United Parcel Service Sees Unusually Large Options Volume (UPS)
Shares of United Parcel Service (NYSE:UPS) saw some unusual options trading activity on Monday. Investors purchased 14,856 call options on the company, Stock Ratings Network reports. This is an increase of approximately 152% compared to the typical volume of 5,893 call options.
In other United Parcel Service news, Director Michael Eskew unloaded 6,182 shares of United Parcel Service stock on the open market in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $86.25, for a total value of $533,197.50. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on UPS. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of United Parcel Service (NYSE:UPS) in a research note to investors on Monday. They now have a $98.00 price target on the stock, up previously from $96.00. Separately, analysts at Barclays Capital upgraded shares of United Parcel Service (NYSE:UPS) from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday. They now have a $106.00 price target on the stock, up previously from $88.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of United Parcel Service (NYSE:UPS) in a research note to investors on Wednesday, September 4th. They now have a $90.00 price target on the stock.
Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $92.73.
United Parcel Service (NYSE:UPS) traded up 1.05% during mid-day trading on Monday, hitting $89.59. The stock had a trading volume of 3,491,229 shares. United Parcel Service has a 1-year low of $69.56 and a 1-year high of $91.78. The stock has a 50-day moving average of $87.0 and a 200-day moving average of $86.08. The company has a market cap of $84.060 billion and a price-to-earnings ratio of 102.97.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.13 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.13. The company had revenue of $13.51 billion for the quarter, compared to the consensus estimate of $13.59 billion. During the same quarter last year, the company posted $1.15 earnings per share. United Parcel Service’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that United Parcel Service will post $4.76 earnings per share for the current fiscal year.
United Parcel Service, Inc (NYSE:UPS) is a package delivery company.
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