Down 26% From Its 52-Week High, Is Now the Time to Buy UPS Stock?
United Parcel Service (NYSE: UPS) stock is trading down 26% from its 52-week high amid a string of disappointing quarterly results. The logistics and transportation leader has struggled to navigate a shifting operating landscape between lower shipping demand and inflationary cost pressures.
On the other hand, early signs of a potential turnaround in the company's latest update offer investors room for optimism. Could shares of UPS make a good addition to your portfolio now? Here's what you need to know.
A lot has changed for UPS since an online spending-driven shipping boom drove the stock to a record high of $208.86 in February 2022. The company simply failed to live up to high-growth expectations as the markets noted package volumes faltering. Earnings were further pressured as higher fuel and labor costs squeezed profitability margins.
Source Fool.com
United Parcel Service Inc. Stock
We see a rather positive sentiment for United Parcel Service Inc. with 19 Buy predictions and 1 Sell predictions.
With a target price of 157 € there is a positive potential of 34.97% for United Parcel Service Inc. compared to the current price of 116.32 €.
