United Parcel Service Target of Unusually High Options Trading (UPS)
United Parcel Service (NYSE:UPS) was the recipient of unusually large options trading on Monday. Stock investors purchased 10,611 call options on the stock, Analyst Ratings Net reports. This represents an increase of 152% compared to the typical volume of 4,207 call options.
A number of research firms have recently commented on UPS. 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. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $108.30.
Shares of United Parcel Service (NYSE:UPS) traded up 0.13% during mid-day trading on Monday, hitting $97.90. 1,785,533 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 $100.0 and a 200-day moving average of $99.29. The company has a market cap of $89.432 billion and a P/E ratio of 25.22.
United Parcel Service (NYSE:UPS) last released its earnings data 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. Stockholders 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 2.74%. The ex-dividend date of this dividend is Thursday, August 14th.
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.