United Parcel Service (NYSE:UPS) was downgraded by analysts at Knight Equity from a “buy” rating to a “hold” rating in a report issued on Thursday. They presently have a $115.00 target price on the transportation company’s stock, down from their prior target price of $135.00. Knight Equity’s target price indicates a potential upside of 9.44% from the stock’s current price.
A number of other brokerages also recently commented on UPS. Goldman Sachs Group began coverage on United Parcel Service in a research report on Monday, November 13th. They set a “buy” rating and a $148.00 price objective on the stock. BMO Capital Markets lifted their price objective on United Parcel Service to $130.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. Vetr upgraded United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 price objective on the stock in a research report on Tuesday, December 26th. Deutsche Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $125.00 to $135.00 in a research report on Monday, December 4th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $137.00 price objective on shares of United Parcel Service in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $123.83.
Shares of United Parcel Service (UPS) traded up $0.38 during trading hours on Thursday, hitting $105.08. The stock had a trading volume of 3,357,008 shares, compared to its average volume of 5,610,000. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.22 and a quick ratio of 1.06. The firm has a market capitalization of $90,550.00, a price-to-earnings ratio of 19.79, a PEG ratio of 1.57 and a beta of 0.91. United Parcel Service has a 12-month low of $102.12 and a 12-month high of $135.53.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.01. The firm had revenue of $18.83 billion for the quarter, compared to analyst estimates of $18.20 billion. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The business’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 earnings per share. analysts forecast that United Parcel Service will post 7.23 earnings per share for the current year.
A number of large investors have recently bought and sold shares of UPS. Wagner Wealth Management LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at $115,000. Focused Wealth Management Inc acquired a new stake in shares of United Parcel Service in the fourth quarter valued at $106,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of United Parcel Service in the third quarter valued at $120,000. Resources Investment Advisors Inc. grew its stake in shares of United Parcel Service by 51.2% in the fourth quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock valued at $147,000 after buying an additional 418 shares in the last quarter. Finally, Epstein & White Financial LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at $228,000. Institutional investors own 53.33% 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.
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