|Bid||234.81 x 800|
|Ask||234.81 x 800|
|Day's Range||234.46 - 235.71|
|52 Week Range||203.13 - 274.66|
|PE Ratio (TTM)||14.00|
|Forward Dividend & Yield||2.60 (1.14%)|
|1y Target Est||N/A|
In an effort to remain ahead of competitors like FedEx Corporation (NYSE: FDX) and Amazon.com, Inc. (NASDAQ: AMZN), UPS said it will team up with smart access company Latch to design a new keyless entry protocol for drivers in New York City.
UPS is expanding its pilot project with Latch smart access devices to enable in-building deliveries to multi-unit homes in New York City.
United Parcel Service Inc (UPS.N) on Tuesday said it is testing "smart lock" technology that allows its delivery drivers to open doors and drop multiple packages at secure locations inside apartment buildings around New York City.The test includes "hundreds of non-doorman" multi-family buildings in Manhattan and Brooklyn that have installed Latch's "smart access system." The project comes as UPS is working to make "last-mile" e-commerce deliveries to households more convenient and cost effective by reducing package theft and the need for drivers to make repeated delivery attempts. "It's difficult to securely deliver packages in high-density, multi-family urban residences, especially when people are not at home," said Jerome Roberts, vice president of global product innovation at UPS.
UBS offered new analysis on two top parcel delivery services Monday, downgrading FedEx Corp. ( FDX) while upgrading United Parcel Service Inc. ( UPS). The ratings firm downgraded FedEx to neutral while lowering its price target to $256 per share from $283 per share, citing concerns about its exposure to “risk from tariffs and potentially slower trade activity.
Shares of FedEx (FDX) are falling on Monday, while United Parcel Service (UPS) is rising, as UBS's Thomas Wadewitz argues that investors should now buy the latter instead of the former. Wadewitz upgraded UPS to Buy from Neutral and raised his price target by $4, to $125, while he downgraded FedEx to Neutral from Buy and lowered his price target to $256 from $283. For UPS, he writes that a combination of cost and productivity improvements, along with a supportive sales backdrop, could boost margins in its domestic package business., and fuel stronger operating income growth next year.
The asset management firm reported adjusted quarterly profit of $6.66 per share , 11 cents above estimates. Bank of America BAC – The bank beat estimates by 6 cents a share , with second quarter profit of 63 cents per share. Bank of America’s results were boosted by loan growth, lower expenses, and a smaller tax rate.
Boeing Co said on Monday it won an order for 14 freight aircraft for a value of $4.7 billion, firing the opening salvo against rival Airbus SE in a contest for business on day one of the Farnborough Airshow. Logistics group DHL placed the order for the 777 freighters and acquired purchase rights for seven more freighters, the U.S planemaker said. Boeing and Airbus are expected to make several announcements on the first day of the July 16-22 event, as they seek to bolster their already bulging order books.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting FDX. Over the last one-month, outflows of investor capital in ETFs holding FDX totaled $466 million.
From Airways Boulevard to Hacks Cross, more than $1 million in building permits were recently submitted for FedEx facilities.
Having underperformed the broader market and rival Fedex Corp. ( FDX) this year, things are beginning to look up for United Parcel Service Inc. ( UPS). By up, we mean the stock could rise 30% based on the $137 price target given by Bernstein analyst David Vernon, who is optimistic about the company’s recent agreement with the Teamsters labor union that he thinks will contribute to slower wage growth. In recent negotiations with the Teamsters union, UPS secured a deal that would limit the number of hybrid drivers (i.e.
FedEx Express has made a 30-year commitment to a California airport. The Ontario International Airport Authority (OIAA) in San Bernardino announced June 26 it approved a 30-year lease agreement with FedEx Express, which is a subsidiary of Memphis-based logistics and delivery giant FedEx Corp. As part of that agreement, FedEx Express will move its current operations at the airport to a 51-acre site in the northwest quadrant of the property. FedEx Express has operated at the California airport for 31 years and currently occupies 18.5 acres.
United Parcel Service Inc. ( UPS) and FedEx Corp. ( FDX) are down 10.7% and 8.3% respectively in the first half of 2018, compared to the S&P 500's 2.3% gain over the same period. Last week, Seattle-based e-commerce giant Amazon launched a program to support entrepreneurs launching local delivery startups. In June, UPS announced a five-year contract with the Teamsters union, potentially paving the way for Sunday delivery, increased employee pay and offers of more flexibility within UPS's cost structure by adding "hybrid drivers." While new hybrid drivers have been a source of contention between the parties, Bernstein's David Vernon writes that an agreement to limit the growth of them to 25% of the total number of full-time carriers is better than expected.
Discover FedEx's five largest mutual fund investors, why these fund portfolio managers choose FedEx, and whether you should add it to your own portfolio.
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Monday.