
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%, primarily supported by new business acquisition, higher customer volumes, and improved pricing strategies. Furthermore, the Company experienced a notable gain in ChoiceLease and SelectCare revenues, contributing to a 0.9% increase in operating revenue in specific segments despite a decline in commercial rental revenue. Additionally, the firm saw a significant 10% rise in tractor pricing, indicating strong demand and pricing power in its operations.
Bears say
Ryder System Inc has faced challenges due to losses on the sale of vehicles, exacerbated by the ongoing wholesaling of aging inventory and declining used vehicle values reaching residual levels. The company's earnings before tax (EBT) decreased by 5.3% year-over-year to $126 million, while segment EBT margins, though increasing by 230 basis points year-over-year to 9.8% of operating revenue, remain below the long-term target of low teens. Additionally, a 2.0% year-over-year decline in rental revenue, driven by a similar decrease in the average active fleet count, underscores potential operational weaknesses despite improvements in fleet 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
Start investing in Ryder System (R)
Order type
Buy in
Order amount
Est. shares
0 shares