United Parcel Service Inc. Hits New 52-Week High at $92.60 (UPS)
Shares of United Parcel Service (NYSE:UPS) hit a new 52-week high during mid-day trading on Friday, Analyst RN reports. The stock traded as high as $92.60 and last traded at $92.52, with a volume of 1,456,888 shares trading hands. The stock had previously closed at $91.92.
UPS has been the subject of a number of recent research reports. Analysts at Sanford C. Bernstein reiterated a “buy” rating on shares of United Parcel Service in a research note to investors on Wednesday, October 2nd. They now have a $98.00 price target on the stock. Separately, analysts at Oppenheimer raised their price target on shares of United Parcel Service from $97.00 to $100.00 in a research note to investors on Wednesday, October 2nd. They now have an “outperform” rating on the stock. Finally, analysts at Credit Suisse raised their EPS on shares of United Parcel Service 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. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $93.87.
United Parcel Service has a 1-year low of $69.56 and a 1-year high of $92.12. The stock’s 50-day moving average is $89.62 and its 200-day moving average is $87.17. The company has a market cap of $87.260 billion and a price-to-earnings ratio of 106.76. United Parcel Service also was the recipient of some unusual options trading activity on Friday. Stock investors acquired 45,022 call options on the company. This is an increase of 649% compared to the typical daily volume of 6,013 call options.
United Parcel Service (NYSE:UPS) last released its earnings data 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 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 $4.75 earnings per share for the current fiscal year.
United Parcel Service, Inc (NYSE:UPS) is a package delivery company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.