United Parcel Service, Inc. (UPS) Stock Rating Upgraded by Zacks Investment Research
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.”
Other equities research analysts have also recently issued reports about the stock. TheStreet cut shares of United Parcel Service from an “a-” rating to a “c” rating in a research note on Thursday, February 2nd. JPMorgan Chase & Co. assumed coverage on shares of United Parcel Service in a research note on Tuesday, December 13th. They set a “neutral” rating and a $118.00 price target on the stock. Aegis upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Wednesday, February 8th. They noted that the move was a valuation call. BMO Capital Markets reiterated a “market perform” rating and set a $115.00 price objective on shares of United Parcel Service in a report on Wednesday, February 22nd. Finally, Loop Capital reiterated a “hold” rating and set a $116.00 price objective (down from $124.00) on shares of United Parcel Service in a report on Tuesday, February 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $113.47.
Shares of United Parcel Service (NYSE:UPS) traded up 0.450% on Friday, reaching $106.005. 1,461,486 shares of the company traded hands. United Parcel Service has a 1-year low of $100.05 and a 1-year high of $120.44. The stock has a market capitalization of $92.23 billion, a price-to-earnings ratio of 27.391 and a beta of 0.91. The company has a 50-day moving average of $106.07 and a 200-day moving average of $110.46. United Parcel Service also saw unusually large options trading activity on Friday. Stock traders purchased 875 put options on the stock. This is an increase of 104% compared to the typical daily volume of 429 put options.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, January 31st. The transportation company reported $1.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by $0.06. United Parcel Service had a return on equity of 193.90% and a net margin of 5.63%. The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $17.01 billion. During the same period in the prior year, the business earned $1.57 earnings per share. United Parcel Service’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts anticipate that United Parcel Service will post $5.95 earnings per share for the current fiscal year.
In other news, SVP Teri P. Mcclure sold 4,500 shares of United Parcel Service stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $104.85, for a total transaction of $471,825.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.72% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. State Street Corp raised its stake in United Parcel Service by 4.0% in the fourth quarter. State Street Corp now owns 28,520,469 shares of the transportation company’s stock worth $3,269,589,000 after buying an additional 1,107,157 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in United Parcel Service by 1.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 18,731,735 shares of the transportation company’s stock worth $2,048,503,000 after buying an additional 325,163 shares during the last quarter. FMR LLC increased its stake in United Parcel Service by 6.9% in the fourth quarter. FMR LLC now owns 15,510,332 shares of the transportation company’s stock worth $1,778,104,000 after buying an additional 1,005,022 shares during the last quarter. BlackRock Fund Advisors increased its stake in United Parcel Service by 2.2% in the third quarter. BlackRock Fund Advisors now owns 11,491,304 shares of the transportation company’s stock worth $1,256,689,000 after buying an additional 243,859 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in United Parcel Service by 7.0% in the third quarter. Ameriprise Financial Inc. now owns 7,169,878 shares of the transportation company’s stock worth $784,038,000 after buying an additional 469,677 shares during the last quarter. 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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