December 6, 2022



Why You Should Buy Now and Hold This #1 (Strong Buy) Transportation Stock

Building a successful investment portfolio takes skill and hard work, no matter if you’re a growth, value, income, or momentum-focused investor.

Should You Buy #1 (Strong Buy)-Ranked Ryder (R) for Your Portfolio?

Ryder was upgraded to the Zacks Rank #1 list on April 30, 2022. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.

Ryder System, Inc., a Florida-based corporation founded in 1933, is recognized as one of the world’s largest providers of integrated logistics and transportation solutions. Ryder’s customers range from small businesses to large international enterprises. They are drawn from a wide variety of industries, the most significant of which include automotive, electronics, transportation, grocery, lumber and wood products, food service and home furnishing.

Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2022, while the Zacks Consensus Estimate has increased $2.34 to $13.99 per share. R also boasts an average earnings surprise of 48.2%.

Earnings are expected to grow 46% for the current fiscal year, while revenue is projected to increase 18.5%.

Even more impressive, R has gained in value over the past four weeks, up 14.6% compared to the S&P 500’s loss of 0.5%.

Bottom Line

With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Ryder could be just the stock to help your portfolio generate returns that could fund your retirement, your kids’ college tuition, or your short- and long-term savings goals.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ryder System, Inc. (R) : Free Stock Analysis Report