#5 - United Parcel Service (NYSE:UPS)
When it comes to last mile delivery, there are few better options than United Parcel Service (NYSE:UPS). The stock is up 15% in 2021. However, investors that bought into UPS stock at the beginning of the pandemic have been rewarded with an 80% gain in the company’s stock price. And those investors got an even higher total return with the company’s dividend that has been increasing for the last 12 years.
UPS is aggressively pivoting into the electric vehicle (EV) space. As an additional catalyst for the stock, UPS announced an agreement with Arrival to purchase 10,000 electric vehicles. Unlike long-haul delivery which is not quite ready for electrification, EVs are becoming a compelling solution for last-mile delivery companies because the short distances remove the issue of range anxiety.
The stock is beginning to look overbought but recent analyst reports are trending in a bullish direction. UPS is the top stock on the MarketBeat list of 100 Transportation Stocks.
About United Parcel Service
United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.
Read More - Current Price
- $125.68
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 7 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $151.29 (20.4% Upside)
