These Analysts Boost Their Forecasts On Ryder After Upbeat Q3 Results

Ryder System (NYSE:R) reported better-than-expected third-quarter financial results on Thursday.

Ryder System reported quarterly earnings of $4.33 per share which beat the analyst consensus estimate of $4.15 per share. The company reported quarterly sales of $3.433 billion which beat the analyst consensus estimate of $3.356 billion.

Ryder System raised its FY2026 adjusted EPS guidance from $14.40-$14.80 to $14.85-$15.05 and affirmed sales guidance of $10.718 billion.

“Ryder delivered double-digit earnings growth in the third quarter, marking our eighth consecutive quarter of earnings-per-share growth,” says Ryder Chief Executive Officer John Diez. “Strong operating results reflected execution of strategic initiatives and improving performance in used vehicle sales and rental. We are on track to deliver ROE above 18% and over $70 million in benefits from strategic initiatives in 2026.”

Ryder shares gained 1.6% to trade at $269.67 on Friday.

These analysts made changes to their price targets on Ryder following earnings announcement..

• Stephens & Co. analyst Bascome Majors maintained the stock with an Overweight rating and raised the price target from $280 to $305.
• Barclays analyst Brandon Oglenski maintained the stock with an Overweight rating and raised the price target from $300 to $315.
• Wells Fargo analyst Robert Salmon maintained the stock with an Overweight rating and raised the price target from $300 to $305.
• JP Morgan analyst Brian Ossenbeck maintained the stock with an Overweight rating and raised the price target from $298 to $315.
• Citigroup analyst Ben Mohr maintained the stock with a Buy and raised the price target from $285 to $302.

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