Stock Traders Buy Large Volume of United Parcel Service Call Options (UPS)
Shares of United Parcel Service (NYSE:UPS) was the recipient of some unusual options trading activity on Friday. Traders purchased 25,764 call options on the company, Analyst Ratings Net reports. This represents an increase of 132% compared to the average daily volume of 11,092 call options.
A number of research firms have recently commented on UPS. 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 company. United Parcel Service presently has an average rating of “Buy” and an average target price of $93.87.
United Parcel Service (NYSE:UPS) opened at 95.61 on Monday. United Parcel Service has a one year low of $69.56 and a one 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 $91.159 billion and a P/E ratio of 61.84.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Friday, October 25th. The company reported $1.16 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.06 earnings per share. United Parcel Service’s revenue was up 3.4% compared to the same quarter last year. Analysts expect that United Parcel Service will post $4.75 EPS for the current fiscal year.
United Parcel Service, Inc (NYSE:UPS) is a package delivery company.
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