United Parcel Service Sees Unusually Large Options Volume (UPS)
Shares of United Parcel Service (NYSE:UPS) saw unusually large options trading on Monday. Traders acquired 18,840 call options on the company, Analyst Ratings Network reports. This is an increase of 120% compared to the typical volume of 8,559 call options.
A number of analysts have recently weighed in on UPS shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of United Parcel Service in a research note to investors on Monday, December 16th. They now have a $123.00 price target on the stock, up previously from $100.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of United Parcel Service in a research note to investors on Friday, November 22nd. They now have a $106.00 price target on the stock. Finally, analysts at Credit Suisse raised their EPS on shares of United Parcel Service in a research note to investors on Monday, October 28th. They now have an “outperform” rating and a $105.00 price target on the stock. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. United Parcel Service has an average rating of “Buy” and a consensus price target of $97.36.
Shares of United Parcel Service (NYSE:UPS) traded down 2.23% during mid-day trading on Monday, hitting $100.23. 3,510,140 shares of the company’s stock traded hands. United Parcel Service has a 1-year low of $78.54 and a 1-year high of $105.37. The stock’s 50-day moving average is $102.6 and its 200-day moving average is $93.46. The company has a market cap of $93.049 billion and a price-to-earnings ratio of 67.09.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Friday, October 25th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that United Parcel Service will post $4.76 EPS for the current fiscal year.
United Parcel Service, Inc (NYSE:UPS) is a package delivery company.
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