United Parcel Service, Inc. (NYSE:UPS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Saturday.
According to Zacks, “United Parcel Service shares gained only 0.22% in the last one year, significantly underperforming the Zacks Transportation-Air Freight industry that recorded a 6% increase in the period. Shares of United Parcel have lagged those of rival FedEx, which have appreciated 16.3% in the same time span. United Parcel struggled in the recent holiday season due to higher costs of package deliveries. Moreover, the company’s disappointing view for full-year 2017 is a dampener. Foreign currency-related headwinds are expected to hurt 2017 results. However, the company’s decision to hike its quarterly dividend, earlier in the year, is encouraging. The company's efforts to expand further also raise optimism.”
Other equities research analysts have also issued research reports about the stock. Wells Fargo & Co began coverage on shares of United Parcel Service in a report on Monday, March 13th. They issued a “market perform” rating and a $115.00 target price on the stock. TheStreet lowered shares of United Parcel Service from an “a-” rating to a “c” rating in a report on Thursday, February 2nd. Vetr raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $119.82 target price on the stock in a report on Tuesday, January 3rd. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $110.00 target price on shares of United Parcel Service in a report on Sunday, February 5th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $116.00 target price on shares of United Parcel Service in a report on Friday, November 25th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $113.47.
United Parcel Service (NYSE:UPS) traded up 0.23% during midday trading on Friday, reaching $105.77. 3,034,468 shares of the company were exchanged. The firm’s 50-day moving average is $106.07 and its 200-day moving average is $110.46. United Parcel Service has a one year low of $100.05 and a one year high of $120.44. The firm has a market cap of $92.02 billion, a P/E ratio of 27.33 and a beta of 0.91. United Parcel Service also was the recipient of some unusual options trading activity on Friday. Investors purchased 875 put options on the stock. This is an increase of approximately 104% compared to the typical daily volume of 429 put options.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, January 31st. The transportation company reported $1.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by $0.06. The business earned $16.98 billion during the quarter, compared to the consensus estimate of $17.01 billion. United Parcel Service had a net margin of 5.63% and a return on equity of 193.90%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $1.57 EPS. On average, equities analysts expect that United Parcel Service will post $5.95 EPS for the current fiscal year.
In other United Parcel Service news, SVP Teri P. Mcclure sold 4,500 shares of the company’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $104.85, for a total transaction of $471,825.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.72% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UPS. First PREMIER Bank increased its position in United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock worth $107,000 after buying an additional 100 shares during the last quarter. Tompkins Financial Corp increased its position in United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock worth $106,000 after buying an additional 75 shares during the last quarter. SRS Capital Advisors Inc. acquired a new position in United Parcel Service during the fourth quarter worth about $125,000. Security National Trust Co. increased its position in United Parcel Service by 3.8% in the third quarter. Security National Trust Co. now owns 1,099 shares of the transportation company’s stock worth $120,000 after buying an additional 40 shares during the last quarter. Finally, Lombard Odier & Cie Canada Limited Partnership acquired a new position in United Parcel Service during the third quarter worth about $120,000. Institutional investors own 53.19% 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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