15 "strong buy" or "buy", 12 "hold" and 4 "sell" or "strong sell"
The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy".
Wall Street's median 12-month price target for United Parcel Service Inc is $115.00, about 1.8% above its July 27 closing price of $112.95.
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago.
Result drivers
Higher revenue per piece - Co said U.S. Domestic segment revenue rose 6.0% and International segment revenue rose 12.5%, both driven by increases in revenue per piece
Forwarding and logistics growth - Supply Chain Solutions revenue up 7.8%, primarily due to growth in forwarding and logistics, including healthcare
Network reconfiguration initiatives - Co said completion of Amazon glide down and network reconfiguration contributed to improved performance, per CEO Carol Tomé
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