UPS Vs. FedEx: Which Stock Boasts A Higher Upside? Here's What Analysts Say
Portfolio Pulse from Surbhi Jain
UPS has secured a contract to become the primary air cargo provider for the USPS, ending FedEx's 20-year partnership. This deal marks a significant win for UPS, potentially boosting its market position and revenue streams. Over the past year, UPS's stock declined by 20.97%, while FedEx's stock increased by 25.34%. Analysts predict a potential upside of 7.18% for UPS and 11.2% for FedEx, despite UPS having a slightly higher forward P/E ratio of 15.31 compared to FedEx's 13.24.
April 01, 2024 | 6:03 pm
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NEUTRAL IMPACT
FedEx ends its 20-year partnership with USPS as UPS takes over, despite a strong stock performance and a higher analyst-predicted upside.
FedEx's termination of its partnership with USPS might seem negative, but its strong stock performance over the past year and a higher potential upside of 11.2% compared to UPS suggest a neutral short-term impact. The company's resilience and competitive prowess are highlighted by its favorable analyst consensus.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
UPS secures a major contract with USPS, potentially boosting its market position and revenue streams.
The new contract with USPS is a significant win for UPS, likely to enhance its market position and revenue streams. Despite a 20.97% decline in stock over the past year, the deal and a 7.18% potential upside according to analysts suggest a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90