Is UPS Stock a Bad-News Buy?
Shares of United Parcel Service (NYSE: UPS) have been tumbling recently on the news that Amazon (NASDAQ: AMZN) is launching Amazon Supply Chain Services. For logistics giant UPS, that's a concerning development as it means it may have a huge new competitor to worry about.
It's more bad news on top of the already existing flurry of negativity around the logistics company. UPS stock is down more than 50% in the past five years, as worsening trade conditions have weighed on its operations. The business has also experienced a revenue decline in two of the past three years.
Does this recent news about Amazon make the transportation stock destined to go even lower this year, or could UPS actually be a good buy on weakness?
Source Fool.com
United Parcel Service Inc. Stock
€94.92
-1.770%
Currently there is a rather positive sentiment for United Parcel Service Inc. with 32 Buy predictions and 5 Sell predictions.
As a result the target price of 101 € shows a slightly positive potential of 6.41% compared to the current price of 94.92 € for United Parcel Service Inc..
