Citigroup Upgrades Ryder System to Buy from Neutral
Fintel reports that on October 8, 2026, Citigroup upgraded their outlook for Ryder System (NYSE:R) (XTRA:RYD) from Neutral to Buy. This action follows a prior decision by Citigroup on July 24, 2026, when the firm maintained its Neutral rating on the stock.
On October 7, 2026, the day before the upgrade, Ryder System's stock closed at $232.32. On October 8, 2026, the stock closed at $235.18. Looking at recent performance, the stock experienced a price change of +1.84% over one week, relative to a baseline close of $230.92 on October 1, 2026. Over a one-month period, the stock saw a price change of -4.74% from a baseline close of $246.89 on September 8, 2026.
As of October 2, 2026, the current consensus target mean for the stock is $292.67, with a median target of $292.74. This mean target represents an implied change of +24.45% from the stock's valuation. This is a revision of -3.73% from the prior consensus target mean of $304.00 recorded on September 16, 2026.
For the current recommendation period of September 1, 2026, the aggregate analyst recommendations consisted of 4 strong buy, 9 buy, 5 hold, 0 sell, and 0 strong sell ratings, totaling 18 recommendations. This represents 72.2% positive, 27.8% hold, and 0.0% negative recommendations. These figures are identical to the prior recommendation period of August 1, 2026, which also had 4 strong buy, 9 buy, 5 hold, 0 sell, and 0 strong sell ratings, totaling 18 recommendations (72.2% positive, 27.8% hold, and 0.0% negative).
Other recent analyst actions include JP Morgan upgrading the stock from Neutral to Overweight on October 5, 2026. On October 2, 2026, Susquehanna maintained its Positive rating. Prior to these actions, Baird downgraded Ryder System from Outperform to Neutral on September 29, 2026.
Ryder System last reported earnings on July 23, 2026. The company reported an actual EPS of 3.73, compared to an estimate of 3.7596, representing an EPS surprise of -0.79%. Actual revenue was $3,347,000,000.00, compared to an estimated $3,359,862,864.00. The company's upcoming earnings date is scheduled for October 22, 2026.
Ryder System, Inc., based in the United States, is a leader in supply chain, dedicated transportation, and fleet management solutions. Founded in 1933, the company operates primarily in North America but maintains a robust presence globally through strategic partnerships and operations. Key projects typically include logistics management for automotive sectors, retail inventory distribution, and comprehensive leasing solutions for commercial transport vehicles.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| October 8, 2026 | Citigroup | Neutral | Buy | upgrade |
| October 5, 2026 | JP Morgan | Neutral | Overweight | upgrade |
| October 2, 2026 | Susquehanna | Positive | Positive | maintained |
| September 29, 2026 | Baird | Outperform | Neutral | downgrade |
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This story originally appeared on Fintel.