Zacks Investment Research Downgrades United Parcel Service, Inc. (NYSE:UPS) to Sell
United Parcel Service, Inc. (NYSE:UPS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.
According to Zacks, “Shares of United Parcel Service have underperformed the Zacks-categorized Transportation-Air Freight industry over the last one year. The company is being troubled by headwinds like higher costs and foreign exchange-related issues. Foreign currency-related headwinds are expected to hurt results in the second quarter of 2017, scheduled to be revealed on Jul 27. The negative sentiment surrounding the stock can be gauged from the 0.7% decline in the Zacks Consensus Estimate to $1.46 per share over the last two months. United Parcel's efforts to reward its shareholders are, however, impressive. The company hiked quarterly dividend by 6.4% earlier this year. Its expansion efforts also raise optimism.”
Other equities analysts have also issued research reports about the stock. BidaskClub raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Seaport Global Securities started coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They issued a “neutral” rating on the stock. Sanford C. Bernstein reissued an “outperform” rating and issued a $127.00 price target on shares of United Parcel Service in a research report on Monday, July 3rd. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $116.00 price target on shares of United Parcel Service in a research report on Friday, May 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $114.57.
United Parcel Service (NYSE UPS) traded down 0.33% during midday trading on Monday, hitting $112.04. 1,551,859 shares of the stock traded hands. The company has a 50-day moving average price of $107.27 and a 200-day moving average price of $108.93. United Parcel Service has a 1-year low of $102.12 and a 1-year high of $120.44. The firm has a market cap of $97.22 billion, a P/E ratio of 28.62 and a beta of 0.88.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, April 27th. The transportation company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.03. The firm had revenue of $15.32 billion for the quarter, compared to analyst estimates of $15.19 billion. United Parcel Service had a net margin of 5.60% and a return on equity of 320.39%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 earnings per share. Analysts predict that United Parcel Service will post $5.95 EPS for the current year.
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In related news, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.59% of the company’s stock.
Large investors have recently bought and sold shares of the company. iAB Financial Bank increased its stake in United Parcel Service by 2.9% in the first quarter. iAB Financial Bank now owns 8,850 shares of the transportation company’s stock worth $950,000 after buying an additional 250 shares in the last quarter. Clarkston Capital Partners LLC increased its stake in United Parcel Service by 7.9% in the first quarter. Clarkston Capital Partners LLC now owns 192,019 shares of the transportation company’s stock worth $20,604,000 after buying an additional 14,075 shares in the last quarter. First Merchants Corp increased its stake in United Parcel Service by 2.4% in the first quarter. First Merchants Corp now owns 6,946 shares of the transportation company’s stock worth $746,000 after buying an additional 165 shares in the last quarter. Guggenheim Capital LLC increased its stake in United Parcel Service by 10.6% in the fourth quarter. Guggenheim Capital LLC now owns 402,664 shares of the transportation company’s stock worth $46,162,000 after buying an additional 38,621 shares in the last quarter. Finally, Banco Santander S.A. acquired a new stake in United Parcel Service during the fourth quarter worth $2,293,000. Hedge funds and other institutional investors own 53.26% of the company’s stock.
United Parcel Service Company Profile
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.
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