Ryder System (R) Stock Forecast, Price Target & Predictions


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R Stock Forecast


Ryder System stock forecast is as follows: an average price target of $124.60 (represents a -15.36% downside from R’s last price of $147.22) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.

R Price Target


The average price target for Ryder System (R) is $124.60 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $165.00 to $68.00. This represents a potential -15.36% downside from R's last price of $147.22.

R Analyst Ratings


Buy

According to 6 Wall Street analysts, Ryder System's rating consensus is 'Buy'. The analyst rating breakdown for R stock is 0 'Strong Buy' (0.00%), 3 'Buy' (50.00%), 2 'Hold' (33.33%), 0 'Sell' (0.00%), and 1 'Strong Sell' (16.67%).

Ryder System Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jul 26, 2024Garrett HollandRobert W. Baird$155.00$132.0017.42%5.28%
Jun 24, 2024Christyne McGarveyMorgan Stanley$165.00$121.0036.36%12.08%
Jun 14, 2024Jeffrey KauffmanVertical Research$145.00$120.1920.64%-1.51%
Jun 17, 2022Bert SubinStifel Nicolaus$90.00$71.5525.79%-38.87%
Apr 28, 2022-Wells Fargo$68.00$70.96-4.17%-53.81%
Feb 18, 2022Joseph DeNardiStifel Nicolaus$93.00$78.6818.20%-36.83%
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The latest Ryder System stock forecast, released on Jul 26, 2024 by Garrett Holland from Robert W. Baird, set a price target of $155.00, which represents a 17.42% increase from the stock price at the time of the forecast ($132.00), and a 5.28% increase from R last price ($147.22).

Ryder System Price Target by Period


1M3M12M
# Anlaysts--3
Avg Price Target--$155.00
Last Closing Price$147.22$147.22$147.22
Upside/Downside-100.00%-100.00%5.28%

In the current month, the average price target of Ryder System stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Ryder System's last price of $147.22. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Jun 24, 2024Morgan StanleyUnderweightOverweightInitialise
Jun 14, 2024Vertical Research-BuyUpgrade
Oct 27, 2023StephensEqual-WeightEqual-WeightHold
Jul 13, 2023Wells FargoEqual-WeightEqual-WeightHold
Jan 10, 2023Wolfe Research-OutperformUpgrade
Apr 28, 2022Wells FargoEqual-WeightEqual-WeightHold
Apr 26, 2022Zacks Investment Research-Strong SellDowngrade
Apr 26, 2022Zacks Investment Research-HoldUpgrade
Apr 26, 2022Zacks Investment Research-BuyUpgrade
Apr 26, 2022Morgan Stanley-UnderweightDowngrade
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Ryder System's last stock rating was published by Morgan Stanley on Jun 24, 2024. The company Initialise its R rating from "Underweight" to "Overweight".

Ryder System Financial Forecast


Ryder System Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
Revenue---------$2.92B$2.88B$3.02B$3.18B$3.15B$3.16B$2.97B$2.60B$2.46B$2.38B$2.22B$2.21B$2.15B$1.90B$2.16B$2.28B$2.22B$2.24B$2.18B$1.90B$1.75B
Avg Forecast$3.50B$3.39B$3.37B$3.29B$3.31B$3.29B$3.24B$3.10B$2.98B$3.01B$3.05B$2.99B$3.01B$2.99B$2.89B$2.57B$2.49B$2.37B$2.22B$2.14B$2.22B$2.01B$1.98B$2.12B$2.26B$2.22B$2.25B$2.14B$1.82B$1.81B
High Forecast$3.59B$3.48B$3.46B$3.37B$3.44B$3.29B$3.24B$3.12B$3.08B$3.23B$3.13B$3.06B$3.09B$2.99B$2.89B$2.57B$2.49B$2.37B$2.22B$2.14B$2.22B$2.01B$1.98B$2.12B$2.26B$2.22B$2.25B$2.14B$2.18B$2.17B
Low Forecast$3.45B$3.34B$3.32B$3.24B$3.20B$3.29B$3.24B$3.08B$2.89B$2.89B$3.00B$2.94B$2.97B$2.99B$2.89B$2.57B$2.49B$2.37B$2.22B$2.14B$2.22B$2.01B$1.98B$2.12B$2.26B$2.22B$2.25B$2.14B$1.46B$1.45B
# Analysts1111311126334444333334544343818
Surprise %---------0.97%0.94%1.01%1.06%1.05%1.09%1.15%1.05%1.04%1.07%1.04%1.00%1.07%0.96%1.02%1.01%1.00%1.00%1.02%1.05%0.96%

Ryder System's average Quarter revenue forecast for Dec 23 based on 2 analysts is $2.98B, with a low forecast of $2.89B, and a high forecast of $3.08B. R's average Quarter revenue forecast represents a 1.80% increase compared to the company's last Quarter revenue of $2.92B (Sep 23).

Ryder System EBITDA Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts1111311126334444333334544343818
EBITDA---------$160.00M$-18.00M$241.00M$336.00M$388.70M$404.00M$318.60M$735.47M$692.93M$686.42M$600.51M$682.66M$604.27M$462.36M$514.37M$452.35M$588.72M$588.33M$548.79M$435.83M$414.76M
Avg Forecast$329.81M$319.39M$317.52M$309.70M$311.72M$310.02M$305.05M$487.66M$280.10M$283.08M$287.17M$443.33M$521.80M$281.75M$271.98M$403.03M$233.90M$222.57M$209.30M$381.47M$208.60M$188.91M$186.36M$428.35M$212.62M$209.32M$212.08M$475.99M$415.80M$429.40M
High Forecast$338.13M$327.44M$325.53M$317.52M$323.71M$310.03M$305.05M$585.20M$289.62M$303.49M$294.42M$532.00M$626.16M$281.75M$271.98M$483.63M$233.90M$222.57M$209.30M$457.76M$208.60M$188.91M$186.36M$514.02M$212.62M$209.32M$212.08M$571.19M$498.96M$515.28M
Low Forecast$324.65M$314.39M$312.55M$304.86M$300.65M$310.02M$305.05M$390.13M$271.52M$272.15M$282.68M$354.67M$417.44M$281.75M$271.98M$322.42M$233.90M$222.57M$209.30M$305.17M$208.60M$188.91M$186.36M$342.68M$212.62M$209.32M$212.08M$380.79M$332.64M$343.52M
Surprise %---------0.57%-0.06%0.54%0.64%1.38%1.49%0.79%3.14%3.11%3.28%1.57%3.27%3.20%2.48%1.20%2.13%2.81%2.77%1.15%1.05%0.97%

2 analysts predict R's average Quarter EBITDA for Dec 23 to be $280.10M, with a high of $289.62M and a low of $271.52M. This is 75.06% upper than Ryder System's previous annual EBITDA (Sep 23) of $160.00M.

Ryder System Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts1111311126334444333334544343818
Net Income---------$161.00M$-18.00M$139.00M$206.00M$246.00M$239.40M$175.60M$181.79M$138.05M$149.10M$50.83M$25.63M$35.83M$-74.10M$-109.61M$-53.49M$-91.45M$75.22M$45.32M$33.51M$38.15M
Avg Forecast$176.00M$166.03M$150.64M$113.59M$151.11M$152.41M$128.14M$111.90M$122.41M$143.71M$129.12M$101.73M$128.46M$162.98M$179.84M$92.48M$110.67M$93.22M$62.11M$32.29M$42.40M$-14.48M$-57.54M$-91.28M$1.15M$66.67M$62.39M$39.30M$31.96M$39.50M
High Forecast$181.77M$171.48M$155.58M$117.32M$151.99M$153.11M$128.14M$134.28M$124.64M$158.88M$133.35M$122.07M$154.15M$162.98M$179.84M$110.98M$110.67M$93.22M$62.11M$38.74M$42.40M$-14.48M$-57.54M$-73.03M$1.15M$66.67M$62.39M$47.17M$38.36M$47.39M
Low Forecast$172.42M$162.66M$147.57M$111.28M$150.23M$151.72M$128.14M$89.52M$119.74M$137.01M$126.49M$81.38M$102.76M$162.98M$179.84M$73.98M$110.67M$93.22M$62.11M$25.83M$42.40M$-14.48M$-57.54M$-109.54M$1.15M$66.67M$62.39M$31.44M$25.57M$31.60M
Surprise %---------1.12%-0.14%1.37%1.60%1.51%1.33%1.90%1.64%1.48%2.40%1.57%0.60%-2.48%1.29%1.20%-46.60%-1.37%1.21%1.15%1.05%0.97%

Ryder System's average Quarter net income forecast for Dec 23 is $122.41M, with a range of $119.74M to $124.64M. R's average Quarter net income forecast represents a -23.97% decrease compared to the company's last Quarter net income of $161.00M (Sep 23).

Ryder System SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts1111311126334444333334544343818
SG&A---------$347.00M$343.00M$363.00M$362.00M$349.60M$360.70M$303.20M$287.94M$255.59M$269.27M$241.73M$279.52M$218.38M$209.50M$224.12M$233.67M$216.04M$226.42M$231.32M$208.05M$209.09M
Avg Forecast$388.63M$376.35M$374.15M$364.94M$367.31M$365.32M$359.46M$193.24M$330.05M$333.57M$338.39M$175.67M$204.29M$332.00M$320.49M$159.70M$275.61M$262.27M$246.63M$153.56M$245.81M$222.60M$219.59M$186.64M$250.54M$246.65M$249.91M$200.64M$198.48M$216.47M
High Forecast$398.43M$385.84M$383.59M$374.15M$381.44M$365.32M$359.46M$231.89M$341.28M$357.62M$346.93M$210.81M$245.14M$332.00M$320.49M$191.64M$275.61M$262.27M$246.63M$184.27M$245.81M$222.60M$219.59M$223.97M$250.54M$246.65M$249.91M$240.77M$238.18M$259.76M
Low Forecast$382.55M$370.46M$368.30M$359.23M$354.27M$365.32M$359.46M$154.59M$319.95M$320.69M$333.10M$140.54M$163.43M$332.00M$320.49M$127.76M$275.61M$262.27M$246.63M$122.85M$245.81M$222.60M$219.59M$149.31M$250.54M$246.65M$249.91M$160.51M$158.79M$173.18M
Surprise %---------1.04%1.01%2.07%1.77%1.05%1.13%1.90%1.04%0.97%1.09%1.57%1.14%0.98%0.95%1.20%0.93%0.88%0.91%1.15%1.05%0.97%

Ryder System's average Quarter SG&A projection for Dec 23 is $330.05M, based on 2 Wall Street analysts, with a range of $319.95M to $341.28M. The forecast indicates a -4.88% fall compared to R last annual SG&A of $347.00M (Sep 23).

Ryder System EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17
# Analysts1111311126334444333334544343818
EPS---------$3.51$-0.39$2.99$4.45$4.90$4.68$3.43$3.38$2.57$2.77$0.97$0.48$0.66$-1.38$-2.04$-1.00$-1.72$1.43$0.85$0.63$0.72
Avg Forecast$3.94$3.72$3.38$2.54$3.39$3.41$2.87$1.78$2.74$3.22$2.89$2.96$3.50$3.65$4.03$2.36$2.48$2.09$1.39$0.58$0.95$-0.32$-1.29$-0.85$0.03$1.49$1.40$1.00$0.83$0.88
High Forecast$4.07$3.84$3.49$2.63$3.41$3.43$2.87$1.82$2.79$3.56$2.99$3.06$3.61$3.65$4.03$2.36$2.48$2.09$1.39$0.58$0.95$-0.32$-1.29$-0.85$0.03$1.49$1.40$1.00$1.00$1.06
Low Forecast$3.86$3.64$3.31$2.49$3.37$3.40$2.87$1.75$2.68$3.07$2.83$2.90$3.43$3.65$4.03$2.36$2.48$2.09$1.39$0.58$0.95$-0.32$-1.29$-0.85$0.03$1.49$1.40$1.00$0.66$0.70
Surprise %---------1.09%-0.13%1.01%1.27%1.34%1.16%1.45%1.36%1.23%1.99%1.67%0.50%-2.05%1.07%2.41%-39.05%-1.15%1.02%0.85%0.76%0.82%

According to 2 Wall Street analysts, Ryder System's projected average Quarter EPS for Dec 23 is $2.74, with a low estimate of $2.68 and a high estimate of $2.79. This represents a -21.86% decrease compared to R previous annual EPS of $3.51 (Sep 23).

Ryder System Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ALTGAlta Equipment Group$6.67$20.00199.85%Hold
CTOSCustom Truck One Source$4.11$6.6361.31%Buy
AANAaron's Company$10.09$13.0329.14%Hold
ALAir Lease$44.37$54.0021.70%Buy
PRGPROG$44.71$54.0020.78%Buy
MGRCMcGrath RentCorp$115.54$120.003.86%Buy
HRIHerc$207.00$197.25-4.71%Buy
AERAerCap$93.94$81.33-13.42%Buy
RRyder System$147.22$124.60-15.36%Buy

R Forecast FAQ


Yes, according to 6 Wall Street analysts, Ryder System (R) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 50.00% of R's total ratings.

Ryder System (R) average price target is $124.6 with a range of $68 to $165, implying a -15.36% from its last price of $147.22. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for R stock, the company can go down by -15.36% (from the last price of $147.22 to the average price target of $124.6), up by 12.08% based on the highest stock price target, and down by -53.81% based on the lowest stock price target.

R's average twelve months analyst stock price target of $124.6 does not support the claim that Ryder System can reach $200 in the near future.

Ryder System's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $12.95B (high $13.09B, low $12.81B), average EBITDA is $1.41B (high $1.52B, low $1.31B), average net income is $543.56M (high $567.52M, low $519.61M), average SG&A $1.29B (high $1.34B, low $1.23B), and average EPS is $11.46 (high $11.53, low $11.38). R's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $13.57B (high $13.91B, low $13.35B), average EBITDA is $1.28B (high $1.31B, low $1.26B), average net income is $606.26M (high $626.15M, low $593.94M), average SG&A $1.5B (high $1.54B, low $1.48B), and average EPS is $13.58 (high $14.03, low $13.31).

Based on Ryder System's last annual report (Dec 2022), the company's revenue was $12.46B, beating the average analysts forecast of $11.47B by 8.63%. Apple's EBITDA was $1.45B, missing the average prediction of $1.48B by -2.20%. The company's net income was $867M, beating the average estimation of $563.76M by 53.79%. Apple's SG&A was $1.42B, beating the average forecast of $1.02B by 39.21%. Lastly, the company's EPS was $18.73, beating the average prediction of $13.54 by 38.35%. In terms of the last quarterly report (Sep 2023), Ryder System's revenue was $2.92B, missing the average analysts' forecast of $3.01B by -2.81%. The company's EBITDA was $160M, missing the average prediction of $283.08M by -43.48%. Ryder System's net income was $161M, beating the average estimation of $143.71M by 12.03%. The company's SG&A was $347M, beating the average forecast of $333.57M by 4.03%. Lastly, the company's EPS was $3.51, beating the average prediction of $3.22 by 9.02%