UPS is One of the Safest Stocks on the Market

UPS is down roughly 20% in 2022

Jun 13, 2022 at 10:39 AM
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When we last checked in with United Parcel Service, Inc. (NYSE:UPS), the shipping and logistics stock was unable to capitalize on the company's top-line beat. Now, more than a month later, UPS' technical setup remains bleak.

UPS is down 20% in 2022, with its 50-day moving average containing a breakout earlier in the month. Last seen trading at $170.90, the shares remain awfully close to their May 19 annual bottom of $165.34. 

UPS does provide an intriguing valuation at a forward price-earnings ratio of 13.37 and a price-sales ratio of 1.52. United Parcel Service also offers a very attractive dividend yield of 3.51% with a forward dividend of $6.08, making the reward potential relatively strong for long-term and dividend investors.

In addition, the shipping company is expected to maintain a healthy level of top and bottom line growth for 2022 and 2023. Estimates suggest that UPS will end fiscal 2022 with a 5% increase in both revenues and earnings. United Parcel Service is also estimated to grow revenues by 3.2% and earnings by 4% for fiscal 2023, making United Parcel Service stock one of the safest investments during this volatile market.

 

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