Jefferies analyst Stephanie Moore maintains $United Parcel Service (UPS.US)$ with a buy rating, and adjusts the target price from $145 to $160.
According to TipRanks data, the analyst has a success rate of 66.1% and a total average return of 19.9% 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:
UPS's third-quarter results demonstrate their capability to enhance productivity and margins as they progress into the second year of the Teamster contract and transition into an environment of reduced inflation. It is believed that the third-quarter report will bolster confidence in UPS's potential to present a narrative of margin enhancement.
Following UPS's Q3 report, estimates for Q4, 2024, and 2025 EPS were raised by 1%, 2%, and 4%, respectively. The company adjusted its revenue forecast to $91.1B, but due to cost efficiencies, it revised its FY24 group operating margin goal to 9.6% from 9.4%.
The reduction in the firm's valuation of UPS follows the Q3 report, with the resultant sell-off attributed to a generally cautious or indifferent sentiment towards a sector where the anticipated positive change continues to be deferred.
Note:
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