Is UPS Stock a Buy?
(NYSE: UPS) is having a challenging year, so don't be surprised if there's more volatility to come soon. That said, long-term investors won't worry if the company can deliver long-term growth while maintaining a handsome dividend (current yield is 4.3%). There's a strong case for the latter, and UPS represents one of the most attractive stocks on the market for income-seeking investors. Here's why.
First, let's touch on why UPS stock is down 12.6% this year. It comes down to weaker-than-expected volumes in both its U.S. domestic package and international segments. Volumes have declined significantly in 2023, and even though average revenue per piece improved in the U.S. domestic package segment and overall in its package delivery business (UPS also has a supply chain solutions business), it wasn't enough to stop revenue from declining.
UPS First Half YOY Growth
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 33.96% compared to the current price of 117.2 € for United Parcel Service Inc..
