Why UPS Stock Ran Off the Road This Week
Higher costs and weak pricing caused United Parcel Service (NYSE: UPS) to miss expectations in the second quarter, and left analysts reconsidering the company's prospects for the quarters to come.
Shares of UPS were down 11% for the week as of midday Thursday, according to data provided by S&P Global Market Intelligence, as investors react to reset expectations.
UPS earned $1.79 per share in the second quarter on sales of $21.8 billion, missing Wall Street's estimate for $1.99 per share on revenue of $22.2 billion. The transportation giant also revised its full-year revenue forecast to about $93 billion, from previous guidance of between $92 billion and $94.5 billion in sales.
Source Fool.com
United Parcel Service Inc. Stock
€118.68
1.500%
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..
