Ryder System stock gained 2.74 percent as JPMorgan upgraded it

Published on 10/05/2026 at 13:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ryder System stock gets a JPMorgan upgrade to Overweight on October 5, 2026, with a USD 298 target. Q2 adjusted EPS reached USD 3.73 and full-year guidance starts at USD 14.40.

Ryder System, US7835491082, Illustration mit AI erstellt.

Ryder System (ISIN US7835491082) closed at USD 237.24 on the NYSE on October 2, 2026, gaining 2.74 percent and carrying a USD 9.1 billion market capitalization. The move followed JPMorgan's upgrade to Overweight from Neutral and its price-target increase to USD 298 from USD 296, as Investing.com reported on October 5, 2026.

JPMorgan raises its target

JPMorgan linked its decision to a more durable earnings profile after the freight downturn. The bank highlighted Ryder's shift toward contractual businesses, while the company delivered its seventh consecutive quarter of comparable EPS growth in Q2 2026.

According to the Q2 earnings-call transcript published by Fortune, comparable EPS rose 12 percent to USD 3.73 in Q2 2026. Operating revenue reached USD 2.7 billion, up 3 percent from the prior year, while return on equity was 17 percent and free cash flow reached USD 684 million.

Guidance moves above prior floor

Ryder raised the low end of its full-year 2026 comparable EPS forecast to USD 14.40 from USD 14.05 and kept the upper end at USD 14.80. The company also forecast third-quarter comparable EPS of USD 4.00 to USD 4.20, compared with USD 3.57 in Q3 2025, according to Fortune.

The operating backdrop remains mixed inside the segments. Supply Chain operating revenue increased 7 percent in Q2, but its earnings before taxes fell 7 percent because of lower automotive results and the ramp-up of new business. Dedicated operating revenue decreased 3 percent, while Fleet Management earnings before taxes increased 20 percent.

Analysts see further upside

Consensus data from Investing.com show a Buy rating from 11 analysts, an average 12-month target of USD 287.89, a high target of USD 320.00 and a low target of USD 245.00. The average target lies 21.35 percent above the October 2 price.

The analyst picture also includes restraint. Susquehanna lowered its target from USD 310.00 to USD 280.00 while keeping a Positive rating, as MarketBeat reported on October 2, 2026. That contrast places the USD 298 JPMorgan target above the current consensus average but below the USD 320 high estimate.

Ryder System stock before Q3 results

Ryder System stock closed at USD 237.24 on the NYSE on October 2, 2026. The session range was USD 233.05 to USD 238.33, the 52-week range was USD 157.67 to USD 284.25, and volume was 293,584 shares.