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Ryder System (R) Stock Forecast & Price Target

$121.10
-3.51 (-2.82%)
(As of 05/22/2024 ET)

Ryder System - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 7 Analyst Ratings

Consensus Price Target

$126.83
4.73% Upside
High Forecast$140.00
Average Forecast$126.83
Low Forecast$120.00
TypeCurrent Forecast
5/24/23 to 5/23/24
1 Month Ago
4/24/23 to 4/23/24
3 Months Ago
2/23/23 to 2/23/24
1 Year Ago
5/24/22 to 5/24/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
1 Buy rating(s)
Hold
5 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$126.83$120.00$120.00$99.00
Forecasted Upside4.73% Upside10.70% Upside10.70% Upside10.22% Upside
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R Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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R Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Ryder System Stock vs. The Competition

TypeRyder SystemTransportation CompaniesS&P 500
Consensus Rating Score
2.29
2.51
2.49
Consensus RatingHoldModerate BuyHold
Predicted Upside4.73% Upside33.76% Upside8.72% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/24/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$122.00 ➝ $135.00+11.68%
4/24/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$120.00 ➝ $126.00+4.24%
4/24/2024Stephens
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 Boost TargetEqual Weight ➝ Equal Weight$113.00 ➝ $120.00-0.73%
2/15/2024Wells Fargo & Company
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Allison Poliniak
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Boost TargetEqual Weight ➝ Equal Weight$100.00 ➝ $120.00+8.87%
1/10/2024Vertical Research
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Jeff Kauffman
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DowngradeBuy ➝ Hold$120.00+6.64%
1/3/2024Robert W. Baird
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Garrett Holland
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Reiterated RatingBuy$140.00+18.04%
10/4/2023Wolfe Research
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Scott Group
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DowngradeOutperform ➝ Peer Perform
4/27/2023Stifel Nicolaus
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Bert Subin
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Lower TargetHold$107.00 ➝ $105.00+37.49%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:18 AM ET.

R Frequently Asked Questions

What is Ryder System's stock forecast and purchase recommendation?

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Ryder System is $126.83, with a high forecast of $140.00 and a low forecast of $120.00. The consensus rating for Ryder System stock is Hold based on the current 5 hold ratings and 2 buy ratings for R. Learn more on R's analyst rating history.

Do Wall Street analysts like Ryder System more than its competitors?

Analysts like Ryder System less than other "transportation" companies. The consensus rating for Ryder System is Hold while the average consensus rating for "transportation" companies is Moderate Buy. Learn more on how R compares to other companies.

Does Ryder System's stock price have much upside?

According to analysts, Ryder System's stock has a predicted upside of 8.10% based on their 12-month stock forecasts.

What analysts cover Ryder System?

Ryder System has been rated by research analysts at JPMorgan Chase & Co., Stephens, and The Goldman Sachs Group in the past 90 days.


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This page (NYSE:R) was last updated on 5/23/2024 by MarketBeat.com Staff

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