United Parcel Service, Inc. (NYSE:UPS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday.
According to Zacks, “United Parcel Service shares gained only 0.22% in the last one year, significantly underperforming the Zacks Transportation-Air Freight industry that recorded a 6% increase in the period. Shares of United Parcel have lagged those of rival FedEx, which have appreciated 16.3% in the same time span. United Parcel struggled in the recent holiday season due to higher costs of package deliveries. Moreover, the company’s disappointing view for full-year 2017 is a dampener. Foreign currency-related headwinds are expected to hurt 2017 results. However, the company’s decision to hike its quarterly dividend, earlier in the year, is encouraging. The company's efforts to expand further also raise optimism.”
Several other research firms have also recently weighed in on UPS. Wells Fargo & Co initiated coverage on United Parcel Service in a research report on Monday, March 13th. They issued a “market perform” rating and a $115.00 price objective for the company. TheStreet cut United Parcel Service from an “a-” rating to a “c” rating in a research report on Thursday, February 2nd. Vetr raised United Parcel Service from a “hold” rating to a “buy” rating and set a $119.82 price objective for the company in a research report on Tuesday, January 3rd. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $110.00 target price on shares of United Parcel Service in a research report on Sunday, February 5th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $116.00 target price on shares of United Parcel Service in a research report on Friday, November 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $113.47.
United Parcel Service (NYSE:UPS) traded up 0.48% during midday trading on Friday, reaching $106.04. 1,852,374 shares of the company were exchanged. The stock has a market capitalization of $92.26 billion, a price-to-earnings ratio of 27.40 and a beta of 0.91. United Parcel Service has a 52-week low of $100.05 and a 52-week high of $120.44. The firm’s 50-day moving average price is $106.07 and its 200 day moving average price is $110.46. United Parcel Service also saw some unusual options trading on Friday. Investors bought 875 put options on the stock. This represents an increase of approximately 104% compared to the typical daily volume of 429 put options.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, January 31st. The transportation company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.69 by $0.06. United Parcel Service had a net margin of 5.63% and a return on equity of 193.90%. The business earned $16.98 billion during the quarter, compared to the consensus estimate of $17.01 billion. During the same period in the prior year, the company posted $1.57 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. Equities analysts predict that United Parcel Service will post $5.95 earnings per share for the current year.
In other news, SVP Teri P. Mcclure sold 4,500 shares of the firm’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $104.85, for a total value of $471,825.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.72% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. First PREMIER Bank raised its stake in shares of United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock worth $107,000 after buying an additional 100 shares during the period. Tompkins Financial Corp raised its stake in shares of United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock worth $106,000 after buying an additional 75 shares during the period. SRS Capital Advisors Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter worth $125,000. Security National Trust Co. raised its stake in shares of United Parcel Service by 3.8% in the third quarter. Security National Trust Co. now owns 1,099 shares of the transportation company’s stock worth $120,000 after buying an additional 40 shares during the period. Finally, Lombard Odier & Cie Canada Limited Partnership acquired a new stake in shares of United Parcel Service during the third quarter worth $120,000. Institutional investors own 53.19% 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. 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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