Shares of United Parcel Service, Inc. (NYSE:UPS) have been assigned a consensus rating of “Hold” from the twenty-two brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $125.49.
UPS has been the subject of several recent analyst reports. ValuEngine downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Monday, July 16th. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research note on Tuesday, July 24th. Goldman Sachs Group set a $139.00 target price on United Parcel Service and gave the company a “buy” rating in a research note on Wednesday, July 25th. Finally, Stephens set a $128.00 target price on United Parcel Service and gave the company a “hold” rating in a research note on Wednesday, July 25th.
Shares of NYSE UPS opened at $115.64 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 8.54. The stock has a market cap of $100.45 billion, a PE ratio of 19.24, a P/E/G ratio of 1.74 and a beta of 1.16. United Parcel Service has a 52 week low of $101.45 and a 52 week high of $135.53.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Wednesday, July 25th. The transportation company reported $1.94 EPS for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.01. The business had revenue of $17.46 billion for the quarter, compared to analyst estimates of $17.34 billion. United Parcel Service had a return on equity of 364.89% and a net margin of 7.49%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.58 EPS. Research analysts expect that United Parcel Service will post 7.25 earnings per share for the current year.
In other United Parcel Service news, SVP Kathleen M. Gutmann sold 1,700 shares of the firm’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $119.92, for a total value of $203,864.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider George Willis sold 4,312 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total value of $523,218.08. The disclosure for this sale can be found here. Insiders sold a total of 8,512 shares of company stock valued at $1,031,932 in the last quarter. Corporate insiders own 0.56% of the company’s stock.
Several hedge funds have recently made changes to their positions in UPS. Vulcan Value Partners LLC bought a new stake in shares of United Parcel Service in the 2nd quarter worth approximately $308,056,000. Mainstay Capital Management LLC ADV lifted its position in shares of United Parcel Service by 4,846.8% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 890,030 shares of the transportation company’s stock worth $9,208,000 after buying an additional 872,038 shares during the period. Cornerstone Wealth Management LLC lifted its position in shares of United Parcel Service by 10,460.5% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 852,658 shares of the transportation company’s stock worth $8,053,000 after buying an additional 844,584 shares during the period. Acadian Asset Management LLC bought a new position in shares of United Parcel Service during the 2nd quarter worth approximately $77,014,000. Finally, Chevy Chase Trust Holdings Inc. bought a new position in shares of United Parcel Service during the 2nd quarter worth approximately $62,422,000. Institutional investors own 53.96% 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.
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