United Parcel Service Downgraded to Neutral at Atlantic Securities (UPS)
United Parcel Service (NYSE:UPS) was downgraded by analysts at Atlantic Securities from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.
UPS has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of United Parcel Service in a research note on Wednesday. They now have a $120.00 price target on the stock, down previously from $122.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of United Parcel Service in a research note on Wednesday. They now have a $116.00 price target on the stock, down previously from $120.00. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of United Parcel Service in a research note on Wednesday. They now have a $104.00 price target on the stock, down previously from $106.00. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $108.27.
In other United Parcel Service news, SVP Mitchell R. Nichols unloaded 4,525 shares of the stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $99.40, for a total value of $449,785.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of United Parcel Service (NYSE:UPS) traded down 0.06% on Thursday, hitting $97.03. The stock had a trading volume of 3,345,667 shares. United Parcel Service has a 1-year low of $85.18 and a 1-year high of $105.37. The stock has a 50-day moving average of $102.4 and a 200-day moving average of $99.37. The company has a market cap of $88.821 billion and a P/E ratio of 25.04.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.25 by $0.04. The company had revenue of $14.27 billion for the quarter, compared to the consensus estimate of $14.10 billion. During the same quarter last year, the company posted $1.13 earnings per share. United Parcel Service’s revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that United Parcel Service will post $4.96 earnings per share for the current fiscal year.
United Parcel Service, Inc (NYSE:UPS) is a package delivery company.
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