United Parcel Service, Inc. (UPS) Stock Rating Reaffirmed by Credit Suisse Group

Credit Suisse Group reiterated their hold rating on shares of United Parcel Service, Inc. (NYSE:UPS) in a research report released on Thursday morning. Credit Suisse Group currently has a $116.00 target price on the transportation company’s stock, up from their previous target price of $108.00. The analysts noted that the move was a valuation call.

Several other research analysts also recently issued reports on the company. Bank of America Corporation reaffirmed a neutral rating and issued a $124.00 price objective (up previously from $117.00) on shares of United Parcel Service in a research note on Friday, October 6th. Zacks Investment Research raised United Parcel Service from a hold rating to a buy rating and set a $133.00 price objective for the company in a research note on Friday, October 6th. Robert W. Baird reaffirmed a hold rating and issued a $118.00 price objective on shares of United Parcel Service in a research note on Sunday, October 1st. Cowen and Company reaffirmed a hold rating on shares of United Parcel Service in a research note on Tuesday, September 26th. Finally, Oppenheimer Holdings, Inc. reaffirmed a buy rating and issued a $123.00 price objective (up previously from $116.00) on shares of United Parcel Service in a research note on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. United Parcel Service currently has an average rating of Hold and a consensus price target of $117.25.

United Parcel Service (NYSE UPS) opened at 118.36 on Thursday. United Parcel Service has a 52 week low of $102.12 and a 52 week high of $120.80. The stock has a 50 day moving average of $117.23 and a 200 day moving average of $110.85. The company has a market cap of $102.50 billion, a price-to-earnings ratio of 29.10 and a beta of 0.90.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.12. The firm had revenue of $15.75 billion during 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%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 earnings per share. Equities research analysts predict 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, insider James J. Barber sold 3,556 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $110.85, for a total transaction of $394,182.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alan Gershenhorn sold 17,699 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in UPS. Vanguard Group Inc. boosted its holdings in shares of United Parcel Service by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock worth $5,352,884,000 after buying an additional 1,262,293 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of United Parcel Service by 2,550.9% during the 1st quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after buying an additional 43,351,873 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of United Parcel Service by 4.0% during the 1st quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock worth $3,153,291,000 after buying an additional 1,117,802 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of United Parcel Service by 5.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock worth $2,606,905,000 after buying an additional 1,246,981 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of United Parcel Service by 0.5% during the 2nd quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock worth $1,587,793,000 after buying an additional 71,666 shares in the last quarter. 52.86% of the stock is owned by institutional investors and hedge funds.

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)

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