Oppenheimer Holdings, Inc. Reiterates Buy Rating for United Parcel Service, Inc. (NYSE:UPS)

Oppenheimer Holdings, Inc. reaffirmed their buy rating on shares of United Parcel Service, Inc. (NYSE:UPS) in a research report report published on Monday, November 6th. Oppenheimer Holdings, Inc. currently has a $123.00 price target on the transportation company’s stock. Oppenheimer Holdings also issued estimates for United Parcel Service’s Q4 2017 earnings at $1.64 EPS, FY2017 earnings at $5.98 EPS, Q1 2018 earnings at $1.37 EPS, Q2 2018 earnings at $1.69 EPS, Q3 2018 earnings at $1.61 EPS, Q4 2018 earnings at $1.83 EPS and FY2019 earnings at $7.10 EPS.

Several other research firms have also recently weighed in on UPS. Zacks Investment Research cut United Parcel Service from a buy rating to a hold rating in a report on Thursday, October 5th. TheStreet upgraded United Parcel Service from a c rating to a b rating in a report on Thursday, July 27th. Cowen and Company restated a hold rating on shares of United Parcel Service in a report on Tuesday, September 26th. BidaskClub cut United Parcel Service from a hold rating to a sell rating in a report on Friday, July 28th. Finally, Robert W. Baird restated a hold rating and set a $118.00 price target on shares of United Parcel Service in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $120.74.

United Parcel Service (UPS) opened at $112.94 on Monday. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06. United Parcel Service has a 12-month low of $102.12 and a 12-month high of $121.75. The company has a market capitalization of $97,323.79, a price-to-earnings ratio of 18.89, a P/E/G ratio of 2.03 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The company had revenue of $15.98 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter last year, the business earned $1.44 earnings per share. United Parcel Service’s revenue was up 7.0% on a year-over-year basis. analysts expect that United Parcel Service will post 6.01 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This story was first published by BBNS and is owned by of BBNS. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://baseballnewssource.com/markets/oppenheimer-holdings-inc-reaffirms-buy-rating-for-united-parcel-service-inc-ups/1762146.html.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.94%. The ex-dividend date is Friday, November 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 81.37%.

In other news, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.59% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. V Wealth Management LLC bought a new stake in shares of United Parcel Service during the second quarter valued at approximately $102,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of United Parcel Service during the third quarter valued at approximately $120,000. First PREMIER Bank increased its holdings in shares of United Parcel Service by 5.0% during the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 50 shares in the last quarter. Ullmann Financial Group Inc. bought a new stake in shares of United Parcel Service during the first quarter valued at approximately $126,000. Finally, Parkside Financial Bank & Trust grew its holdings in United Parcel Service by 14.1% during the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock worth $137,000 after buying an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 53.07% of the company’s stock.

About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Analyst Recommendations for United Parcel Service (NYSE:UPS)

Receive News & Ratings for United Parcel Service Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service Inc. and related companies with our FREE daily email newsletter.

 


Latest News

MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Brandon Morrow Becomes Hot Commodity
Brandon Morrow Becomes Hot Commodity


Leave a Reply

 
© 2006-2017 BBNS.