United Parcel Service’s (UPS) Outperform Rating Reaffirmed at Sanford C. Bernstein
Sanford C. Bernstein reaffirmed their outperform rating on shares of United Parcel Service Inc. (NYSE:UPS) in a research report report published on Friday morning. They currently have a $116.00 target price on the stock.
A number of other research analysts also recently issued reports on the company. Argus increased their price objective on United Parcel Service from $115.00 to $125.00 and gave the stock a buy rating in a report on Tuesday, August 2nd. Barclays PLC increased their price objective on United Parcel Service from $110.00 to $115.00 and gave the stock an equal weight rating in a report on Monday, September 12th. Vetr downgraded United Parcel Service from a buy rating to a hold rating and set a $114.83 price objective for the company. in a report on Tuesday, November 8th. Deutsche Bank AG initiated coverage on United Parcel Service in a report on Wednesday, November 2nd. They set a hold rating and a $117.00 price objective for the company. Finally, Zacks Investment Research upgraded United Parcel Service from a sell rating to a hold rating in a report on Monday, October 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five 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 $113.40.
Shares of United Parcel Service (NYSE:UPS) opened at 116.26 on Friday. United Parcel Service has a 12-month low of $87.30 and a 12-month high of $116.39. The company has a 50-day moving average price of $110.21 and a 200 day moving average price of $107.97.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 27th. The company reported $1.44 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.44. The company had revenue of $14.93 billion for the quarter, compared to analyst estimates of $14.72 billion. United Parcel Service had a return on equity of 195.68% and a net margin of 8.33%. United Parcel Service’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.39 earnings per share. On average, equities research analysts forecast that United Parcel Service will post $5.82 EPS for the current year.
TRADEMARK VIOLATION WARNING: “United Parcel Service’s (UPS) Outperform Rating Reaffirmed at Sanford C. Bernstein” was published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this piece on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2016/11/28/united-parcel-services-ups-outperform-rating-reaffirmed-at-sanford-c-bernstein.html.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 14th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $3.12 annualized dividend and a dividend yield of 2.68%. United Parcel Service’s payout ratio is 55.52%.
A number of large investors have recently modified their holdings of UPS. Americafirst Capital Management LLC purchased a new stake in shares of United Parcel Service during the second quarter worth $102,000. Security National Trust Co. raised its stake in shares of United Parcel Service by 35.1% in the second quarter. Security National Trust Co. now owns 1,059 shares of the company’s stock worth $115,000 after buying an additional 275 shares in the last quarter. Lombard Odier & Cie Canada Limited Partnership purchased a new stake in shares of United Parcel Service during the third quarter worth $120,000. Hirtle Callaghan & Co LLC purchased a new stake in shares of United Parcel Service during the third quarter worth $123,000. Finally, Financial Architects Inc raised its stake in shares of United Parcel Service by 21.6% in the third quarter. Financial Architects Inc now owns 1,136 shares of the company’s stock worth $124,000 after buying an additional 202 shares in the last quarter. Institutional investors and hedge funds own 52.50% 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. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.
Receive News & Stock Ratings for United Parcel Service Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service Inc. and related stocks with our FREE daily email newsletter.