United Parcel Service (NYSE:UPS) Receives Neutral Rating from Credit Suisse Group

Credit Suisse Group reaffirmed their neutral rating on shares of United Parcel Service (NYSE:UPS) in a research note published on Thursday morning, Borsen Zeitung reports. Credit Suisse Group currently has a $122.00 price objective on the transportation company’s stock.

A number of other brokerages have also recently weighed in on UPS. Loop Capital set a $140.00 price objective on shares of United Parcel Service and gave the stock a buy rating in a research note on Monday, September 23rd. Morgan Stanley dropped their price objective on shares of United Parcel Service from $85.00 to $78.00 and set an underweight rating for the company in a research note on Thursday, December 12th. Wells Fargo & Co initiated coverage on shares of United Parcel Service in a research note on Monday, October 28th. They issued an outperform rating and a $138.00 target price for the company. BMO Capital Markets cut shares of United Parcel Service from an outperform rating to a market perform rating and lowered their target price for the stock from $125.00 to $123.00 in a research note on Tuesday, December 10th. Finally, UBS Group set a $136.00 target price on shares of United Parcel Service and gave the stock a buy rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $123.75.

Shares of UPS traded down $0.01 during mid-day trading on Thursday, reaching $118.60. 3,397,372 shares of the company’s stock were exchanged, compared to its average volume of 2,673,514. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 4.27. The company has a 50-day simple moving average of $117.70 and a two-hundred day simple moving average of $116.38. United Parcel Service has a 52-week low of $92.65 and a 52-week high of $125.31. The company has a market cap of $101.75 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 1.67 and a beta of 1.21.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.01. United Parcel Service had a net margin of 6.81% and a return on equity of 154.80%. The business had revenue of $18.32 billion during the quarter, compared to analysts’ expectations of $18.35 billion. During the same period last year, the company posted $1.82 EPS. The company’s revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts predict that United Parcel Service will post 7.52 EPS for the current fiscal year.

In other United Parcel Service news, COO James J. Barber sold 1,500 shares of United Parcel Service stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $116.43, for a total value of $174,645.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in UPS. Ancora Advisors LLC lifted its holdings in shares of United Parcel Service by 0.8% during the 3rd quarter. Ancora Advisors LLC now owns 10,879 shares of the transportation company’s stock valued at $1,303,000 after acquiring an additional 85 shares in the last quarter. Bernardo Wealth Planning LLC lifted its holdings in shares of United Parcel Service by 0.6% during the 2nd quarter. Bernardo Wealth Planning LLC now owns 15,340 shares of the transportation company’s stock valued at $1,584,000 after acquiring an additional 88 shares in the last quarter. Ascension Asset Management LLC lifted its holdings in shares of United Parcel Service by 0.9% during the 4th quarter. Ascension Asset Management LLC now owns 10,070 shares of the transportation company’s stock valued at $1,179,000 after acquiring an additional 90 shares in the last quarter. Glassman Wealth Services lifted its holdings in shares of United Parcel Service by 22.5% during the 3rd quarter. Glassman Wealth Services now owns 501 shares of the transportation company’s stock valued at $60,000 after acquiring an additional 92 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of United Parcel Service by 12.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 834 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 55.76% 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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