Credit Suisse Group reissued their hold rating on shares of United Parcel Service, Inc. (NYSE:UPS) in a research note published on Thursday morning. The firm currently has a $116.00 target price on the transportation company’s stock, up from their previous target price of $108.00. The analysts noted that the move was a valuation call.
Other equities research analysts have also recently issued 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. Robert W. Baird reissued a hold rating and issued a $118.00 price target on shares of United Parcel Service in a research report on Friday, August 25th. Sanford C. Bernstein reissued an outperform rating and issued a $127.00 price target on shares of United Parcel Service in a research report on Monday, July 3rd. Finally, Zacks Investment Research cut shares of United Parcel Service from a hold rating to a sell rating in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $117.25.
Shares of United Parcel Service (NYSE UPS) opened at 118.36 on Thursday. The stock’s 50 day moving average price is $117.23 and its 200 day moving average price is $110.82. United Parcel Service has a one year low of $102.12 and a one year high of $120.80. The stock has a market cap of $102.50 billion, a price-to-earnings ratio of 29.10 and a beta of 0.90.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.12. The business 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%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.43 EPS. Analysts forecast that United Parcel Service will post $6.01 earnings per share for the current year.
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In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total value of $2,019,455.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction on Monday, July 31st. The shares were 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. Insiders own 0.59% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of UPS. V Wealth Management LLC acquired a new position in United Parcel Service in the second quarter valued at $102,000. Parkside Financial Bank & Trust increased its stake 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 acquiring an additional 160 shares during the period. First PREMIER Bank increased its stake in shares of United Parcel Service by 5.0% during the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after acquiring an additional 50 shares during the period. Ullmann Financial Group Inc. acquired a new position in shares of United Parcel Service during the first quarter worth about $126,000. Finally, Winslow Evans & Crocker Inc. increased its stake in shares of United Parcel Service by 261.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after acquiring an additional 899 shares during the period. Institutional investors own 52.86% of the company’s stock.
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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