JP Morgan Raises Ryder System (R) Price Target to $315

JP Morgan reaffirmed its Overweight rating on Ryder System, Inc. (NYSE: R) on October 23, 2026, and lifted its price target to $315.00 from $298.00. The research note arrived alongside a wave of similar updates from major financial firms tracking the transportation provider. Ryder closed at $265.70 on the day of the announcement.

R Ryder System, Inc.

$265.53 ▲ +38.43% year to date

1M 3M YTD

Daily close · Oct 22, 2026

JP Morgan's Call on Ryder System

In its October 23 research note, JP Morgan maintained its positive stance on the logistics company while bumping its target higher. The firm moved its target up from $298.00 to $315.00, keeping an Overweight rating in place. Analysts across Wall Street have taken a generally upbeat tone on the fleet management and supply chain expert as it navigates demand across its operating segments.

Other Institutional Activity in Ryder System

Earnest Partners LLC trimmed its holdings by 39,961 shares, ending with 1,479,457 shares worth about $393,091,742.00. LSV Asset Management lowered its position by 141,381 shares for a total of 1,124,337 shares valued at roughly $298,736,354.00. American Century Companies Inc reduced its stake by 40,193 shares, leaving it with 858,989 shares valued at approximately $228,233,387.00.

Ryder System, Inc. Stock Up 10.5%

Ryder shares recently traded near $265.53, sitting about 0.1% below their close of $265.70 on the date of the rating update. The stock rests comfortably above its 50-day moving average of $242.59 and its 200-day moving average of $235.01. At the same time, the equity trades below its 52-week high of $284.25 while staying well above its 52-week low of $157.67.

Recent Earnings

Ryder reported trailing twelve month revenue of $13,080,999,936.00 and basic earnings per share of $13.13. The firm generated a return on equity of 17.2% and a net profit margin of 4.0%. Investors look toward the next earnings release scheduled for February 10, 2027.

Dividend

The company pays an annual dividend of $4.04 per share, which translates to a dividend yield of 1.52%. That payout consumes 29.6% of earnings based on its dividend payout ratio.

Insider Buying and Selling at Ryder System, Inc.

Company insiders completed several transactions over the prior year. President John J. Diez sold 9,632 shares on February 25, 2026, at an average price of $222.20 for a total value of $2,140,230.00. Director Luis P. Nieto Jr. sold 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 per share. Officer Robert D. Fatovic sold 5,000 shares on May 29, 2026, at $249.85 per share for a total value of $1,249,250.00.

Analysts Set New Price Targets

Citigroup upgraded the stock to a Buy rating on October 8, 2026, while lifting its target to $285.00 from $283.00. Wells Fargo maintained an Overweight rating on October 23, 2026, raising its target to $305.00 from $300.00. Barclays kept an Overweight rating on October 23, 2026, boosting its target to $315.00 from $300.00. Stephens & Co. maintained an Overweight rating on October 23, 2026, lifting its target to $305.00 from $280.00. Overall, the stock holds a consensus buy recommendation across nine analyst opinions with a mean target price of $297.00.

About Ryder System

Ryder System, Inc. operates as a supply chain, dedicated transportation, and fleet management provider across the globe. It serves commercial clients through three core business segments, helping them manage trucks, leases, and distribution networks. Analysts monitor these operations closely to gauge broader shipping and industrial demand.

Bottom Line

JP Morgan's updated target highlights continued confidence in Ryder's operational path. Investors will track upcoming earnings reports and institutional filing updates for further clues on the company's trajectory.