United Parcel Service (UPS) Downgraded to “Hold” at Deutsche Bank

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.

ILLEGAL ACTIVITY WARNING: “United Parcel Service (UPS) Downgraded to “Hold” at Deutsche Bank” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/23/united-parcel-service-ups-downgraded-to-hold-at-deutsche-bank.html.

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)

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply