United Parcel Service, Inc. (UPS) Stock Rating Reaffirmed by Credit Suisse Group
United Parcel Service, Inc. (NYSE:UPS)‘s stock had its “hold” rating reiterated by investment analysts at Credit Suisse Group in a report issued on Thursday. They presently have a $116.00 target price on the transportation company’s stock, up from their prior target price of $108.00. Credit Suisse Group’s target price would indicate a potential downside of 1.99% from the stock’s current price. The analysts noted that the move was a valuation call.
Other analysts also recently issued research reports about the stock. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $123.00 target price (up previously from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. BidaskClub raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Zacks Investment Research downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Bank of America Corporation reissued a “neutral” rating and set a $124.00 target price (up previously from $117.00) on shares of United Parcel Service in a research report on Friday, October 6th. Finally, Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. United Parcel Service currently has an average rating of “Hold” and a consensus price target of $117.25.
Shares of United Parcel Service (UPS) traded down 1.01% on Thursday, hitting $118.36. 1,665,486 shares of the stock traded hands. United Parcel Service has a 52-week low of $102.12 and a 52-week high of $120.80. The stock has a market cap of $102.50 billion, a P/E ratio of 29.10 and a beta of 0.90. The stock’s 50 day moving average price is $117.23 and its 200 day moving average price is $110.82.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.12. The firm had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.43 EPS. 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 news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James J. Barber sold 3,556 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $110.85, for a total transaction of $394,182.60. The disclosure for this sale can be found here. 0.59% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in UPS. V Wealth Management LLC purchased a new stake in shares of United Parcel Service during the second quarter worth $102,000. Parkside Financial Bank & Trust grew its holdings in shares of United Parcel Service by 17.3% during the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock worth $116,000 after buying an additional 160 shares in the last quarter. First PREMIER Bank grew its holdings in shares of United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 50 shares during the period. Ullmann Financial Group Inc. purchased a new stake in shares of United Parcel Service in the first quarter valued at about $126,000. Finally, Winslow Evans & Crocker Inc. grew its holdings in shares of United Parcel Service by 261.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 899 shares during the period. 52.86% of the stock is owned by institutional investors and hedge funds.
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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