United Parcel Service, Inc. (UPS) Given “Neutral” Rating at Credit Suisse Group
United Parcel Service, Inc. (NYSE:UPS)‘s stock had its “neutral” rating restated by investment analysts at Credit Suisse Group in a research note issued to investors on Tuesday. They presently have a $108.00 target price on the transportation company’s stock. Credit Suisse Group’s price objective indicates a potential downside of 5.89% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub cut United Parcel Service from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and raised their target price for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $127.00 target price on shares of United Parcel Service in a research report on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $114.57.
United Parcel Service (UPS) opened at 114.76 on Tuesday. The company has a market cap of $99.38 billion, a price-to-earnings ratio of 28.22 and a beta of 0.88. The stock has a 50 day moving average of $111.41 and a 200 day moving average of $107.95. United Parcel Service has a 52 week low of $102.12 and a 52 week high of $120.44.
United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.12. The business had revenue of $15.75 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 EPS. Equities research analysts predict that United Parcel Service will post $6.01 earnings per share for the current fiscal year.
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In related news, insider James J. Barber sold 3,556 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $110.85, for a total transaction of $394,182.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $107.49, for a total value of $214,980.00. The disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. V Wealth Management LLC acquired a new stake in shares of United Parcel Service during the second quarter worth about $102,000. 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 valued at $106,000 after buying an additional 75 shares during the last quarter. Parkside Financial Bank & Trust increased its position in United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock valued at $116,000 after buying an additional 160 shares during the last quarter. First PREMIER Bank increased its position in United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after buying an additional 50 shares during the last quarter. Finally, Ullmann Financial Group Inc. purchased a new position in United Parcel Service during the first quarter valued at approximately $126,000. 52.90% of the stock is owned by institutional investors.
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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