United Parcel Service’s (UPS) “Hold” Rating Reiterated at Credit Suisse Group

Credit Suisse Group reiterated their hold rating on shares of United Parcel Service (NYSE:UPS) in a report published on Wednesday. The firm currently has a $137.00 price target on the transportation company’s stock.

UPS has been the topic of several other reports. Robert W. Baird reiterated a hold rating and issued a $130.00 price target on shares of United Parcel Service in a research note on Tuesday, January 9th. Oppenheimer reiterated a buy rating and issued a $123.00 price target on shares of United Parcel Service in a research note on Monday, November 6th. BMO Capital Markets increased their price target on shares of United Parcel Service from $115.00 to $128.00 and gave the company a market perform rating in a research note on Friday, October 27th. JPMorgan Chase & Co. raised their target price on shares of United Parcel Service from $113.00 to $114.00 and gave the stock a neutral rating in a research report on Thursday, October 12th. Finally, Loop Capital raised their target price on shares of United Parcel Service from $120.00 to $128.00 and gave the stock a hold rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the stock. United Parcel Service has a consensus rating of Hold and an average target price of $124.09.

United Parcel Service (NYSE:UPS) opened at $133.08 on Wednesday. The company has a market cap of $114,680.00, a P/E ratio of 32.70, a price-to-earnings-growth ratio of 2.08 and a beta of 0.92. United Parcel Service has a one year low of $102.12 and a one year high of $135.53. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. The company had revenue of $15.98 billion for the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.44 earnings per share. equities research analysts anticipate that United Parcel Service will post 5.99 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in shares of United Parcel Service by 0.3% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock worth $163,000 after purchasing an additional 5 shares during the period. SNS Financial Group LLC lifted its holdings in shares of United Parcel Service by 0.5% during the second quarter. SNS Financial Group LLC now owns 4,417 shares of the transportation company’s stock worth $488,000 after purchasing an additional 24 shares during the period. Riverhead Capital Management LLC lifted its holdings in shares of United Parcel Service by 0.4% during the second quarter. Riverhead Capital Management LLC now owns 10,870 shares of the transportation company’s stock worth $1,202,000 after purchasing an additional 44 shares during the period. Security National Trust Co. lifted its holdings in shares of United Parcel Service by 3.9% during the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock worth $143,000 after purchasing an additional 48 shares during the period. Finally, BTR Capital Management Inc. lifted its holdings in shares of United Parcel Service by 0.4% during the second quarter. BTR Capital Management Inc. now owns 13,458 shares of the transportation company’s stock worth $1,488,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 53.50% of the company’s stock.

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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.

Analyst Recommendations for United Parcel Service (NYSE:UPS)

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