United Parcel Service, Inc. (NYSE:UPS)‘s stock had its “neutral” rating reissued by equities researchers at Credit Suisse Group AG in a note issued to investors on Tuesday. They currently have a $108.00 price objective on the transportation company’s stock. Credit Suisse Group AG’s target price indicates a potential downside of 5.41% from the stock’s current price.

Several other brokerages also recently weighed in on UPS. Seaport Global Securities started coverage on United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating for the company. BidaskClub upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Sanford C. Bernstein restated an “outperform” rating and set a $127.00 price objective on shares of United Parcel Service in a research report on Monday, July 3rd. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $116.00 price objective 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 issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $114.57.

United Parcel Service (NYSE UPS) traded up 0.43% on Tuesday, hitting $114.18. The company had a trading volume of 1,985,838 shares. The firm has a 50-day moving average price of $111.17 and a 200-day moving average price of $107.93. United Parcel Service has a 12-month low of $102.12 and a 12-month high of $120.44. The firm has a market capitalization of $98.88 billion, a PE ratio of 28.07 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.12. United Parcel Service had a return on equity of 624.08% and a net margin of 8.79%. The business had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.49 billion. During the same period in the prior year, the company earned $1.43 EPS. United Parcel Service’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities research analysts anticipate that United Parcel Service will post $6.01 earnings per share for the current fiscal year.

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In other news, SVP Kathleen M. Gutmann sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $107.49, for a total transaction of $214,980.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James J. Barber sold 3,556 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The disclosure for this sale can be found here. 0.59% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of UPS. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in shares of United Parcel Service by 0.3% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,477 shares of the transportation company’s stock worth $159,000 after buying an additional 4 shares during the period. Alpha Windward LLC increased its position in shares of United Parcel Service by 0.4% in the third quarter. Alpha Windward LLC now owns 1,796 shares of the transportation company’s stock worth $196,000 after buying an additional 8 shares during the period. Savant Capital LLC increased its position in shares of United Parcel Service by 0.3% in the second quarter. Savant Capital LLC now owns 3,490 shares of the transportation company’s stock worth $376,000 after buying an additional 10 shares during the period. Investors Asset Management of Georgia Inc. GA ADV increased its position in shares of United Parcel Service by 0.4% in the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 2,715 shares of the transportation company’s stock worth $297,000 after buying an additional 10 shares during the period. Finally, Trust Department MB Financial Bank N A increased its position in shares of United Parcel Service by 0.7% in the second quarter. Trust Department MB Financial Bank N A now owns 2,130 shares of the transportation company’s stock worth $206,000 after buying an additional 15 shares during the period. Institutional investors own 52.90% 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.

Analyst Recommendations for United Parcel Service (NYSE:UPS)

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