United Parcel Service Receives Consensus Rating of “Buy” from Brokerages (NYSE:UPS)
Shares of United Parcel Service (NYSE:UPS) have received an average rating of “Buy” from the twelve ratings firms that are covering the stock, Analyst Ratings.Net reports. Five equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $108.30.
United Parcel Service (NYSE:UPS) traded up 0.10% on Thursday, hitting $98.90. 382,562 shares of the company’s stock traded hands. United Parcel Service has a 52 week low of $85.18 and a 52 week high of $105.37. The stock has a 50-day moving average of $100.3 and a 200-day moving average of $99.27. The company has a market cap of $90.345 billion and a price-to-earnings ratio of 25.48.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts predict that United Parcel Service will post $4.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Investors of record on Monday, August 18th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Thursday, August 14th.
Several analysts have recently commented on the stock. Analysts at Atlantic Securities downgraded shares of United Parcel Service from an “overweight” rating to a “neutral” rating in a research note on Thursday, July 31st. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of United Parcel Service in a research note on Wednesday, July 30th. They now have a $120.00 price target on the stock, down previously from $122.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of United Parcel Service in a research note on Wednesday, July 30th. They now have a $116.00 price target on the stock, down previously from $120.00.
United Parcel Service, Inc (NYSE:UPS) is a package delivery company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.