Goldman Sachs analyst Jordan Alliger maintains $United Parcel Service (UPS.US)$ with a buy rating, and sets the target price at $162.
According to TipRanks data, the analyst has a success rate of 53.4% and a total average return of 7.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $United Parcel Service (UPS.US)$'s main analysts recently are as follows:
The firm slightly reduced its third-quarter EPS expectation to $1.58 from $1.60 and adjusted its fourth-quarter EPS forecast to $2.46 from $2.64, citing moderated projections for domestic volume and yield growth.
Analysts have initiated coverage on the transportation and logistics industry with a broadly constructive outlook, based on the assessment that the sector's cyclical downturn is approaching its final phase. Indicators such as rates and margins suggest they are nearing their lowest points, setting the stage for robust earnings growth in the coming years as the market recovers. The optimistic view is bolstered by the belief that numerous companies in the industry benefit from seasoned management teams recognized for their judicious capital management. Additionally, the intrinsic value of transportation services as a core component of the North American economy is emphasized, suggesting a low risk of disruption or obsolescence. With expectations of a cyclical upturn, investors are advised to focus on companies that stand to gain disproportionately when freight conditions improve.
Prior to Q3 earnings, estimates have been modestly adjusted for Q4, with the Q3 outlook remaining constant. It has been observed that Q3 may have been favorable for UPS, and with a combination of pricing initiatives and volume expansion, there appears to be a trajectory towards achieving the full-year guidance.
Note:
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