United Parcel Service, Inc. (NYSE:UPS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors 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 analysts have also recently weighed in on the stock. Morgan Stanley lowered their price target on shares of United Parcel Service to $77.00 in a report on Wednesday, February 22nd. Bank of America Corp cut shares of United Parcel Service from a “buy” rating to a “neutral” rating and set a $114.00 target price for the company. in a research note on Wednesday, February 22nd. Barclays PLC reiterated a “hold” rating and issued a $122.00 target price on shares of United Parcel Service in a research note on Tuesday, January 10th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $116.00 target price on shares of United Parcel Service in a research note on Wednesday, December 7th. Finally, Credit Suisse Group AG reiterated a “neutral” rating and issued a $111.00 target price (up from $109.00) on shares of United Parcel Service in a research note on Monday, March 6th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $113.47.
United Parcel Service (NYSE:UPS) traded up 0.23% during mid-day trading on Friday, reaching $105.77. The company had a trading volume of 3,039,407 shares. The firm has a market capitalization of $92.02 billion, a price-to-earnings ratio of 27.33 and a beta of 0.91. United Parcel Service has a 12-month low of $100.05 and a 12-month high of $120.44. The firm has a 50-day moving average price of $106.07 and a 200 day moving average price of $110.46. United Parcel Service also was the target of some unusual options trading activity on Friday. Stock traders acquired 875 put options on the company. This represents an increase of 104% compared to the average volume of 429 put options.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, January 31st. The transportation company reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.69 by $0.06. United Parcel Service had a net margin of 5.63% and a return on equity of 193.90%. The firm earned $16.98 billion during the quarter, compared to the consensus estimate of $17.01 billion. During the same quarter in the prior year, the business posted $1.57 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts expect that United Parcel Service will post $5.95 EPS for the current 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.72% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. First PREMIER Bank boosted its position in shares of United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock valued at $107,000 after buying an additional 100 shares during the last quarter. Tompkins Financial Corp boosted its position in shares of United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock valued at $106,000 after buying an additional 75 shares during the last quarter. SRS Capital Advisors Inc. purchased a new position in shares of United Parcel Service during the fourth quarter valued at $125,000. Security National Trust Co. boosted its position in shares of United Parcel Service by 3.8% in the third quarter. Security National Trust Co. now owns 1,099 shares of the transportation company’s stock valued at $120,000 after buying an additional 40 shares during the last quarter. Finally, Lombard Odier & Cie Canada Limited Partnership purchased a new position in shares of United Parcel Service during the third quarter valued at $120,000. 53.19% of the stock is currently 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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