Stephens & Co. Maintains Ryder System (R) Equal-Weight Recommendation
Fintel reports that on October 27, 2023, Stephens & Co. maintained coverage of Ryder System (NYSE:R) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 21.63% Upside
As of October 5, 2023, the average one-year price target for Ryder System is 112.37. The forecasts range from a low of 101.00 to a high of $123.90. The average price target represents an increase of 21.63% from its latest reported closing price of 92.39.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ryder System is 12,173MM, an increase of 2.74%. The projected annual non-GAAP EPS is 11.09.
What is the Fund Sentiment?
There are 775 funds or institutions reporting positions in Ryder System. This is a decrease of 28 owner(s) or 3.49% in the last quarter. Average portfolio weight of all funds dedicated to R is 0.16%, a decrease of 8.37%. Total shares owned by institutions decreased in the last three months by 4.76% to 42,455K shares. 
The put/call ratio of R is 0.73, indicating a bullish outlook.
What are Other Shareholders Doing?
HG Vora Capital Management holds 5,050K shares representing 11.39% ownership of the company. No change in the last quarter.
Earnest Partners holds 1,627K shares representing 3.67% ownership of the company. In it's prior filing, the firm reported owning 1,745K shares, representing a decrease of 7.28%. The firm decreased its portfolio allocation in R by 14.41% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 1,410K shares representing 3.18% ownership of the company. In it's prior filing, the firm reported owning 1,550K shares, representing a decrease of 9.93%. The firm decreased its portfolio allocation in R by 17.21% over the last quarter.
Lsv Asset Management holds 1,383K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 1,359K shares, representing an increase of 1.77%. The firm decreased its portfolio allocation in R by 4.91% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,371K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 1,360K shares, representing an increase of 0.83%. The firm decreased its portfolio allocation in R by 11.61% over the last quarter.
Ryder System Background Information
(This description is provided by the company.)
Ryder System, Inc. is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including full service leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfillment, and last mile delivery services, to some of the world's most-recognized brands. Ryder provides services throughout the United States, Mexico, Canada, and the United Kingdom. In addition, Ryder manages more than 250,000 commercial vehicles and operates more than 300 warehouses encompassing approximately 55 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmentally friendly solutions, corporate social responsibility, world-class safety and security programs, military veteran recruitment initiatives, and the hiring of a diverse workforce.
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This story originally appeared on Fintel.