United Parcel Service, Inc. (UPS) – Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
United Parcel Service, Inc. (UPS), headquartered in Atlanta, Georgia, is a leading player in the package delivery industry, founded in 1907. The company operates through two primary segments: U.S. Domestic Package, which specializes in express delivery, and International Package, catering to global shipping needs. In addition to these core services, UPS offers air and ocean freight, customs brokerage, and extensive supply chain solutions. Classified under the Air Freight & Logistics sub-industry within the broader Industrials sector, UPS is pivotal in the integrated freight and logistics market. With a total revenue of approximately $89.5 billion, the company’s robust financial health and substantial market presence reflect its ability to adapt to the evolving complexities of the logistics landscape. Analysts currently recommend a “buy,” with a target high price of $190, indicating a potential upside from current valuations.
Stock Performance and Investor Sentiment
The current trading price for UPS shares is $128.60, positioning the stock relatively close to its fifty-two week low of $123.12, which may represent a buying opportunity for value-seeking investors. Conversely, the fifty-two week high of $163.82 indicates that the stock has previously reached significantly higher valuations within the last year. The latest analysis reveals that UPS has a total of 732,508,992 shares outstanding, with a short interest constituting approximately 0.0182% of its float. This low short percentage reflects positive investor sentiment towards UPS. The company’s fifty-day moving average sits at $130.45, suggesting potential short-term weakness; however, it may also present a favorable entry point for long-term investors looking to capitalize on anticipated growth.
Target Price and Analyst Recommendations
UPS’s analysts have set a target mean price of $144.22 with a high target of $190.00 and a low of $100.00, suggesting a promising upside from current prices. The median target price stands at $141.51, alongside a recommendation mean of 2.5, indicating strong buy sentiments among the 26 analysts contributing to the coverage. This robust level of interest and confidence in UPS’s projected performance further reinforces the case for investment. Overall, favorable target price analyses and a solid buy recommendation signify the company’s strong potential for growth in the evolving freight and logistics market.
| Metric | Value |
|---|---|
| Market Cap | $110.2b |
| Total Debt | $26.4b |
| Total Cash | $6.5b |
| Shares Outstanding | 732.5m |
| Float Shares | 731.7m |
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