United Parcel Service (UPS) Lifted to Buy at Bank of America

Bank of America upgraded shares of United Parcel Service (NYSE:UPS) from a neutral rating to a buy rating in a research note issued to investors on Monday morning, MarketBeat.com reports.

Several other equities research analysts have also recently commented on the stock. Stephens reaffirmed a hold rating and issued a $126.00 target price on shares of United Parcel Service in a research report on Monday, April 9th. Morgan Stanley increased their price target on shares of United Parcel Service from $79.00 to $90.00 and gave the stock an underweight rating in a research note on Friday, February 2nd. Deutsche Bank lowered shares of United Parcel Service from a buy rating to a hold rating and set a $115.00 price target for the company. in a research note on Thursday, February 22nd. Edward Jones upgraded shares of United Parcel Service from a hold rating to a buy rating in a research note on Friday, February 16th. Finally, Loop Capital upgraded shares of United Parcel Service from a hold rating to a buy rating and increased their price target for the stock from $105.61 to $128.00 in a research note on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. United Parcel Service presently has a consensus rating of Hold and a consensus target price of $124.26.

NYSE:UPS opened at $116.59 on Monday. United Parcel Service has a 12 month low of $115.53 and a 12 month high of $116.38. The company has a debt-to-equity ratio of 14.84, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $99.62 billion, a PE ratio of 19.40, a P/E/G ratio of 1.73 and a beta of 1.02.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, April 26th. The transportation company reported $1.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.01. United Parcel Service had a net margin of 7.53% and a return on equity of 417.48%. The firm had revenue of $17.11 billion during the quarter, compared to analysts’ expectations of $16.49 billion. During the same period last year, the company posted $1.32 EPS. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. research analysts forecast 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, June 6th. Shareholders of record on Monday, May 21st will be paid a dividend of $0.91 per share. The ex-dividend date is Friday, May 18th. This represents a $3.64 dividend on an annualized basis and a yield of 3.12%. United Parcel Service’s dividend payout ratio is currently 60.57%.

In other United Parcel Service news, SVP Teri P. Mcclure sold 4,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $106.80, for a total transaction of $480,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Norman M. Brothers, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $113.42, for a total transaction of $170,130.00. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Gables Capital Management Inc. bought a new stake in United Parcel Service during the 1st quarter valued at about $119,000. OLD Republic International Corp increased its stake in United Parcel Service by 13.9% during the 1st quarter. OLD Republic International Corp now owns 248,000 shares of the transportation company’s stock valued at $25,956,000 after purchasing an additional 30,300 shares in the last quarter. Arbor Wealth Management LLC bought a new stake in United Parcel Service during the 1st quarter valued at about $3,521,000. PVG Asset Management Corp bought a new stake in shares of United Parcel Service in the first quarter worth approximately $884,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in shares of United Parcel Service by 20.5% in the first quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 167,400 shares of the transportation company’s stock worth $17,520,000 after acquiring an additional 28,500 shares during the period. Institutional investors and hedge funds own 54.27% of the company’s stock.

About United Parcel Service

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

Analyst Recommendations for United Parcel Service (NYSE:UPS)

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