Investors Buy Large Volume of United Parcel Service Put Options (UPS)
Shares of United Parcel Service (NYSE:UPS) saw some unusual options trading on Friday. Investors bought 10,550 put options on the stock, AnalystRatings.Net reports. This represents an increase of approximately 187% compared to the typical daily volume of 3,677 put options.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $93.87.
Shares of United Parcel Service (NYSE:UPS) traded up 1.19% on Friday, hitting $95.61. The stock had a trading volume of 5,203,368 shares. United Parcel Service has a one year low of $69.56 and a one year high of $91.78. The stock’s 50-day moving average is $87.0 and its 200-day moving average is $86.08. The company has a market cap of $89.708 billion and a P/E ratio of 109.74.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Friday, October 25th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.01. The company had revenue of $13.52 billion for the quarter, compared to the consensus estimate of $13.61 billion. During the same quarter in the previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis.
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.