UPS (UPS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Logistics startup Stord said Monday that it's buying a UPS subsidiary Ware2Go for an undisclosed amount. The e-commerce logistics startup is trying to compete against the likes of Amazon and make shipping and fulfillment more accessible to smaller companies.
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The United States and China recently announced a deal to temporarily reduce their high reciprocal tariffs. The 90-day agreement between the two nations to reduce tariffs has rekindled hopes of easing global trade tensions.
UPS (UPS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Cutting more than half of its Amazon deliveries is good for UPS's business in the long run, its CFO says.
United Parcel Service NYSE: UPS stock was trading at deep value levels, offering investors the second, generational buying opportunity in five years, which was confirmed by the Q1 results. The results show that market fears for the quarter, while justified, were unfounded.
Analyst Fadi Chamoun at BMO Capital recently lowered his price target for UPS (UPS 2.66%) stock to $125 from $130 but maintained an outperform rating on the stock. Even though the analyst lowered the price target, it still represents a 29% premium to the current price, and an outperform is de facto a buy recommendation.
UPS exceeded Q1 earnings expectations despite revenue challenges, driven by margin expansion in the domestic segment and cost-cutting efforts. Domestic sales rose 1.4% to $14.5 billion, with increased air cargo activities and higher revenues per piece, boosting profits by 19.4%. Economic uncertainty and declining Amazon volumes pose risks, but UPS aims to offset these with cost cuts and more profitable business.
United Parcel Service (UPS) said on Tuesday it will slash 20,000 jobs and close more than 70 facilities to lower costs as it braces for less Amazon shipments, due to global economic uncertainty and changing consumer habits.
By press time on April 30, the United Parcel Service (NYSE: UPS) – or rather, UPS workers – was the first major casualty of the escalating 2025 trade war.
United Parcel Service' first-quarter 2025 earnings increase year over year while revenues decrease.