United Parcel Service, Inc. (UPS) Rating Reiterated by Oppenheimer Holdings, Inc.
United Parcel Service, Inc. (NYSE:UPS)‘s stock had its “buy” rating reissued by analysts at Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Monday. They currently have a $123.00 price objective on the transportation company’s stock. Oppenheimer Holdings, Inc.’s target price indicates a potential upside of 7.94% from the stock’s current price. Oppenheimer Holdings also issued estimates for United Parcel Service’s FY2017 earnings at $5.98 EPS, Q1 2018 earnings at $1.37 EPS, Q2 2018 earnings at $1.69 EPS, Q3 2018 earnings at $1.61 EPS and Q4 2018 earnings at $1.83 EPS.
Several other equities analysts have also weighed in on UPS. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. BidaskClub downgraded shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. TheStreet raised shares of United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Finally, Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $119.22.
Shares of United Parcel Service (NYSE:UPS) opened at $113.95 on Monday. The firm has a market cap of $98,070.00, a PE ratio of 19.31, a P/E/G ratio of 2.08 and a beta of 0.92. United Parcel Service has a 52 week low of $102.12 and a 52 week high of $121.75. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The firm had revenue of $15.98 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same period in the prior year, the firm earned $1.44 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. equities analysts expect that United Parcel Service will post 6.01 EPS for the current year.
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In other news, EVP Alan Gershenhorn sold 17,699 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.59% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Wisconsin Investment Board lifted its stake in shares of United Parcel Service by 50.0% during the 2nd quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock worth $79,456,000 after buying an additional 239,350 shares during the last quarter. Bank of The Ozarks raised its stake in United Parcel Service by 17.9% in the 1st quarter. Bank of The Ozarks now owns 5,823 shares of the transportation company’s stock worth $625,000 after purchasing an additional 886 shares in the last quarter. Brookstone Capital Management raised its stake in United Parcel Service by 9.0% in the 2nd quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock worth $6,096,000 after purchasing an additional 4,541 shares in the last quarter. Wesbanco Bank Inc. raised its stake in United Parcel Service by 9.4% in the 2nd quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock worth $6,845,000 after purchasing an additional 5,325 shares in the last quarter. Finally, Airain ltd acquired a new stake in United Parcel Service in the 1st quarter worth about $762,000. Institutional investors own 52.87% 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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