On Oct 25, major Wall Street analysts update their ratings for $United Parcel Service (UPS.US)$, with price targets ranging from $100 to $172.
Morgan Stanley analyst Ravi Shanker maintains with a sell rating, and maintains the target price at $100.
J.P. Morgan analyst Brian Ossenbeck maintains with a hold rating, and adjusts the target price from $140 to $139.
BofA Securities analyst Ken Hoexter maintains with a hold rating, and adjusts the target price from $132 to $150.
Barclays analyst Brandon Oglenski maintains with a sell rating, and maintains the target price at $120.
UBS analyst Thomas Wadewitz maintains with a buy rating, and maintains the target price at $159.
Furthermore, according to the comprehensive report, the opinions of $United Parcel Service (UPS.US)$'s main analysts recently are as follows:
UPS's Q3 results demonstrate the company's capability to enhance productivity and margins, particularly as they progress into the second year of the Teamster contract amid a diminishing inflation environment. The Q3 report is likely to bolster confidence in UPS's potential for ongoing margin improvement.
After reviewing UPS's Q3 report, analysts adjusted their EPS estimates for Q4, 2024, and 2025 slightly upwards. They also modified the multiple applied to the 2025 EPS estimate. UPS has revised its revenue expectations to $91.1B and, due to cost-saving measures, has improved its FY24 group operating margin forecast to 9.6%.
The post-earnings decline in UPS shares is attributed to a generally cautious or indifferent sentiment towards a sector where the anticipated positive change continues to be delayed.
The company's third-quarter performance was notable for its significant cost improvements and enhanced pricing. These factors are anticipated to positively influence the stock, according to an analyst.
Here are the latest investment ratings and price targets for $United Parcel Service (UPS.US)$ from 10 analysts:
Note:
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