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Investing.com - Wolfe Research has reduced its price target for Ryder Systems (NYSE:R) to $197.00 from $221.00 while maintaining an Outperform rating on the stock. The target remains within the broader analyst range of $190-225, with InvestingPro data showing the $6.53B market cap company currently trading at $160.20.
The research firm cited its early analysis of 2026 performance, noting that Ryder expects approximately $50 million of tailwinds next year from strategic initiatives, including another year of maintenance cost savings.
Wolfe Research anticipates continued earnings per share tailwinds from share buybacks and Supply Chain Solutions (SCS) revenue growth for the transportation and logistics company.
The firm lowered its 2026 EPS estimate by 5% to $13.60, representing mid-single digit EPS growth, positioning its forecast 9% below prior consensus estimates.
Despite these adjustments, Wolfe Research maintained its Outperform rating, highlighting that Ryder is trading at just 12 times the reduced 2026 EPS estimate.
In other recent news, Ryder System Inc. reported its Q3 2025 earnings, revealing an earnings per share (EPS) of $3.57, which exceeded analysts’ expectations of $3.54. However, the company’s revenue slightly missed projections, recording $3.17 billion compared to the anticipated $3.18 billion. Despite the earnings beat, the revenue shortfall has contributed to investor concerns. The analysts’ forecasts played a crucial role in shaping market reactions to the earnings report. These developments highlight the mixed performance in Ryder System’s recent financial results. The market’s response underscores the importance of meeting both earnings and revenue expectations. Ryder’s financial performance remains under close scrutiny by investors and analysts alike.
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