
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, attributed to new business growth, increased customer volumes, and effective pricing strategies. Additionally, the company experienced a 0.9% year-over-year revenue increase within its Fleet Management Solutions segment, specifically driven by higher revenue from ChoiceLease and SelectCare services despite a decline in commercial rental revenue. Finally, the significant 10% increase in tractor pricing, independent of sales, further underscores the company's strong position in the market and potential for continued financial growth.
Bears say
Ryder System Inc. has faced significant challenges, reporting a decline in earnings before taxes (EBT) by 5.3% year-over-year, amounting to $126 million, while the segment EBT margins remained below the company's long-term target at 9.8%. The company has also experienced losses on the sale of vehicles, attributed to the wholesaling of aging vehicles and a decline in used vehicle values, further exacerbating financial pressures. Additionally, a 2.0% year-over-year decrease in rental revenue, alongside a similar drop in the average active fleet count, highlights ongoing operational difficulties, despite a slight increase in rental utilization.
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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