Morgan Stanley analyst Ravi Shanker has maintained their bullish stance on R stock, giving a Buy rating yesterday.
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Ravi Shanker has given his Buy rating due to a combination of factors that highlight Ryder System’s strong financial performance and promising outlook. The company’s second-quarter results exceeded both Morgan Stanley’s estimates and consensus expectations, despite a rare loss on the sale of inventory, which management attributed to timing issues. This is expected to be a one-time occurrence, and the company’s guidance remains comfortably above market expectations.
Additionally, Ryder System is on track for significant earnings growth within its sector, supported by strategic initiatives such as maintenance improvements and higher utilization rates. The company also benefits from acquisition synergies and pricing improvements, contributing to its robust performance. With a strong balance sheet and attractive valuation, Ryder System presents one of the best risk-reward opportunities in the transportation sector, according to Shanker.
According to TipRanks, Shanker is an analyst with an average return of -1.9% and a 46.44% success rate. Shanker covers the Industrials sector, focusing on stocks such as FedEx, Alaska Air, and Allegiant Travel Company.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $205.00 price target.