Barclays Reaffirms Their Buy Rating on Ryder System (R)
Barclays analyst Brandon Oglenski maintained a Buy rating on Ryder System today and set a price target of $220.00.
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Oglenski covers the Industrials sector, focusing on stocks such as FedEx, Union Pacific, and Alaska Air. According to TipRanks, Oglenski has an average return of 9.2% and a 54.67% success rate on recommended stocks.
In addition to Barclays, Ryder System also received a Buy from Citi’s Ben Mohr in a report issued on February 13. However, on February 12, TipRanks – xAI reiterated a Hold rating on Ryder System (NYSE: R).
Based on Ryder System’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.17 billion and a net profit of $138 million. In comparison, last year the company earned a revenue of $3.17 billion and had a net profit of $142 million
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of R in relation to earlier this year. Earlier this month, Follin Smith, a Director at R sold 32,230.00 shares for a total of $6,691,230.76.
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