United Parcel Service Receives “Buy” Rating from Sanford C. Bernstein (UPS)
United Parcel Service (NYSE:UPS)‘s stock had its “buy” rating reiterated by investment analysts at Sanford C. Bernstein in a note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. They currently have a $98.00 price objective on the stock. Sanford C. Bernstein’s target price would indicate a potential upside of 6.75% from the company’s current price.
United Parcel Service (NYSE:UPS) opened at 91.80 on Wednesday. United Parcel Service has a 52-week low of $69.56 and a 52-week high of $92.12. The stock’s 50-day moving average is $88.29 and its 200-day moving average is $86.73. The company has a market cap of $86.134 billion and a P/E ratio of 106.62.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.13 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts predict that United Parcel Service will post $4.76 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer raised their price target on shares of United Parcel Service (NYSE:UPS) from $97.00 to $100.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Credit Suisse raised their EPS on shares of United Parcel Service (NYSE:UPS) in a research note to investors on Friday, September 27th. They now have an “outperform” rating and a $100.00 price target on the stock. Finally, 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, September 16th. They now have a $106.00 price target on the stock, up previously from $88.00. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. United Parcel Service presently has an average rating of “Buy” and a consensus price target of $93.87.
United Parcel Service, Inc (NYSE:UPS) is a package delivery company.
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