Wells Fargo Raises Ryder System (R) Price Target to $305
Key Points
- Wells Fargo maintained an Overweight rating on Ryder System, Inc. on October 23, 2026, while lifting its price target to $305.00 from $300.00.
- Wells Fargo's $305 price target implies 14.86% upside from Ryder System, Inc.'s ($R) current $265.53 share price.
- Ryder System pays an annual dividend of $4.04 per share, translating to a dividend yield of 1.52% based on a payout ratio of 29.6%.
- Other Wall Street firms including Barclays and Stephens also adjusted their targets on the logistics provider following recent updates.
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Wells Fargo reiterated its Overweight rating on Ryder System, Inc. (NYSE:R) on October 23, 2026, and raised its price target to $305.00 from $300.00. The update from the firm comes as transportation and logistics providers navigate shifting market conditions.
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Ryder System, Inc.
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Wells Fargo's Call on Ryder System
On October 23, 2026, Wells Fargo issued a research note keeping its Overweight rating on Ryder System while moving its price target higher to $305.00 from the previous target of $300.00. An Overweight rating signals that the firm expects the stock to outperform the average return of the broader market or sector.
Other Institutional Activity in Ryder System
Large institutional funds have adjusted their holdings in the rental and leasing specialist over recent reporting periods. Earnest Partners LLC lowered its position by 39,961 shares, leaving it with 1,479,457 shares valued at about $392.8 million as of June 30, 2026. LSV Asset Management reduced its stake by 141,381 shares to end with 1,124,337 shares worth roughly $298.5 million. American Century Companies Inc trimmed its holdings by 40,193 shares, finishing the period with 858,989 shares valued at about $228.1 million.
Ryder System, Inc. Stock Up 10.5%
Ryder shares recently traded around $265.53 as of October 23, 2026, matching their close of $265.53 on October 22. The stock trades above its 50-day moving average of $242.59 and sits higher than its 200-day moving average of $235.01.
$R price target
Ryder System, Inc. daily closes and this analyst's $305 target. Not advice.
Recent Earnings
Ryder posted trailing twelve-month revenue of $13.08 billion alongside earnings of $13.13 per share. The company reported a net profit margin of 4.0% and a return on equity of 17.2%, with year-over-year revenue growth coming in at 8.3%. The next earnings report is scheduled for release on February 10, 2027.
Dividend
Ryder distributes an annual dividend of $4.04 per share, giving investors a dividend yield of 1.52%. The company allocates 29.6% of its earnings toward dividend payments through its payout ratio.
Insider Buying and Selling at Ryder System, Inc.
Company insiders completed several transactions earlier in the 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 roughly $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 each, while officer Robert D. Fatovic parted with 5,000 shares on May 29, 2026, at $249.85 per share.
Analysts Set New Price Targets
Wall Street firms have actively updated their outlooks on the company. JP Morgan upgraded the stock to Overweight with a $298.00 target on October 5, 2026. Citigroup moved its rating to Buy with a $285.00 target on October 8, 2026. On October 23, 2026, Barclays maintained an Overweight rating and lifted its target from $300.00 to $315.00, while Stephens & Co. kept an Overweight rating and raised its target from $280.00 to $305.00. Overall consensus data points to a buy recommendation with a mean price target of $297.00 across nine analyst opinions.
About Ryder System
Ryder System operates as a worldwide logistics and transportation provider, helping commercial clients manage their supply chains and fleets. The business runs through three main segments covering fleet management, supply chain solutions, and dedicated transportation services, making its operational health a key indicator for broader freight and shipping trends.
Bottom Line
Wells Fargo's upward revision to its price target highlights continued confidence in the transport provider. Investors will watch for upcoming financial results on February 10, 2027, to gauge how fleet management and logistics demand track moving forward.
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Source: Wells Fargo's rating change on $R (Oct 23, 2026). Written by software, not financial advice. How we make alerts