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United Parcel Service (UPS) Stock Dips While Market Gains: Key Facts
ZACKS· 2024-06-27 23:06
United Parcel Service (UPS) closed the most recent trading day at $135.83, moving -1.68% from the previous trading session. This change lagged the S&P 500's daily gain of 0.09%. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw an increase of 0.3%.Shares of the package delivery service have appreciated by 2.78% over the course of the past month, outperforming the Transportation sector's loss of 1.91% and lagging the S&P 500's gain of 3.38%.The investment community will ...
Is UPS Stock Going to $142? 1 Wall Street Analyst Thinks So.
The Motley Fool· 2024-06-27 15:43
The package delivery giant's stock came under pressure this year, but some good news from its rival is giving cause for optimism.An analyst at Evercore ISI recently lowered the price targets of UPS (UPS -1.42%) and FedEx (FDX -1.70%) ahead of the latter's fourth-quarter 2024 earnings report. Evercore's earnings estimates for both companies decreased over concerns about declining domestic demand.FedEx's recent earnings are now in. Given what was reported, does Evercore's price target cut from $157 to $142 fo ...
Here's What to Expect From UPS in the Second Half of 2024
The Motley Fool· 2024-06-26 09:15
The package delivery giant expects its profit to increase dramatically as 2024 progressesFor UPS (UPS -3.06%) shareholders and potential investors, the year 2024 is poised to be a tale of two halves. While the first half is likely to show evidence of a profit decline, the second half promises a significant upswing.This potential for high returns in the latter part of the year should inspire optimism in those two investing cohorts about UPS' future as a stock.UPS is on a wild ride in 2024Here's a summary of ...
United Parcel Service (UPS) to Sell Coyote Logistics to RXO
ZACKS· 2024-06-24 17:30
United Parcel Service (UPS) is gearing up with its business operations. To this end, the company announced that it had inked a deal to sell its Coyote Logistics business unit to RXO, Inc., for $1.025 billion.RXO is a Charlotte, NC-based transportation and logistics company.Although the deal amount is less than what UPS paid to buy Coyote Logistics from Warburg Pincus in 2015, the deal is expected to help UPS focus on its core businesses by letting out resources to build new services and solutions to meet cl ...
UPS sells freight brokerage company to focus on core package delivery business
Proactiveinvestors NA· 2024-06-24 15:21
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
United Parcel Service (UPS) Sees a More Significant Dip Than Broader Market: Some Facts to Know
ZACKS· 2024-06-21 23:05
In the latest trading session, United Parcel Service (UPS) closed at $136.60, marking a -0.2% move from the previous day. This change lagged the S&P 500's daily loss of 0.16%. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq lost 0.18%.Prior to today's trading, shares of the package delivery service had lost 1.6% over the past month. This has was narrower than the Transportation sector's loss of 4.01% and lagged the S&P 500's gain of 3.15% in that time.The upcoming earnings release of United Par ...
United Parcel Service (UPS) Rises As Market Takes a Dip: Key Facts
ZACKS· 2024-06-20 23:21
The latest trading session saw United Parcel Service (UPS) ending at $136.87, denoting a +1.99% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.25%. Elsewhere, the Dow saw an upswing of 0.77%, while the tech-heavy Nasdaq depreciated by 0.79%.The package delivery service's stock has dropped by 6.66% in the past month, falling short of the Transportation sector's loss of 4.81% and the S&P 500's gain of 3.59%.The upcoming earnings release of United Parcel Se ...
Should You Pick Disney Over UPS Stock?
Forbes· 2024-06-18 12:00
ROME, ITALY - JUNE 17: Pilar Fogliati attends Italian premiere of "Inside Out 2" on June 17, 2024 in ... [+] Rome, Italy. (Photo by Elisabetta Villa/Getty Images for Disney)Getty Images for DisneyGiven its better prospects, we believe Disney stock (NYSE: DIS) is a better pick than UPS stock (NYSE: UPS). The decision to invest often comes down to finding the best stocks within the scope of certain characteristics that suit an investment style. In this case, although these companies are from different sectors ...
Focusing On Growth In High-Quality Dividend Growth: Comparing UPS And Home Depot
Seeking Alpha· 2024-06-17 19:37
Dimitri Otis Introduction and Background I am a high-quality dividend growth investor first, but have a strong lean toward value, as anyone who has read my previous articles knows. For many months now, it has been difficult to find high-quality, dividend-growth stocks trading at a deep discount. With that in mind, instead of my normal, high-quality trading near 52-week lows focus, I thought I'd dig a little deeper into the growth part of high-quality dividend growth to see if there are any obvious opportuni ...
United Parcel Service: Robust Profitability Benefiting From Durable Competitive Advantages
Seeking Alpha· 2024-06-17 14:00
The Bold Bureau/iStock Editorial via Getty Images United Parcel Service, Inc. (NYSE:UPS) is a global parcel delivery and supply chain management company. Founded in 1907, United Parcel Service (hereafter referred to as UPS) is now a $118 billion (by market cap) package delivery monster that employs more than 500,000 people. The company reports results across three segments: U.S. Domestic, 66% of FY 2023 revenue; International, 20%; and Supply Chain Solutions, 14%. UPS is the world's largest package delivery ...