United Parcel Service Given Consensus Rating of “Buy” by Brokerages (NYSE:UPS)
United Parcel Service (NYSE:UPS) has been given an average rating of “Buy” by the twenty ratings firms that are currently covering the stock, Analyst Ratings.Net reports. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $100.58.
A number of research firms have recently commented on UPS. Analysts at Cowen and Company raised their price target on shares of United Parcel Service from $96.00 to $99.00 in a research note on Thursday, January 30th. They now have a “market perform” rating on the stock. Separately, analysts at Susquehanna initiated coverage on shares of United Parcel Service in a research note on Tuesday, January 14th. They set a “neutral” rating and a $107.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of United Parcel Service in a research note on Monday, December 16th. They now have a $123.00 price target on the stock, up previously from $100.00.
In other United Parcel Service news, Director Carol Tome sold 1,343 shares of the company’s stock on the open market in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $96.93, for a total value of $130,176.99. Following the completion of the transaction, the director now directly owns 5,547 shares of the company’s stock, valued at approximately $537,671. The sale was disclosed in a legal filing with the SEC, which is available at this link.
United Parcel Service (NYSE:UPS) traded down 0.61% on Tuesday, hitting $95.36. 994,161 shares of the company’s stock traded hands. United Parcel Service has a 52 week low of $81.51 and a 52 week high of $105.37. The stock’s 50-day moving average is $97.46 and its 200-day moving average is $95.57. The company has a market cap of $88.527 billion and a price-to-earnings ratio of 20.81.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by $0.02. The company had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.20 billion. Analysts expect that United Parcel Service will post $5.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 11th. Investors of record on Monday, February 24th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Thursday, February 20th. This is an increase from United Parcel Service’s previous quarterly dividend of $0.62.
United Parcel Service, Inc (NYSE:UPS) is a package delivery company.
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