In a significant development for Ryder System (R, Financial), prominent financial services firm Baird, led by analyst Daniel Moore, has reinstated coverage of the logistics and transportation company with an "Outperform" rating. The rating reflects Baird's positive outlook on Ryder System's market potential and strategic positioning in the logistics industry.
Accompanying the rating announcement, Baird has set a price target of USD 186.00 for Ryder System (R, Financial). This newly announced price target signals expected growth and performance enhancements as anticipated by the analyst. The price target reflects Baird's confidence in Ryder's ability to capitalize on market opportunities and enhance shareholder value.
Ryder System (R, Financial) has not had any prior ratings from Baird, making this a noteworthy update for market watchers and investors. The reinstatement of coverage and the positive outlook underscore Baird's confidence in Ryder's strategic initiatives and future growth prospects.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Ryder System Inc (R, Financial) is $169.64 with a high estimate of $190.00 and a low estimate of $150.00. The average target implies an upside of 3.99% from the current price of $163.13. More detailed estimate data can be found on the Ryder System Inc (R) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Ryder System Inc's (R, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Ryder System Inc (R, Financial) in one year is $126.61, suggesting a downside of 22.39% from the current price of $163.13. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Ryder System Inc (R) Summary page.
