United Parcel Service, Inc.’s Stock Price Drops to $127.68, Suffering a Sharp 12.05% Decline

United Parcel Service, Inc. (UPS)

127.68 USD -17.50 (-12.05%) Volume: 25.31M

United Parcel Service, Inc.’s stock price stands at 127.68 USD, witnessing a significant drop of -12.05% this trading session with a trading volume of 25.31M. The stock has been underperforming with a Year-to-Date (YTD) percentage change of -18.79%, indicating a volatile market for UPS investors.

Latest developments on United Parcel Service, Inc.

United Parcel Service Inc. Cl B stock has had a steady performance today, underperforming the market. Despite this, UPS has shown resilience in the face of market fluctuations. The company’s stock price movements may be attributed to various factors such as recent supply chain disruptions, changes in consumer behavior, and global economic uncertainties. Investors are closely monitoring UPS as it navigates through these challenges and adapts its business strategies accordingly. Overall, UPS continues to demonstrate its reliability and stability in the market, making it a stock to watch closely in the coming days.

United Parcel Service, Inc. on Smartkarma

Analysts at Baptista Research have provided bullish insights on United Parcel Service Cl B on Smartkarma. In one report titled “United Parcel Service (UPS): How Is The Management Playing The Macro Cycle? – Major Drivers,” the analysts highlighted UPS’s consolidated revenue of $21.7 billion, a 5.3% decline YoY, and operating profit of $1.7 billion, down by 31.5% from the previous year. They noted that higher labor costs associated with the first year of the Teamsters contract were a significant factor. UPS’s deal with the United States Postal Service to become the primary air cargo provider was also mentioned as a notable development.

In another report by Baptista Research, titled “United Parcel Service (UPS): Accelerated digitization and e-commerce demand could propel them forward? – Major Drivers,” the analysts discussed UPS’s latest quarterly earnings results. They mentioned that in Q4 of 2023, the company’s average daily volume (ADV) dropped by 7.5% from the previous year, showing a significant improvement from the third-quarter performance. The analysts highlighted the potential impact of accelerated digitization and e-commerce demand on UPS’s future growth prospects.

A look at United Parcel Service, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

United Parcel Service Cl B, also known as UPS, has a mixed long-term outlook based on the Smartkarma Smart Scores. While the company scores high in Dividend, indicating a strong payout to investors, its Value score is on the lower side. This suggests that UPS may not be considered undervalued in the market. With moderate scores in Growth, Resilience, and Momentum, UPS appears to have a stable foundation but may not be experiencing significant growth or market momentum.

As a global leader in package delivery and supply chain services, UPS’s integrated air and ground network sets it apart in the industry. The company’s focus on providing reliable transportation services both domestically and internationally has helped establish its reputation. While the Smart Scores provide insights into different aspects of UPS’s performance, investors may want to consider the overall balanced outlook of the company when making investment decisions.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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