United Parcel Service, Inc.’s Stock Price Soars to $138.15, Marking a Robust 2.82% Uptick

United Parcel Service, Inc. (UPS)

138.15 USD +3.79 (+2.82%) Volume: 6.08M

United Parcel Service, Inc.’s stock price is currently standing at 138.15 USD, marking an impressive increase of 2.82% in this trading session. With a substantial trading volume of 6.08M, UPS continues to capture investor interest. However, it’s important to note a YTD percentage change of -12.14%, indicating a fluctuating performance throughout the year.

Latest developments on United Parcel Service, Inc.

United Parcel Service Inc. Cl B stock has been experiencing fluctuations in the market recently. On Monday, the stock rose and outperformed the market, showing positive momentum. However, on Tuesday, the stock fell and underperformed the market, leading to a decline in its price. Investors are closely watching these movements and analyzing the factors behind them to make informed decisions about United Parcel Service Inc. Cl B stock.

United Parcel Service, Inc. on Smartkarma

Analysts at Baptista Research have been closely monitoring United Parcel Service Cl B on Smartkarma. In their report titled “United Parcel Service (UPS): How Is The Management Playing The Macro Cycle? – Major Drivers,” they highlighted UPS’s consolidated revenue decline of 5.3% YoY to $21.7 billion. The operating profit also decreased by 31.5% to $1.7 billion, mainly due to higher labor costs. Despite these challenges, UPS managed to maintain an 8% operating margin and secured a significant deal with the United States Postal Service to become the primary air cargo provider.

In another bullish report by Baptista Research, titled “United Parcel Service (UPS): Accelerated digitization and e-commerce demand could propel them forward? – Major Drivers,” analysts discussed UPS’s latest quarterly earnings results. The company experienced a 7.5% drop in average daily volume in Q4 of 2023, showing improvement from the previous quarter. This performance indicates potential opportunities for UPS to leverage accelerated digitization and e-commerce demand to drive future growth and success in the market.

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

Based on the Smartkarma Smart Scores, United Parcel Service Cl B has a mixed long-term outlook. While the company scores high in Dividend, indicating a strong dividend payout to investors, its Value score is lower, suggesting that the stock may not be undervalued at the moment. In terms of Growth, Resilience, and Momentum, UPS scores moderately, indicating a stable performance in these areas.

United Parcel Service, Inc. (UPS) is a global logistics company that provides package delivery and supply chain services. With a focus on integrated air and ground transportation, UPS serves customers in the United States and around the world. Despite facing some challenges in terms of value and growth, UPS maintains a strong dividend payout and a solid foundation in the logistics industry.

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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma