Citigroup Raises Ryder System (R) Price Target to $302
Key Points
- Citigroup maintained its Buy rating on Ryder System, Inc. on October 23, 2026, and raised its price target from $285.00 to $302.00.
- Citigroup's $302 price target implies 13.73% upside from Ryder System, Inc.'s ($R) current $265.53 share price.
- Ryder System recently traded at $265.53 with a market capitalization of roughly $10.18 billion and a trailing-twelve-month EPS of $13.13.
- The company distributes an annual dividend rate of $4.04 per share, translating to a 1.52% dividend yield.
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Citigroup maintained its Buy rating on Ryder System, Inc. (NYSE: R) on October 23, 2026, raising its price target to $302.00 from $285.00. The research note arrived alongside similar updates from several other major Wall Street firms tracking the transportation and logistics provider.
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Ryder System, Inc.
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Citigroup's Call on Ryder System
In its research note published on October 23, 2026, Citigroup kept a Buy rating on Ryder System while lifting its price target from $285.00 to $302.00. The firm joins a wave of analysts adjusting their targets following recent updates from the company.
Other Institutional Activity in Ryder System
Large financial institutions adjusted their positions in Ryder System during the middle of the year. Earnest Partners LLC trimmed its holdings by 39,961 shares, ending with 1,479,457 shares valued at about $400.78 million. LSV Asset Management cut its stake by 141,381 shares to finish with 1,124,337 shares worth roughly $304.58 million. American Century Companies Inc reduced its position by 40,193 shares, leaving it with 858,989 shares valued at about $232.70 million.
Ryder System, Inc. Stock Up 10.5%
Ryder System shares recently traded around $265.53 as of October 23, 2026, after closing at $270.90 on the day of the rating change. The stock trades above its 50-day moving average of $242.59 and its 200-day moving average of $235.01.
$R price target
Ryder System, Inc. daily closes and this analyst's $302 target. Not advice.
Recent Earnings
Ryder System generated $13.08 billion in trailing-twelve-month revenue with a net profit margin of 4.0%. The company posted a trailing-twelve-month EPS of $13.13 and a return on equity of 17.2%. The next quarterly earnings report is scheduled for release on February 10, 2027.
Dividend
Ryder System supports its shareholder returns with an annual dividend rate of $4.04 per share, which represents a dividend yield of 1.52%. The payout ratio sits at 29.6%, indicating that a modest portion of earnings goes toward dividend distributions.
Insider Buying and Selling at Ryder System, Inc.
Company insiders completed several stock sales prior to the autumn rating updates. President John J. Diez sold 9,632 shares on February 25, 2026, at an average price of $222.20 for a total value of about $2.14 million. Director Luis P. Nieto Jr. disposed of 720 shares on May 4, 2026, at $235.79 per share. Officer Sanford J. Hodes sold 595 shares on May 28, 2026, at $251.95, while officer Robert D. Fatovic sold 5,000 shares on May 29, 2026, at $249.85.
Analysts Set New Price Targets
Wall Street firms updated their outlooks on October 23, 2026. JP Morgan maintained its Overweight rating and raised its target from $298.00 to $315.00. Wells Fargo kept an Overweight rating while lifting its target to $305.00 from $300.00. Barclays maintained an Overweight rating with a target increase to $315.00 from $300.00, and Stephens & Co. kept an Overweight rating while moving its target from $280.00 to $305.00. Overall, the stock carries a consensus buy recommendation across nine analyst opinions.
About Ryder System
Ryder System operates as a global logistics and transportation provider headquartered in Coral Gables, Florida. The company manages commercial fleets, supply chain networks, and dedicated transportation operations through its primary business segments, helping businesses streamline their freight and distribution needs.
Bottom Line
Citigroup's decision to lift its price target to $302.00 reflects continued optimism from major financial institutions regarding Ryder System's operational path. Investors will look toward the upcoming earnings release on February 10, 2027, for further insight into fleet management performance and profitability trends.
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Source: Citigroup's rating change on $R (Oct 23, 2026). Written by software, not financial advice. How we make alerts