Transportation as a Service refers to many different things, but the general idea is simple – using a vehicle you don’t personally own to get around. For example, ride-sharing services such as Uber and Lyft are prime examples of TaaS.
These have become extremely popular in recent years because they offer people a relatively low-cost method of getting around without public transportation or taxis. It’s often touted as a very safe option, and the convenience of being picked up and dropped off at your location of choice makes it worth the extra cost compared to a bus or train.
However, there are many other ways to use other people’s vehicles as a service. These are just a few examples of how wide-reaching the TaaS industry is. Now that we know its influence, let’s take a look at TaaS stocks and if they’re worth investing in.
FedEx Corporation (FDX)
FedEx Corporation (FDX) stock closed last session at $208.72, decreasing -1.48% or -$3.14. Shares of the company fluctuated between $207.23 and $214.41 throughout the day. The number of shares exchanged was 1.41 million, less than the company’s 50-day daily volume of 1.82 million and lower than its Year-to-date volume of 2.33 million. In the past 12 months, the company’s stock has advanced by -21.85%, and in the last week, the stock has moved down by -4.33%. For the last six months, the stock has lost a total of -2.71%, and over the last three months, the stock has decreased by -4.56%. The stock has returned -19.30% so far this year. Additionally, the stock is trading at a price-to-earnings ratio of 14.46.
Berenberg rated the FedEx Corporation (NYSE: FDX) stock “a Hold”, with the firm’s price target at $333-$275. Berenberg’s estimates were contained in a research note released on Friday, July 01, 2022. Several other experts on Wall Street have posted such reports regarding the FDX shares. According to UBS, the stock is “a Buy,” at $312. UBS published its figures in a research note released to investors on Friday, June 24, 2022. Other experts at Stifel have the stock’s price target at $288 price; their rating of the stock is “a Buy.”. These scores were published in a research note the firm released on Friday, December 17, 2021.
Lyft Inc. (LYFT)
Lyft Inc. (LYFT) stock subtracted -0.48% to finish the last trading session at $14.60. The stock recorded a trading volume of 7.8 million shares, which is below the average daily trading volume published for the last 50 days of 13.55 million shares. The shares of Lyft Inc. have advanced by -2.47% in the last five days; however, they have lost -16.04% over the last month. The stock price has shed -16.09% over the last three months and has lost -70.39 percent so far this year. Additionally, it has a price-to-sales ratio that stands at 1.40.
Sverchek Kristin, President of Business Affairs, of Lyft Inc. (LYFT), sold 18,885 shares of Lyft Inc. stock in an exchange that took place on Aug 10. The shares were sold at an average price of 20.05 each, amounting to a total Sale worth $378,663. As of the close of the Sale, the President of Business Affairs now directly holds 194,538 shares of the organization’s stock, which is now worth about $2840254.8. The deal was disclosed in a Securities & Exchange Commission legal filing, which can be publicly viewed on the SEC website.
GATX Corporation (GATX)
On Friday, shares in GATX Corporation (GATX) fell by -2.23% to close the day at $93.05. The volume of shares traded was 0.15 million, which is lower than the average volume over the last three months of 156.58K. During the trading session, the stock oscillated between $92.79 and $96.23. The company had an earnings per share ratio of 4.99. GATX’s stock has lost -6.15% of its value in the previous five sessions and -6.73% over the past month but has lost -10.69% on a year-to-date basis. The stock’s 50-day moving average of $97.14 is above the 200-day moving average of $104.80. Moreover, the stock is currently trading at an RSI of 34.91.
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 a 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.
Avis Budget Group Inc. (CAR)
Avis Budget Group Inc. (CAR) stock lost -2.31% to close Friday’s session at $161.73. The stock volume remained at 0.47 million shares, which was lower than the average daily volume of 0.89 million shares within the past 50 days. CAR shares have risen by 70.26% over the last 12 months, and they have moved down by -8.42% in the past week. Over the past three months, the stock has lost -15.53%, while over the past six months, it has shed -7.41%. Further, the company has a current market of $7.96 billion and its outstanding shares stood at 48.50 million.
According to SEC data, total insider shares purchases at the company stands at 53 over the last 12 months, while SEC filings reveal that there have been 72 insider sales over the same period. Insiders have purchased 3,198,876 shares while those sold by company executives and officers stand at 3,194,014. The last 3 months have seen insiders trade a total of 132,153 and 76,424 in purchases and sales respectively.
Union Pacific Corporation (UNP)
The stock of Union Pacific Corporation (UNP) lost -0.94% to complete the last trading session at $223.94. The price range of the company’s shares was between $222.93 and $228.12. It traded 1.57 million shares, which was below its daily average of 2.69 million shares over 100 days. UNP’s shares have dropped by -3.17% in the last five days, while they have subtracted -1.50% in the last month. The company has a current dividend yield of 2.32%. Further, it is currently trading at a price-to-earnings ratio of 20.85 and a price-to-book ratio of 11.02. Additionally, the price-to-cash flow ratio stood at 54.65.
Union Pacific Corporation (UNP) has a 20-day trading average of $234.40 and the current price is -19.72% off the 52-week high compared with a 14.44% distance from its 52-week low. The 50-day simple moving average of the closing price is $223.10 and its 200-day simple moving average is $237.11. If we look at the stock’s price movements over the week, volatility stands at 2.12%, which decreases to 1.65% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 40.77 to suggest the stock is neutral.