United Parcel Service Rating Reiterated by Credit Suisse (UPS)
United Parcel Service (NYSE:UPS)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse in a research report issued on Monday. They currently have a $114.00 price objective on the stock, up from their previous price objective of $111.00. Credit Suisse’s price objective indicates a potential upside of 12.84% from the stock’s previous close.
Shares of United Parcel Service (NYSE:UPS) traded down 0.11% on Monday, hitting $100.92. The stock had a trading volume of 687,937 shares. United Parcel Service has a one year low of $84.38 and a one year high of $105.37. The stock has a 50-day moving average of $101.0 and a 200-day moving average of $99.37. The company has a market cap of $92.382 billion and a P/E ratio of 22.39.
United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, April 24th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by $0.10. The company had revenue of $13.78 billion for the quarter, compared to the consensus estimate of $13.91 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Analysts expect that United Parcel Service will post $5.09 EPS for the current fiscal year.
UPS has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of United Parcel Service in a research note on Thursday, June 5th. They now have a $108.00 price target on the stock. Analysts at Macquarie reiterated an “outperform” rating on shares of United Parcel Service in a research note on Tuesday, May 27th. They now have a $110.00 price target on the stock, up previously from $103.00. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $107.22.
United Parcel Service, Inc (NYSE:UPS) is a package delivery company.
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