United Parcel Service, Inc. (NYSE:UPS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors 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 also recently weighed in on UPS. Wells Fargo & Co started coverage on United Parcel Service in a research note on Monday, March 13th. They issued a “market perform” rating and a $115.00 price target on the stock. TheStreet downgraded United Parcel Service from an “a-” rating to a “c” rating in a research note on Thursday, February 2nd. Vetr upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $119.82 price target on the stock in a research note on Tuesday, January 3rd. Credit Suisse Group AG restated a “hold” rating and issued a $110.00 price target on shares of United Parcel Service in a research note on Sunday, February 5th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $116.00 price target on shares of United Parcel Service in a research note on Friday, November 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price 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’s stock traded hands. 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 company’s 50-day moving average price is $106.07 and its 200 day moving average price is $110.46. United Parcel Service also saw unusually large options trading on Friday. Traders acquired 875 put options on the stock. This represents an increase of approximately 104% compared to the average volume of 429 put options.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results 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. The company earned $16.98 billion during the quarter, compared to analysts’ expectations of $17.01 billion. United Parcel Service had a return on equity of 193.90% and a net margin of 5.63%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.57 EPS. On average, equities research analysts expect that United Parcel Service will post $5.95 earnings per share for the current year.
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In other news, SVP Teri P. Mcclure sold 4,500 shares of the stock in a transaction on Friday, February 24th. The stock was sold at an average price of $104.85, for a total transaction of $471,825.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Culbertson A N & Co. Inc. boosted its position in United Parcel Service by 2.6% in the third quarter. Culbertson A N & Co. Inc. now owns 15,341 shares of the transportation company’s stock valued at $1,678,000 after buying an additional 390 shares during the last quarter. Creative Planning boosted its position in shares of United Parcel Service by 10.4% in the third quarter. Creative Planning now owns 170,194 shares of the transportation company’s stock worth $18,612,000 after buying an additional 16,006 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of United Parcel Service by 0.5% in the third quarter. North Star Investment Management Corp. now owns 40,242 shares of the transportation company’s stock worth $4,401,000 after buying an additional 213 shares in the last quarter. First United Bank Trust boosted its position in shares of United Parcel Service by 4.6% in the third quarter. First United Bank Trust now owns 7,600 shares of the transportation company’s stock worth $831,000 after buying an additional 335 shares in the last quarter. Finally, Perkins Coie Trust Co boosted its position in shares of United Parcel Service by 1.7% in the third quarter. Perkins Coie Trust Co now owns 17,095 shares of the transportation company’s stock worth $1,870,000 after buying an additional 287 shares in the last quarter. 53.19% of the stock is currently owned by hedge funds and other institutional investors.
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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