United Parcel Service Receives Overweight Rating from Barclays (UPS)
United Parcel Service (NYSE:UPS)‘s stock had its “overweight” rating reiterated by equities research analysts at Barclays in a research note issued to investors on Monday. They currently have a $120.00 price objective on the stock, up from their previous price objective of $112.00. Barclays’ price target would indicate a potential upside of 15.58% from the company’s current price.
A number of other analysts have also recently weighed in on UPS. 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 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. Finally, 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. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $109.40.
Shares of United Parcel Service (NYSE:UPS) traded up 0.31% during mid-day trading on Monday, hitting $104.14. 1,465,473 shares of the company’s stock traded hands. United Parcel Service has a one year low of $85.18 and a one year high of $105.37. The stock’s 50-day moving average is $102.8 and its 200-day moving average is $99.41. The company has a market cap of $95.330 billion and a P/E ratio of 23.00.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data 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. 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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