TaaS stock refers to a financial asset sold by a public company in the transportation as a service field. Before we look into some examples, let’s explain what the industry revolves around. TaaS is a new mindset. It involves relying on a third party to solve your transportation needs. It can mean taking a rented vehicle, hiring a taxi/public transportation alternative, and much more.
According to O.P. Agarwal, World Bank and chairman of the Transportation Research Board Committee on Transport in Developing Countries, trends like telecommuting, e-commerce, and online shopping might change the way in which we perceive urban transportation. These trends are likely to change the nature of traditional car ownership while creating a larger market for TaaS companies.
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The projected growth of TaaS stock value in the next 12 months is solid, and the current prices are comparatively low, which might just signify the right time to buy. Still, it’s not just about buying TaaS stock or not. It’s also about finding the right TaaS companies to invest in.
In this article, Stocks Telegraph is presenting you the 5 best TaaS companies stocks to buy right now.
Uber Technologies Inc. (UBER)
The stock of Uber Technologies Inc. (UBER) lost -1.92% to complete the last trading session at $27.53. The price range of the company’s shares was between $27.23 and $28.45. It traded 13.41 million shares, which was below its daily average of 28.78 million shares over 100 days. UBER’s shares have gained by 3.03% in the last five days, while they have subtracted -13.37% in the last month. Further, it is currently trading at a price-to-book ratio of 8.12. Additionally, the price-to-cash flow ratio stood at 85.91.
West Tony sold 4,167 shares of Uber Technologies Inc. stock in an exchange that took place on Sep 14. The shares were sold at an average price of 32.00 each, amounting to a total Sale worth $133,344. As of the close of the Sale, the insider now directly holds 142,593 shares of the organization’s stock, which is now worth about $3925585.29. The deal was disclosed in a Securities & Exchange Commission legal filing, which can be publicly viewed on the SEC website.
Union Pacific Corporation (UNP)
Union Pacific Corporation (UNP) stock subtracted -0.80% to finish the last trading session at $194.05. The stock recorded a trading volume of 2.86 million shares, which is below the average daily trading volume published for the last 50 days of 2.64 million shares. The shares of Union Pacific Corporation have advanced -3.10% in the last five days; however, they have lost -16.31% over the last month. The stock price has shed -6.03% over the last three months and has lost -10.36 percent so far this year. Further, the stock is being traded at a price-to-earnings ratio of 18.07. Additionally, it has a price-to-cash flow ratio of 47.54 and its price-to-sales ratio stands at 5.24.
Bernstein rated the Union Pacific Corporation (NYSE: UNP) stock “an Mkt perform”, with the firm’s price target at $234-$230. Bernstein’s estimates were contained in a research note released on Wednesday, September 14, 2022. Several other experts on Wall Street have posted such reports regarding the UNP shares. According to BofA Securities, the stock is “a Buy,”$260. BofA Securities published their figures in a research note released to investors on Monday, September 12, 2022. Other experts at Daiwa Securities have the stock’s price target at $242 price; with their rating of the stock is “Neutral”. These scores were published in a research note the firm released on Friday, August 26, 2022.
FedEx Corporation (FDX)
FedEx Corporation (FDX) stock closed last session at $153.21, decreasing -0.78% or -$1.2. Shares of the company fluctuated between $152.15 and $156.45 throughout the day. The number of shares exchanged was 5.31 million, greater than the company’s 50-day daily volume of 3.79 million and higher than its Year-to-date volume of 2.81 million. In the past 12 months, the company’s stock has advanced -31.43%, and in the last week, the stock has moved up 1.16%. For the last six months, the stock has lost a total of -23.97%, and over the last three months, the stock has decreased by -31.29%. The stock has returned -40.76% so far this year. Additionally, the stock is trading at a price-to-earnings ratio of 11.26.
AMUNDI ASSET MANAGEMENT SA (INVE bought a fresh place in FedEx Corporation (NYSE: FDX). The institutional investor bought 152.8 thousand shares of the stock in a transaction that took place on 9/06/2022. In another most recent transaction, which was held on 9/08/2022, IRISH LIFE INVESTMENT MANAGERS L bought approximately 69.0 thousand shares of FedEx Corporation In a separate transaction which took place on 9/30/2022, the institutional investor, GATEWAY INVESTMENT ADVISERS LLC bought 42.7 thousand shares of the company’s stock. The total Institutional investors and hedge funds own 73.70% of the company’s stock.
GATX Corporation (GATX)
GATX Corporation (GATX) stock gained 0.32% to close Monday’s session at $90.53. The stock volume remained at 76590.0 shares, which was lower than the average daily volume of 0.15 million shares within the past 50 days. GATX shares have fallen by -1.17% over the last 12 months, and they have moved up by 1.93% in the past week. Over the past three months, the stock has lost -0.85%, while over the past six months, it has shed -22.56%. Further, the company has a current market of $3.27 billion and its outstanding shares stood at 35.50 million.
Volatility is just a proportion of the anticipated day-by-day value extension—the range where an informal investor works. Greater instability implies more noteworthy benefit or misfortune. After an ongoing check, GATX Corporation (NYSE: GATX) stock is found to be 2.58% volatile for the week, while 3.04% volatility is recorded for the month. The outstanding shares have been calculated at 35.50M. Based on a recent bid, its distance from 20-day simple moving average is -2.58%, and its distance from the 50-day simple moving average is -6.32% while it has a distance of -12.69% from the 200-day simple moving average.
Expeditors International of Washington Inc. (EXPD)
On Monday, shares in Expeditors International of Washington Inc. (EXPD) rise 0.64% to close the day at $89.77. The volume of shares traded was 0.93 million, which is lower than the average volume over the last three months of 1.31 million. During the trading session, the stock oscillated between $88.95 and $90.80. The company had an earnings-per-share ratio of 9.07. EXPD’s stock has lost -1.25% of its value in the previous five sessions and -13.22% over the past month but has lost -33.15% on a year-to-date basis. The stock’s 50-day moving average of $99.42 is above the 200-day moving average of $104.68. Moreover, the stock is currently trading at an RSI of 38.81.
On July 12, 2022, several analysts downgraded their positions on the Expeditors International of Washington Inc. stock and predicted its performance to their investors. The analysts at Wolfe Research believe EXPD is still an Underperform. Another analyst that has a Peer perform rating for EXPD is Wolfe Research. The Benchmark Company initiated their Hold position on the stock and Cowen reiterated their Market Perform position on the stock ($132 and $112).