United Parcel Service, Inc. (NYSE:UPS) had its price objective upped by investment analysts at BMO Capital Markets from $115.00 to $128.00 in a report issued on Friday, October 27th. The brokerage presently has a “market perform” rating on the transportation company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 11.49% from the company’s previous close.
A number of other equities analysts have also recently commented on UPS. BidaskClub upgraded United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $115.00 to $128.00 in a report on Tuesday, August 8th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $123.00 target price (up previously from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. Robert W. Baird reiterated a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a report on Sunday, October 1st. Finally, Stifel Nicolaus boosted their price objective on United Parcel Service from $103.00 to $112.00 and gave the company a “hold” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $120.74.
United Parcel Service (NYSE UPS) traded up $1.58 during midday trading on Friday, reaching $114.81. The company’s stock had a trading volume of 3,301,300 shares, compared to its average volume of 2,701,966. The stock has a market cap of $98,440.00, a PE ratio of 18.93, a PEG ratio of 2.04 and a beta of 0.92. 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 fifty-two week low of $102.12 and a fifty-two week high of $121.75.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting the consensus estimate of $1.45. The business had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 EPS. equities analysts predict that United Parcel Service will post 6.01 EPS for the current fiscal year.
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In related news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.59% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. V Wealth Management LLC purchased a new stake in United Parcel Service during the 2nd quarter valued at about $102,000. Parkside Financial Bank & Trust grew its stake in United Parcel Service by 17.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 160 shares during the last quarter. First PREMIER Bank grew its stake in United Parcel Service by 5.0% during the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 50 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in United Parcel Service during the 3rd quarter valued at about $120,000. Finally, Ullmann Financial Group Inc. purchased a new stake in United Parcel Service during the 1st quarter valued at about $126,000. Institutional investors and hedge funds own 53.07% of the company’s stock.
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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