United Parcel Service, Inc. (UPS) Stock Rating Upgraded by Zacks Investment Research

United Parcel Service, Inc. (NYSE:UPS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday.

According to Zacks, “United Parcel Service shares gained only 0.22% in the last one year, significantly underperforming the Zacks Transportation-Air Freight industry that recorded a 6% increase in the period. Shares of United Parcel have lagged those of rival FedEx, which have appreciated 16.3% in the same time span. United Parcel struggled in the recent holiday season due to higher costs of package deliveries. Moreover, the company’s disappointing view for full-year 2017 is a dampener. Foreign currency-related headwinds are expected to hurt 2017 results. However, the company’s decision to hike its quarterly dividend, earlier in the year, is encouraging. The company's efforts to expand further also raise optimism.”

A number of other research analysts have also recently commented on UPS. Sanford C. Bernstein restated an “outperform” rating and set a $116.00 price target on shares of United Parcel Service in a research note on Friday, November 25th. JPMorgan Chase & Co. initiated coverage on shares of United Parcel Service in a research note on Tuesday, December 13th. They issued a “neutral” rating and a $118.00 target price for the company. Loop Capital initiated coverage on shares of United Parcel Service in a research note on Monday, December 19th. They issued a “hold” rating and a $124.00 target price for the company. Aegis initiated coverage on shares of United Parcel Service in a research note on Friday, December 23rd. They issued a “hold” rating and a $120.00 target price for the company. Finally, Vetr upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $119.82 target price for the company in a research note on Tuesday, January 3rd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $113.47.

Analyst Recommendations for United Parcel Service (NYSE:UPS)

Shares of United Parcel Service (NYSE:UPS) traded up 0.23% during trading on Friday, reaching $105.77. The company had a trading volume of 3,039,407 shares. The stock’s 50-day moving average price is $106.07 and its 200-day moving average price is $110.46. United Parcel Service has a 12 month low of $100.05 and a 12 month high of $120.44. The stock has a market capitalization of $92.02 billion, a PE ratio of 27.33 and a beta of 0.91. United Parcel Service also was the recipient of unusually large options trading activity on Friday. Investors bought 875 put options on the company. This represents an increase of approximately 104% compared to the typical volume of 429 put options.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, January 31st. The transportation company reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by $0.06. The business had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $17.01 billion. United Parcel Service had a return on equity of 193.90% and a net margin of 5.63%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.57 EPS. Equities analysts forecast that United Parcel Service will post $5.95 earnings per share for the current fiscal year.

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In other United Parcel Service news, SVP Teri P. Mcclure sold 4,500 shares of United Parcel Service stock in a transaction on Friday, February 24th. The shares were sold at an average price of $104.85, for a total transaction of $471,825.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Alpha Windward LLC raised its position in shares of United Parcel Service by 0.4% in the third quarter. Alpha Windward LLC now owns 1,796 shares of the transportation company’s stock valued at $196,000 after buying an additional 8 shares during the period. Investors Asset Management of Georgia Inc. GA ADV raised its position in shares of United Parcel Service by 0.4% in the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 2,715 shares of the transportation company’s stock valued at $297,000 after buying an additional 10 shares during the period. Bollard Group LLC raised its position in shares of United Parcel Service by 0.7% in the third quarter. Bollard Group LLC now owns 2,190 shares of the transportation company’s stock valued at $239,000 after buying an additional 16 shares during the period. CLS Investments LLC raised its position in shares of United Parcel Service by 0.6% in the fourth quarter. CLS Investments LLC now owns 2,916 shares of the transportation company’s stock valued at $334,000 after buying an additional 18 shares during the period. Finally, Atlas Brown Inc. raised its position in shares of United Parcel Service by 0.9% in the first quarter. Atlas Brown Inc. now owns 2,296 shares of the transportation company’s stock valued at $246,000 after buying an additional 20 shares during the period. 53.19% of the stock is owned by hedge funds and other institutional investors.

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.

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