
Ryder System (R) Stock Forecast & Price Target
Ryder System (R) Analyst Ratings
Bulls say
Ryder System Inc. has demonstrated a positive trend in operating revenue, which increased 3.0% year-over-year, attributed to new business initiatives, heightened customer volumes, and improved pricing strategies. The company's Fleet Management Solutions segment contributed to this growth, marked by a 0.9% year-over-year revenue increase driven by higher ChoiceLease and SelectCare offerings, alongside a notable 10% increase in tractor pricing, despite a decline in commercial rental revenue. These factors collectively indicate a robust operational performance and an optimistic outlook for Ryder System's financial future.
Bears say
Ryder System Inc. reported a decline in earnings before tax (EBT) of 5.3% year-over-year to $126 million, with segment EBT margins of 9.8% remaining below the company's long-term target for low teens margins. The company has experienced losses on the sale of aging vehicles due to declining used vehicle values, indicating challenges in inventory management and asset disposition. Furthermore, rental revenue decreased by 2.0% year-over-year, driven by a reduction in the average active fleet count, despite a marginal increase in utilization rates, reflecting ongoing operational difficulties in fleet management.
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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