JP Morgan Upgrades Ryder System to Overweight from Neutral
Fintel reports that on October 5, 2026, JP Morgan upgraded their outlook for Ryder System (NYSE:R) (XTRA:RYD) from Neutral to Overweight.
This rating action follows a prior action on July 24, 2026, when JP Morgan maintained its Neutral rating on the stock. Other recent analyst activities include Susquehanna maintaining its Positive rating on October 2, 2026, and Baird downgrading Ryder System from Outperform to Neutral on September 29, 2026.
On October 5, 2026, the latest close for Ryder System was $236.01. This follows a close of $237.24 on October 2, 2026, the session prior to the rating action. The stock experienced a price change of +0.89% over a one-week period, relative to a baseline close of $233.93 on September 28, 2026. Over a one-month period, the price change was -5.00% from a baseline close of $248.44 on September 4, 2026.
As of October 2, 2026, the current consensus target mean for the company was $292.67, and the median target was $292.74. The current mean target represents an implied change of +24.01% from the stock's price. This consensus target reflects a revision of -3.73% from the prior consensus target mean of $304.00 recorded on September 16, 2026.
Ryder System reported its latest earnings on July 23, 2026, with an actual EPS of 3.73 compared to the estimate of 3.7596, representing an EPS surprise of -0.79%. Actual revenue was $3,347,000,000.00, compared to the estimated $3,359,862,864.00. The company's upcoming earnings date is scheduled for October 22, 2026.
In the current recommendation period starting September 1, 2026, the aggregate analyst recommendations consisted of 4 strong buy, 9 buy, 5 hold, 0 sell, and 0 strong sell ratings. This total of 18 recommendations represents 72.2% positive, 27.8% hold, and 0.0% negative recommendations. This distribution is identical to the prior recommendation period starting August 1, 2026, which also recorded 4 strong buy, 9 buy, 5 hold, 0 sell, and 0 strong sell ratings, totaling 18 recommendations with 72.2% positive, 27.8% hold, and 0.0% negative recommendations.
Ryder System, Inc., based in the United States, is a leader in supply chain, dedicated transportation, and fleet management solutions. Founded in 1933, the company operates primarily in North America but maintains a presence globally through strategic partnerships and operations. Key projects typically include logistics management for automotive sectors, retail inventory distribution, and comprehensive leasing solutions for commercial transport vehicles.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 5, 2026 | JP Morgan | Neutral | Overweight | upgrade |
| October 2, 2026 | Susquehanna | Positive | Positive | maintained |
| September 29, 2026 | Baird | Outperform | Neutral | downgrade |
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This story originally appeared on Fintel.