UPS stock closes in red and logs a seven-day losing streak (NYSE:UPS)
UPS (NYSE:UPS) closed in red for a seventh consecutive day after having lost 7.1% over the last six trading sessions.
Shares of the parcel shipping giant closed -0.76% at $137.61 on Tuesday, almost near its 52-week low of $133.68. The stock has lost 18% in value in the last 12 months.
UPS has closed in the red for 11 trading days in May so far. In April, it closed negatively for 10 out of 22 sessions.
Seeking Alpha’s Quant rating system has given UPS a “Hold” rating with a score of 3.17 out of 5.
The Atlanta, Georgia-based company has been graded A+ for profitability and D for momentum, while its growth and valuation prospects have been graded D- and B+, respectively.
Turning to the Wall Street community, twelve analysts have given UPS a “Strong Buy,” while one has rated it a “Buy.” Fifteen analysts have given the stock a “Hold” recommendation, one has rated it “Sell,” and one has rated it “Strong Sell.”
Seeking Alpha analysts, on average, see the stock as a “Hold.” SA contributor JR Research wrote in an April 25 report, “UPS posted Q1 earnings that fell by 35%. However, it’s likely anticipated. Despite challenges, UPS is confident in its ability to turn things around in the second half of the year. UPS has several growth drivers to bolster its recovery. Wall Street is still pessimistic over UPS’s 3Y outlook, as near-term risks could persist. UPS’s attractive valuation and pessimism suggest buyers are likely early in its recovery thesis, potentially improving their risk/reward.”
