United Parcel Service, Inc. (NYSE:UPS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released 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.”
A number of other equities research analysts also recently weighed in on UPS. Sanford C. Bernstein reissued an “outperform” rating and set a $116.00 price target on shares of United Parcel Service in a research note on Friday, November 25th. JPMorgan Chase & Co. assumed coverage on shares of United Parcel Service in a research note on Tuesday, December 13th. They issued a “neutral” rating and a $118.00 target price for the company. Loop Capital assumed coverage on shares of United Parcel Service in a research note on Monday, December 19th. They issued a “hold” rating and a $124.00 target price for the company. Aegis assumed coverage on shares of United Parcel Service in a research note on Friday, December 23rd. They issued a “hold” rating and a $120.00 target price for the company. Finally, Vetr raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $119.82 target price for the company in a research note on Tuesday, January 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $113.47.
Shares of United Parcel Service (NYSE:UPS) traded up 0.23% during midday trading on Friday, hitting $105.77. 3,036,307 shares of the company’s stock traded hands. The firm has a market capitalization of $92.02 billion, a price-to-earnings ratio of 27.33 and a beta of 0.91. The company has a 50 day moving average price of $106.07 and a 200 day moving average price of $110.46. United Parcel Service has a 1-year low of $100.05 and a 1-year high of $120.44. United Parcel Service also was the target of unusually large options trading activity on Friday. Traders acquired 875 put options on the company. This is an increase of 104% compared to the average daily volume of 429 put options.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, January 31st. The transportation company reported $1.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.69 by $0.06. The business had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $17.01 billion. United Parcel Service had a return on equity of 193.90% and a net margin of 5.63%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $1.57 earnings per share. Equities analysts anticipate that United Parcel Service will post $5.95 earnings per share for the current year.
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In related news, SVP Teri P. Mcclure sold 4,500 shares of the stock in a transaction on Friday, February 24th. The shares were sold at an average price of $104.85, for a total transaction of $471,825.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in UPS. Norges Bank purchased a new stake in shares of United Parcel Service during the fourth quarter worth approximately $696,564,000. The Manufacturers Life Insurance Company purchased a new stake in shares of United Parcel Service during the third quarter worth approximately $183,368,000. Renaissance Technologies LLC purchased a new stake in shares of United Parcel Service during the fourth quarter worth approximately $149,468,000. Asset Management One Co. Ltd. boosted its stake in shares of United Parcel Service by 1,782.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,252,362 shares of the transportation company’s stock worth $143,601,000 after buying an additional 1,185,828 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of United Parcel Service by 4.0% in the fourth quarter. State Street Corp now owns 28,520,469 shares of the transportation company’s stock worth $3,269,589,000 after buying an additional 1,107,157 shares in the last quarter. Institutional investors and hedge funds 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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