United Parcel Service (UPS) Rating Increased to Buy at Stifel Nicolaus

Stifel Nicolaus upgraded shares of United Parcel Service (NYSE:UPS) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning, MarketBeat.com reports. They currently have $121.00 target price on the transportation company’s stock, down from their prior target price of $127.00.

UPS has been the subject of several other reports. Deutsche Bank cut shares of United Parcel Service from a buy rating to a hold rating and set a $115.00 target price for the company. in a research note on Thursday, February 22nd. Morgan Stanley boosted their target price on shares of United Parcel Service from $79.00 to $90.00 and gave the company an underweight rating in a research note on Friday, February 2nd. Knight Equity reiterated a buy rating and issued a $135.00 target price (down from $145.00) on shares of United Parcel Service in a research note on Monday, January 8th. Loop Capital upgraded shares of United Parcel Service from a hold rating to a buy rating and boosted their target price for the company from $105.61 to $128.00 in a research note on Monday, February 26th. Finally, Edward Jones upgraded shares of United Parcel Service from a hold rating to a buy rating in a research note on Friday, February 16th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $124.68.

How to Become a New Pot Stock Millionaire

United Parcel Service (NYSE UPS) opened at $110.38 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 19.69. United Parcel Service has a 12 month low of $102.12 and a 12 month high of $135.53. The stock has a market cap of $95,110.00, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.63 and a beta of 1.06.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.01. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The firm had revenue of $18.83 billion during the quarter, compared to analysts’ expectations of $18.20 billion. During the same period in the previous year, the business posted $1.63 EPS. The business’s revenue was up 11.2% compared to the same quarter last year. research analysts anticipate that United Parcel Service will post 7.23 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 7th. Shareholders of record on Tuesday, February 20th were given a $0.91 dividend. The ex-dividend date was Friday, February 16th. This represents a $3.64 dividend on an annualized basis and a yield of 3.30%. This is a boost from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s dividend payout ratio is presently 68.55%.

In other United Parcel Service news, SVP Teri P. Mcclure sold 4,500 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $106.80, for a total value of $480,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.59% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Chemical Bank lifted its position in shares of United Parcel Service by 9.3% during the fourth quarter. Chemical Bank now owns 11,252 shares of the transportation company’s stock worth $1,341,000 after purchasing an additional 957 shares in the last quarter. Green Square Capital LLC lifted its position in shares of United Parcel Service by 33.2% during the fourth quarter. Green Square Capital LLC now owns 75,806 shares of the transportation company’s stock worth $9,032,000 after purchasing an additional 18,915 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of United Parcel Service by 6.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 122,127 shares of the transportation company’s stock worth $14,551,000 after purchasing an additional 7,802 shares in the last quarter. Wagner Wealth Management LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $115,000. Finally, KCM Investment Advisors LLC lifted its position in shares of United Parcel Service by 6.5% during the fourth quarter. KCM Investment Advisors LLC now owns 93,032 shares of the transportation company’s stock worth $11,085,000 after purchasing an additional 5,710 shares in the last quarter. 53.53% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://sportsperspectives.com/2018/03/10/united-parcel-service-ups-rating-increased-to-buy-at-stifel-nicolaus.html.

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.

Analyst Recommendations for United Parcel Service (NYSE:UPS)

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply