United Parcel Service Receives Average Recommendation of “Buy” from Analysts (NYSE:UPS)
Shares of United Parcel Service (NYSE:UPS) have received an average recommendation of “Buy” from the sixteen analysts that are presently covering the stock, Analyst Ratings.Net reports. Six analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $108.60.
UPS has been the subject of a number of recent research reports. Analysts at Argus raised their price target on shares of United Parcel Service to $115.00 in a research note on Tuesday, July 1st. They now have a “buy” rating on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of United Parcel Service in a research note on Monday, June 30th. They now have a $112.00 price target on the stock, up previously from $105.00. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of United Parcel Service in a research note on Monday, June 16th. They now have a $114.00 price target on the stock, up previously from $111.00.
United Parcel Service (NYSE:UPS) opened at 102.14 on Thursday. United Parcel Service has a 1-year low of $85.18 and a 1-year high of $105.37. The stock’s 50-day moving average is $102. and its 200-day moving average is $99.40. The company has a market cap of $93.499 billion and a price-to-earnings ratio of 22.82.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.98 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.04 earnings per share. United Parcel Service’s revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that United Parcel Service will post $5.09 earnings per share for the current fiscal year.
United Parcel Service, Inc (NYSE:UPS) is a package delivery company.
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