Christyne McGarvey, an analyst from Morgan Stanley, maintained the Buy rating on Ryder System (R – Research Report). The associated price target remains the same with $180.00.
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Christyne McGarvey has given her Buy rating due to a combination of factors influencing Ryder System’s stock performance. One of the primary reasons is Ryder’s impressive fourth-quarter performance, which exceeded expectations and demonstrated robust year-over-year EPS growth of 17%. This strong result was particularly notable given the generally flat growth among peers, showcasing the company’s effectiveness in executing its strategies.
Additionally, McGarvey highlighted Ryder’s forward-looking guidance for fiscal year 2025, which surpassed expectations despite the company’s conservative assumptions regarding market cycles. This suggests that Ryder’s idiosyncratic initiatives alone are capable of driving double-digit EPS growth, providing a substantial foundation for future performance. Moreover, if market conditions align favorably, there is significant potential for further upside, reinforcing the stock’s attractiveness. Overall, McGarvey’s Buy rating reflects confidence in Ryder’s strategic direction and its ability to navigate current market challenges while capitalizing on future opportunities.
Based on the recent corporate insider activity of 92 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.