Bank of America Corporation reiterated their neutral rating on shares of United Parcel Service, Inc. (NYSE:UPS) in a report issued on Friday, October 6th. They currently have a $124.00 price objective on the transportation company’s stock, up from their previous price objective of $117.00.
A number of other analysts have also recently weighed in on UPS. BidaskClub raised United Parcel Service from a strong sell rating to a sell rating in a research report on Friday, August 11th. Citigroup Inc. upgraded United Parcel Service from a neutral rating to a buy rating and raised their target price for the stock from $115.00 to $128.00 in a research note on Tuesday, August 8th. Oppenheimer Holdings, Inc. restated a buy rating and issued a $123.00 price target (up previously from $116.00) on shares of United Parcel Service in a research note on Wednesday, September 20th. Robert W. Baird reiterated a hold rating and issued a $118.00 price objective on shares of United Parcel Service in a report on Sunday, October 1st. Finally, TheStreet upgraded United Parcel Service from a c rating to a b rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. United Parcel Service presently has a consensus rating of Hold and a consensus price target of $117.25.
United Parcel Service (UPS) opened at 118.15 on Friday. United Parcel Service has a 52 week low of $102.12 and a 52 week high of $120.80. The firm has a market cap of $102.31 billion, a P/E ratio of 29.05 and a beta of 0.90. The firm’s 50-day moving average price is $117.47 and its 200 day moving average price is $111.06.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.46 by $0.12. The company had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.49 billion. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. United Parcel Service’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $1.43 EPS. Equities analysts forecast that United Parcel Service will post $6.01 earnings per share for the current fiscal year.
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In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $110.85, for a total transaction of $394,182.60. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.
Several large investors have recently modified their holdings of UPS. V Wealth Management LLC acquired a new stake in shares of United Parcel Service during the second quarter valued at approximately $102,000. Parkside Financial Bank & Trust grew its position in United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock worth $116,000 after acquiring an additional 160 shares in the last quarter. First PREMIER Bank boosted its holdings in shares of United Parcel Service by 5.0% during the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after buying an additional 50 shares during the period. Ullmann Financial Group Inc. bought a new stake in shares of United Parcel Service during the 1st quarter worth $126,000. Finally, Winslow Evans & Crocker Inc. raised its stake in United Parcel Service by 261.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 899 shares during the last quarter. 52.86% of the stock is owned by institutional investors.
United Parcel Service Company Profile
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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