United Parcel Service, Inc. (UPS) Upgraded at Zacks Investment Research
United Parcel Service, Inc. (NYSE:UPS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The firm presently has a $133.00 target price on the transportation company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 12.52% from the company’s previous close.
According to Zacks, “United Parcel Service's shares have outperformed its industry as well as rival FedEx over the last three months. While the stock has gained 7.1%, the industry has advanced 5.3%. Shares of FedEx have gained only 1.5% in the period. In fact, UPS is leaving no stone unturned to perform well in the upcoming holiday season. It expects to benefit from the growth in ecommerce. Meanwhile, growth in export shipments continues to boost UPS. Additionally, the company’s efforts to reward its shareholders seem to be encouraging. Earlier this year, it hiked quarterly dividend by 6.4%. Furthermore, UPS' expansion efforts raise investors’ optimism. However, adverse foreign currency movements and high costs might hurt results in the third quarter of 2017. Results are scheduled to be revealed on Oct 26.”
Several other equities research analysts have also recently weighed in on UPS. BidaskClub upgraded shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Citigroup Inc. upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and increased their target price for the company from $115.00 to $128.00 in a research note on Tuesday, August 8th. Robert W. Baird reiterated a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a research note on Sunday, October 1st. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $123.00 target price (up previously from $116.00) on shares of United Parcel Service in a research note on Wednesday, September 20th. Finally, TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $116.38.
Shares of United Parcel Service (UPS) opened at 118.20 on Friday. The company has a 50-day moving average price of $116.32 and a 200 day moving average price of $110.25. The company has a market capitalization of $102.36 billion, a price-to-earnings ratio of 29.06 and a beta of 0.90. United Parcel Service has a one year low of $102.12 and a one year high of $120.80. United Parcel Service also was the target of some unusual options trading activity on Wednesday. Stock traders acquired 8,546 put options on the stock. This represents an increase of approximately 417% compared to the typical volume of 1,652 put options.
United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.12. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The business had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter last year, the company earned $1.43 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. On average, analysts forecast that United Parcel Service will post $6.01 EPS for the current fiscal year.
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In related news, insider James J. Barber sold 3,556 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alan Gershenhorn sold 17,699 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in United Parcel Service by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock worth $163,000 after purchasing an additional 5 shares in the last quarter. Founders Capital Management increased its holdings in shares of United Parcel Service by 0.3% during the second quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock worth $594,000 after buying an additional 15 shares in the last quarter. Bollard Group LLC increased its holdings in shares of United Parcel Service by 0.8% during the second quarter. Bollard Group LLC now owns 2,239 shares of the transportation company’s stock worth $248,000 after buying an additional 17 shares in the last quarter. Guardian Life Insurance Co. of America increased its holdings in shares of United Parcel Service by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock worth $285,000 after buying an additional 18 shares in the last quarter. Finally, Conservest Capital Advisors Inc. increased its holdings in shares of United Parcel Service by 0.8% during the second quarter. Conservest Capital Advisors Inc. now owns 2,913 shares of the transportation company’s stock worth $322,000 after buying an additional 23 shares in the last quarter. 52.86% of the stock is owned by hedge funds and other institutional investors.
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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