Oppenheimer restated their buy rating on shares of United Parcel Service (NYSE:UPS) in a research report report published on Thursday, AnalystRatings.com reports.
Other equities research analysts have also issued reports about the company. UBS Group raised their price objective on United Parcel Service from $98.00 to $121.00 and gave the stock a neutral rating in a research report on Thursday, July 9th. TheStreet upgraded United Parcel Service from a c+ rating to a b- rating in a research report on Wednesday, June 10th. Goldman Sachs Group restated a buy rating and set a $117.00 price objective on shares of United Parcel Service in a research report on Tuesday, April 28th. Barclays lowered United Parcel Service from an equal weight rating to an underweight rating and set a $90.00 price objective for the company. in a research report on Friday, April 17th. Finally, KeyCorp reiterated a hold rating on shares of United Parcel Service in a report on Monday, April 20th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $123.62.
NYSE:UPS opened at $142.76 on Thursday. The business’s 50-day moving average price is $113.28 and its 200 day moving average price is $103.54. The firm has a market cap of $123.08 billion, a P/E ratio of 28.38, a PEG ratio of 3.49 and a beta of 0.84. United Parcel Service has a 52-week low of $82.00 and a 52-week high of $145.50. The company has a quick ratio of 1.22, a current ratio of 1.24 and a debt-to-equity ratio of 5.86.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $1.06. United Parcel Service had a return on equity of 156.85% and a net margin of 5.66%. The business had revenue of $20.46 billion during the quarter, compared to analyst estimates of $17.42 billion. During the same quarter last year, the company posted $1.96 EPS. United Parcel Service’s revenue for the quarter was up 13.4% on a year-over-year basis. Sell-side analysts expect that United Parcel Service will post 5.52 EPS for the current year.
In related news, CEO Carol B. Tome acquired 10,100 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average cost of $99.33 per share, with a total value of $1,003,233.00. Following the purchase, the chief executive officer now owns 13,036 shares of the company’s stock, valued at $1,294,865.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.57% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Total Clarity Wealth Management Inc. bought a new position in shares of United Parcel Service in the 4th quarter valued at approximately $35,000. TD Capital Management LLC bought a new position in United Parcel Service in the 1st quarter worth approximately $28,000. Ellevest Inc. increased its position in United Parcel Service by 69.5% in the 2nd quarter. Ellevest Inc. now owns 300 shares of the transportation company’s stock worth $33,000 after buying an additional 123 shares during the period. M&R Capital Management Inc. increased its position in United Parcel Service by 104.8% in the 2nd quarter. M&R Capital Management Inc. now owns 342 shares of the transportation company’s stock worth $38,000 after buying an additional 175 shares during the period. Finally, Arlington Partners LLC bought a new position in United Parcel Service in the 2nd quarter worth approximately $38,000. 54.67% of the stock is currently owned by institutional investors and hedge funds.
United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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.