock Forecast & Price Target
Ryder System (R) Analyst Ratings
Bulls say
Ryder System Inc. reported a year-over-year increase in operating revenue of 3.0%, predominantly attributed to new business, heightened customer volumes, and favorable pricing strategies. Notably, the company experienced a 0.9% rise in revenue driven by increased demand for ChoiceLease and SelectCare services, despite a decline in commercial rental revenue. Furthermore, excluding certain sales, the company saw a significant increase in tractor pricing by 10%, indicating strong pricing power and market demand in its fleet management segment.
Bears say
Ryder System Inc has reported significant challenges, including losses on the sale of vehicles attributed to the wholesaling of aging inventory and declining used vehicle values. The company experienced a year-over-year decrease in earnings before taxes (EBT) by 5.3% to $126 million, alongside EBT margins that, despite a slight improvement of 230 basis points, remained below the long-term target in the low teens, at 9.8% of operating revenue. Additionally, rental revenue faced a decline of 2.0% year-over-year, correlated with a 2.0% decrease in the average active fleet count, despite an increase in fleet utilization to 70%.
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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