Here's the 1 Thing UPS and FedEx Investors Need to Look Out For in 2024
(NYSE: UPS) and FedEx (NYSE: FDX) are attractive stocks but continue facing volume and pricing challenges in 2024. That said, there's evidence to suggest that they are overcoming these issues, and they could both have excellent second halves of the calendar year. Here's why.
Like much of the economy, the package delivery market has had highly unusual dynamics in recent years. UPS management expressed this during its Investor Day presentation in late March, describing the market as laid out in the table below.
From 2018 to 2020, there was a normal period of excess capacity in the market, which was good for meeting demand spikes and keeping customers happy without resorting to the expensive purchase of third-party transportation. However, demand surged due to the lockdowns, and supply struggled to grow as the same lockdowns caused capacity restraints.
Source Fool.com
United Parcel Service Inc. Stock
With 19 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 157 € shows a positive potential of 32.29% compared to the current price of 118.68 € for United Parcel Service Inc..
