Price Over Earnings Overview: United Parcel Service
Portfolio Pulse from Benzinga Insights
United Parcel Service Inc. (NYSE:UPS) shares are trading at $184.35, after a 0.55% increase. Over the past month, the stock spiked by 2.83%, but fell by 6.37% in the past year. The company's P/E ratio is lower than the aggregate P/E of the Air Freight & Logistics industry, indicating that the stock might be undervalued.
August 04, 2023 | 1:49 pm
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UPS's lower P/E ratio compared to the industry average could indicate potential undervaluation.
A lower P/E ratio can indicate that a stock is undervalued. Given that UPS's P/E ratio is lower than the industry average, this could suggest that the stock is undervalued, which could potentially lead to an increase in the stock price in the short term.
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