United Parcel Service, Inc. (UPS) Stock Rating Reaffirmed by Robert W. Baird
United Parcel Service, Inc. (NYSE:UPS)‘s stock had its “hold” rating reiterated by stock analysts at Robert W. Baird in a report issued on Friday. They currently have a $118.00 price target on the transportation company’s stock. Robert W. Baird’s price target suggests a potential upside of 4.06% from the stock’s current price.
Other equities research analysts have also recently 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 Tuesday, June 20th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Seaport Global Securities began coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They issued a “neutral” rating for the company. Credit Suisse Group reissued a “neutral” rating and issued a $108.00 target price on shares of United Parcel Service in a research report on Tuesday, August 15th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $116.00 target price on shares of United Parcel Service in a research report on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. United Parcel Service has an average rating of “Hold” and a consensus target price of $114.80.
United Parcel Service (NYSE:UPS) traded up 0.04% during midday trading on Friday, hitting $113.40. 2,015,061 shares of the stock traded hands. The company has a 50-day moving average of $112.04 and a 200-day moving average of $108.21. The stock has a market cap of $98.20 billion, a PE ratio of 27.88 and a beta of 0.88. United Parcel Service has a 1-year low of $102.12 and a 1-year high of $120.44.
United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.12. The company had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. United Parcel Service’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.43 earnings per share. On average, equities analysts expect that United Parcel Service will post $6.01 EPS for the current fiscal year.
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In other United Parcel Service news, SVP Kathleen M. Gutmann sold 2,000 shares of the business’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 is accessible through this hyperlink. Also, insider James J. Barber sold 3,556 shares of the business’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. In the last three months, insiders have sold 23,255 shares of company stock valued at $2,628,619. Insiders own 0.59% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kovitz Investment Group increased its position in shares of United Parcel Service by 30.9% in the third quarter. Kovitz Investment Group now owns 343,659 shares of the transportation company’s stock valued at $33,916,000 after buying an additional 81,193 shares during the last quarter. Ken Stern & Associates increased its position in shares of United Parcel Service by 19.9% in the third quarter. Ken Stern & Associates now owns 3,761 shares of the transportation company’s stock valued at $371,000 after buying an additional 623 shares during the last quarter. J. Goldman & Company acquired a new position in shares of United Parcel Service during the third quarter valued at approximately $8,350,000. TrimTabs Asset Management acquired a new position in shares of United Parcel Service during the third quarter valued at approximately $2,202,000. Finally, Park National increased its position in shares of United Parcel Service by 2.0% in the fourth quarter. Park National now owns 102,892 shares of the transportation company’s stock valued at $9,902,000 after buying an additional 2,018 shares during the last quarter. 52.90% of the stock is owned by hedge funds and other institutional investors.
About United Parcel Service
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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