Transportation as a Service, or TaaS, is one of the fastest-growing sectors in the market today. TaaS companies are a part of the segment that provides delivery services, transportation services, rental services, and more. The platform features on-demand mobility platforms for ride-sharing, biking, and renting cars. Meanwhile, the COVID-19 pandemic hampered TaaS growth, so it still has a way to go before it reaches its full potential and the future seems exciting thanks to recent developments in the automotive industry and consumer behavior.
We have compiled a list of five TaaS companies that you should invest in now.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
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Union Pacific Corporation (UNP)
Union Pacific Corporation (UNP) stock gained 2.48% to close Monday’s session at $198.60. The stock volume remained 3.0 million shares, which was higher than the average daily volume of 2.72 million shares within the past 50 days. UNP shares have fallen by -11.80% over the last 12 months, and they have moved up by 2.34% in the past week. Over the past three months, the stock has lost -8.44%, while over the past six months, it has shed -17.97%. Further, the company has a current market of $125.91 billion and its outstanding shares stood at 625.60 million.
UNION INVESTMENT PRIVATFONDS GMB bought a fresh place in Union Pacific Corporation (NYSE: UNP). The institutional investor bought 3.1 million shares of the stock in a transaction that took place on 7/29/2022. In another most recent transaction, which held on 9/30/2022, HAMLIN CAPITAL MANAGEMENT LLC bought approximately 201.7 thousand shares of Union Pacific Corporation In a separate transaction which took place on 9/30/2022, the institutional investor, IA CLARINGTON INVESTMENTS, INC. bought 85.9 thousand shares of the company’s stock. The total Institutional investors and hedge funds own 80.40% of the company’s stock.
FedEx Corporation (FDX)
On Monday, shares in FedEx Corporation (FDX) rise 0.01% to close the day at $156.98. The volume of shares traded was 3.12 million, which is lower than the average volume over the last three months of 3.36 million. During the trading session, the stock oscillated between $155.3969 and $159.87. The company had an earnings-per-share ratio of 13.60. FDX’s stock has gained 2.46% of its value in the previous five sessions and -2.51% over the past month but has lost -39.31% on a year-to-date basis. The stock’s 50-day moving average of $190.60 is above the 200-day moving average of $216.35. Moreover, the stock is currently trading at an RSI of 39.04.
Morgan Stanley rated the FedEx Corporation (NYSE: FDX) stock “an Equal-weight”, with the firm’s price target at $250-$125. Morgan Stanley’s estimates were contained in a research note released on Tuesday, September 27, 2022. Several other experts on Wall Street have posted such reports regarding the FDX shares. According to Evercore ISI, the stock is “an Outperform,” at $225. Evercore ISI published its figures in a research note released to investors on Friday, September 23, 2022. Other experts at Cowen have the stock’s price target at $185 price; with their rating of the stock is “an Outperform.”. These scores were published in a research note the firm released on Friday, September 23, 2022.
DoorDash Inc. (DASH)
The stock of DoorDash Inc. (DASH) gained 6.15% to complete the last trading session at $45.71. The price range of the company’s shares was between $44.43 and $46.71. It traded 4.32 million shares, which was below its daily average of 5.64 million shares over 100 days. DASH’s shares have dropped by -4.19% in the last five days, while they have subtracted -22.70% in the last month. Further, it is currently trading at a price-to-book ratio of 2.25. Additionally, the price-to-cash flow ratio stood at 68.17.
Now let’s turn our focus to how large-scale investors are behaving with this stock. DoorDash Inc.’s current insider ownership accounts for 0.50%, in contrast to 87.40% institutional ownership. According to the most recent latest insider trade that took place on Oct 06 this organization’s Director sold 1,250 at the rate of 53.27, making the entire transaction hit $66,588 in total value, affecting insider ownership by 86,028. Preceding that transaction, on Sep 06 Company’s President and COO sold 94,000 at a price of 57.91, making the whole transaction’s value amount to $5.44 million. This particular insider is now the holder of 370,890 in total.
United Parcel Service Inc. (UPS)
United Parcel Service Inc. (UPS) stock closed the last session at $164.72, increasing 1.88% or $3.04. Shares of the company fluctuated between $163.73 and $166.12 throughout the day. The number of shares exchanged was 2.27 million, less than the company’s 50-day daily volume of 2.89 million and lower than its Year-to-date volume of 3.19 million. In the past 12 months, the company’s stock has advanced by -14.98%, and in the last week, the stock has moved up 3.12%. For the last six months, the stock has lost a total of -11.99%, and over the last three months, the stock has decreased by -11.35%. The stock has returned -23.15% so far this year. Additionally, the stock is trading at a price-to-earnings ratio of 13.21.
The Williams Percent Range or Williams %R is a well-known specialized pointer made by Larry Williams to help recognize overbought and oversold circumstances. United Parcel Service Inc. (NYSE: UPS)’s Williams Percent Range or Williams %R at the time of writing is to be seated at 34.38% for 9-Day. It is also calculated for different time spans. Currently, for this organization, Williams %R is stood at 34.38% for 14-Day, 60.14% for 20-Day, 81.94% for 50-Day and to be seated at 81.94% for 100-Day. Relative Strength Index, or RSI (14), which is a technical analysis gauge, is also used to measure momentum on a scale of zero to 100 for overbought and oversold. In the case of United Parcel Service Inc., the RSI reading has hit 41.63 for 14-Day.
GATX Corporation (GATX)
GATX Corporation (GATX) stock added 3.52% to finish the last trading session at $94.39. The stock recorded a trading volume of 0.14 million shares, which is below the average daily trading volume published for the last 50 days of 0.15 million shares. The shares of GATX Corporation have retreated by 4.26% in the last five days; however, they have lost -2.09% over the last month. The stock price has shed -3.79% over the last three months and has lost -1.46 percent so far this year. Further, the stock is being traded at a price-to-earnings ratio of 18.93. Additionally, it has a price-to-sales ratio that stands at 2.70.
Looking at the support for the GATX, a number of firms have released research notes about the stock. Sidoti started their Buy rating for the stock in a research note on February 02, 2022. Susquehanna coverage for the GATX Corporation (GATX) stock in a research note released on July 26, 2021, offered a Positive rating with a price target of $12. Susquehanna coverage for the GATX Corporation (GATX) stock in a research note released on July 26, 2021, offered a Positive rating with a price target of $12. Cowen was of the view on July 16, 2021, that the stock is Outperform, while Cowen gave the stock Market Perform rating on February 09, 2021, issuing a price target of $84- $99. Stephens on their part issued an Overweight rating on June 16, 2020.