Deutsche Bank downgraded shares of United Parcel Service (NYSE:UPS) from a buy rating to a hold rating in a research note published on Thursday morning. The firm currently has $115.00 price objective on the transportation company’s stock.
A number of other analysts also recently issued reports on the stock. Goldman Sachs Group assumed coverage on shares of United Parcel Service in a research report on Monday, November 13th. They set a buy rating and a $148.00 target price for the company. Oppenheimer reissued a buy rating and set a $123.00 target price on shares of United Parcel Service in a research report on Monday, November 6th. Knight Equity reissued a buy rating and set a $135.00 target price (down previously from $145.00) on shares of United Parcel Service in a research report on Monday, January 8th. Edward Jones raised shares of United Parcel Service from a hold rating to a buy rating in a research report on Friday, February 16th. Finally, Credit Suisse Group reissued a hold rating and set a $137.00 target price on shares of United Parcel Service in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. United Parcel Service presently has an average rating of Hold and an average price target of $123.83.
United Parcel Service (NYSE UPS) opened at $105.08 on Thursday. The firm has a market cap of $89,937.30, a PE ratio of 17.39, a PEG ratio of 1.56 and a beta of 0.91. United Parcel Service has a 1-year low of $102.12 and a 1-year high of $135.53. The company has a current ratio of 1.22, a quick ratio of 1.06 and a debt-to-equity ratio of 19.69.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.01. The business had revenue of $18.83 billion for the quarter, compared to analyst estimates of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The company’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.63 EPS. research analysts anticipate that United Parcel Service will post 7.23 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Tuesday, February 20th will be given a $0.91 dividend. This is an increase from United Parcel Service’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, February 16th. This represents a $3.64 annualized dividend and a yield of 3.46%. United Parcel Service’s dividend payout ratio (DPR) is 64.77%.
Large investors have recently modified their holdings of the business. Wesbanco Bank Inc. grew its position in shares of United Parcel Service by 9.4% during the second quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock worth $6,845,000 after buying an additional 5,325 shares in the last quarter. Sawyer & Company Inc bought a new position in United Parcel Service during the fourth quarter worth $2,779,000. Crossmark Global Holdings Inc. bought a new position in United Parcel Service during the third quarter worth $8,978,000. BP PLC lifted its stake in United Parcel Service by 47.3% during the third quarter. BP PLC now owns 81,000 shares of the transportation company’s stock worth $9,726,000 after purchasing an additional 26,000 shares during the last quarter. Finally, Exencial Wealth Advisors LLC lifted its stake in United Parcel Service by 3.5% during the second quarter. Exencial Wealth Advisors LLC now owns 40,831 shares of the transportation company’s stock worth $4,516,000 after purchasing an additional 1,373 shares during the last quarter. 53.33% of the stock is owned by institutional investors.
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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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