United Parcel Service (UPS) Upgraded by Edward Jones to Buy

Edward Jones upgraded shares of United Parcel Service (NYSE:UPS) from a hold rating to a buy rating in a report released on Friday.

A number of other equities analysts also recently commented on UPS. Cowen upped their target price on shares of United Parcel Service from $115.00 to $124.00 and gave the stock a market perform rating in a research note on Monday, October 23rd. Stifel Nicolaus upped their target price on shares of United Parcel Service from $103.00 to $112.00 and gave the stock a hold rating in a research note on Friday, October 27th. BMO Capital Markets upped their target price on shares of United Parcel Service from $115.00 to $128.00 and gave the stock a market perform rating in a research note on Friday, October 27th. Loop Capital upped 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 note on Friday, October 27th. Finally, UBS Group upped their target price on shares of United Parcel Service from $117.00 to $126.00 and gave the stock a neutral rating in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. United Parcel Service presently has a consensus rating of Hold and an average price target of $126.47.

United Parcel Service (NYSE UPS) traded down $0.99 during trading on Friday, reaching $106.40. 6,119,070 shares of the company were exchanged, compared to its average volume of 5,460,000. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.22 and a quick ratio of 1.06. United Parcel Service has a 12 month low of $102.12 and a 12 month high of $135.53. The stock has a market cap of $91,690.00, a price-to-earnings ratio of 18.97, a P/E/G ratio of 1.62 and a beta of 0.91.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.01. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The company had revenue of $18.83 billion for the quarter, compared to analyst estimates of $18.20 billion. During the same period in the prior year, the company posted $1.63 EPS. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. equities analysts predict that United Parcel Service will post 7.23 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.91 per share. The ex-dividend date is Friday, February 16th. This is an increase from United Parcel Service’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.42%. United Parcel Service’s dividend payout ratio (DPR) is currently 59.18%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SNS Financial Group LLC boosted its stake in United Parcel Service by 0.5% in the second quarter. SNS Financial Group LLC now owns 4,417 shares of the transportation company’s stock valued at $488,000 after acquiring an additional 24 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in United Parcel Service by 0.4% in the second quarter. Riverhead Capital Management LLC now owns 10,870 shares of the transportation company’s stock valued at $1,202,000 after acquiring an additional 44 shares in the last quarter. Davidson & Garrard Inc. boosted its stake in United Parcel Service by 3.1% in the second quarter. Davidson & Garrard Inc. now owns 1,929 shares of the transportation company’s stock valued at $213,000 after acquiring an additional 58 shares in the last quarter. AMG Funds LLC boosted its stake in United Parcel Service by 0.4% in the second quarter. AMG Funds LLC now owns 15,594 shares of the transportation company’s stock valued at $1,725,000 after acquiring an additional 68 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its stake in United Parcel Service by 1.3% in the second quarter. GHP Investment Advisors Inc. now owns 8,239 shares of the transportation company’s stock valued at $911,000 after acquiring an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 53.55% of the company’s stock.

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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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