Morgan Stanley initiated coverage on Ryder System with a new price target
$R
Rental/Leasing Companies
Consumer Discretionary
Morgan Stanley initiated coverage of Ryder System with a rating of Overweight and set a new price target of $165.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/24/2024 | $165.00 | Overweight | Morgan Stanley |
| 6/14/2024 | $125.00 → $145.00 | Hold → Buy | Vertical Research |
| 1/10/2024 | Buy → Hold | Vertical Research | |
| 10/4/2023 | Outperform → Peer Perform | Wolfe Research | |
| 7/31/2023 | $118.00 | Neutral → Outperform | Robert W. Baird |
| 1/10/2023 | $100.00 | Peer Perform → Outperform | Wolfe Research |
| 6/6/2022 | Underperform → Peer Perform | Wolfe Research | |
| 4/5/2022 | Peer Perform → Underperform | Wolfe Research |
New ads feature Ryder customers navigating real supply chain challenges, including men's apparel brand Mugsy and alcohol beverage distributor Southern Glazer's Wine & Spirits. Campaign highlights Ryder's port-to-door operational expertise and advanced technology solutions with 100% real-time visibility, 99.5% fulfillment accuracy, and 98% on-time deliveries. Spots to air April 28 – June 22 on ESPN, TBS, and TNT during the NHL playoffs and Bloomberg TV. Ryder System, Inc. (NYSE:R) launches a national television ad campaign, "Stories from the Supply Chain," showcasing real businesses navigating logistics challenges in an ever-shifting supply chain environment. From fashion to fine wine
Ryder System, Inc. (NYSE:R) announces that it has established a new, upsized $1.6 billion five-year corporate revolving credit facility, which includes 11 global institutions and will expire on April 22, 2030. This replaces Ryder's current corporate credit facility and provides $200 million of additional credit capacity. "Execution of this new, upsized credit facility further solidifies Ryder's strong liquidity position for the next five years," says Ryder Chief Financial Officer Cristina Gallo-Aquino. The credit facility will be used for working capital and other general corporate purposes of Ryder and its subsidiaries. "We are very pleased with the confidence and long-term financial su
Execution on Strategic Initiatives Drives Contractual Earnings Growth First Quarter 2025 Highlights GAAP EPS from continuing operations of $2.29, up 21% from prior year Comparable EPS (non-GAAP) from continuing operations of $2.46, up 15% from prior year, reflecting higher contractual earnings in all segments, partially offset by weaker market conditions in rental and used vehicle sales Total revenue of $3.1 billion, up 1% Operating revenue (non-GAAP) of $2.6 billion, up 2%, reflecting prior year acquisition and contractual revenue growth in Supply Chain Solutions (SCS) and Fleet Management Solutions (FMS), partially offset by lower commercial rental revenue Full-Year 2025 Foreca
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Morgan Stanley initiated coverage of Ryder System with a rating of Overweight and set a new price target of $165.00
Vertical Research upgraded Ryder System from Hold to Buy and set a new price target of $145.00 from $125.00 previously
Vertical Research downgraded Ryder System from Buy to Hold
Industry veteran John J. Diez named to top operations role Ryder finance and accounting leader Cristina Gallo-Aquino takes over top financial position Ryder System, Inc. (NYSE:R), a leader in supply chain, dedicated transportation, and fleet management solutions, today announces the appointment of John J. Diez to president and chief operating officer (COO), effective January 1, 2025. In this new role, Mr. Diez will continue to report to Ryder Chairman and Chief Executive Officer Robert E. Sanchez with responsibility for the general management of all business operations of Ryder's three business segments. This press release features multimedia. View the full release here: https://www
SAN CARLOS, Calif., April 22, 2024 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT) ("Oportun", or the "Company"), a mission-driven fintech, today announced the appointment of Scott Parker as a new independent director and Richard Tambor as an observer to Oportun's Board of Directors, each effective immediately. Tambor will stand for election to Oportun's Board of Directors at Oportun's 2024 annual shareholder meeting later this year. The appointments are in connection with a cooperation agreement (the "Agreement") the Company has entered into with Findell Capital Management LLC (together, with certain of its affiliates "Findell"). Findell is an investment firm that owns approximately 7.7% of Opo
H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce the sale of its portfolio company, Cardinal Logistics ("Cardinal" or the "Company"), to Ryder System, Inc. ("Ryder") (NYSE:R). Founded in 1997 and headquartered in Concord, NC, Cardinal provides fully outsourced transportation and logistics solutions to customers across diverse end markets. The Company's dedicated contract carriage ("DCC") offering allows customers to secure a dedicated fleet and drivers, servicing complex route structures across distribution centers, suppliers, and stores. Cardinal enhances operating efficiencies and delivers except
Execution on Strategic Initiatives Drives Contractual Earnings Growth First Quarter 2025 Highlights GAAP EPS from continuing operations of $2.29, up 21% from prior year Comparable EPS (non-GAAP) from continuing operations of $2.46, up 15% from prior year, reflecting higher contractual earnings in all segments, partially offset by weaker market conditions in rental and used vehicle sales Total revenue of $3.1 billion, up 1% Operating revenue (non-GAAP) of $2.6 billion, up 2%, reflecting prior year acquisition and contractual revenue growth in Supply Chain Solutions (SCS) and Fleet Management Solutions (FMS), partially offset by lower commercial rental revenue Full-Year 2025 Foreca
Ryder System, Inc. (NYSE:R) expects to issue its first quarter 2025 results at approximately 7:00 a.m. Eastern Time on Wednesday, April 23, 2025. The company will also host a conference call at 11 a.m. Eastern Time on the same day. The call will be webcast live and a replay will be available. Details for the call include: When: Wednesday, April 23, 2025, from 11:00 a.m. to 12:00 p.m. Eastern Time How: Live webcast: Ryder - 1Q 2025 Ryder System Inc. Earnings Release upon completion of registration page Call toll-free: 888-394-8218 Outside U.S. call: 323-994-2093 Audio Passcode: Ryder Conference Leader: Calene Candela The earnings pres
Balanced Growth Strategy Delivers Earnings Growth in all Business Segments Fourth Quarter 2024 Highlights GAAP EPS from continuing operations of $3.11, up from $2.74 in prior year Comparable EPS (non-GAAP) from continuing operations of $3.45, up from $2.95 in prior year, due to higher earnings across all business segments Total revenue of $3.2 billion, up 5%, and operating revenue (non-GAAP) of $2.6 billion, up 7%, reflecting acquisitions Full-Year 2024 Highlights GAAP EPS from continuing operations of $11.06, up from $8.73 in prior year, which reflected a non-cash FMS U.K. business exit charge Comparable EPS (non-GAAP) from continuing operations of $12.00, as compared t