Knight Equity lowered shares of United Parcel Service (NYSE:UPS) from a buy rating to a hold rating in a research report released on Thursday. The firm currently has $115.00 price target on the transportation company’s stock, down from their previous price target of $135.00.
Other research analysts also recently issued research reports about the stock. Credit Suisse Group restated a hold rating and set a $137.00 price objective on shares of United Parcel Service in a research report on Wednesday, January 17th. BMO Capital Markets increased their price objective on shares of United Parcel Service to $130.00 and gave the company a market perform rating in a research report on Friday, February 2nd. Goldman Sachs Group assumed coverage on shares of United Parcel Service in a research report on Monday, November 13th. They set a buy rating and a $148.00 price objective on the stock. Vetr upgraded shares of United Parcel Service from a sell rating to a hold rating and set a $116.85 price objective on the stock in a research report on Tuesday, December 26th. Finally, Stifel Nicolaus increased their price objective on shares of United Parcel Service from $103.00 to $112.00 and gave the company a hold rating in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. United Parcel Service presently has an average rating of Hold and an average target price of $123.83.
United Parcel Service (NYSE UPS) opened at $105.61 on Thursday. The firm has a market cap of $90,718.99, a P/E ratio of 18.79, a P/E/G ratio of 1.58 and a beta of 0.91. United Parcel Service has a 52-week low of $102.12 and a 52-week high of $135.53. The company has a current ratio of 1.22, a quick ratio of 1.06 and a debt-to-equity ratio of 19.69.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.01. The company had revenue of $18.83 billion for the quarter, compared to the consensus estimate of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.63 earnings per share. equities analysts expect that United Parcel Service will post 7.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.45%. United Parcel Service’s dividend payout ratio is 64.77%.
Several hedge funds and other institutional investors have recently made changes to their positions in UPS. Focused Wealth Management Inc purchased a new stake in shares of United Parcel Service in the fourth quarter worth $106,000. Wagner Wealth Management LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth $115,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of United Parcel Service in the third quarter worth $120,000. Resources Investment Advisors Inc. increased its stake in shares of United Parcel Service by 51.2% in the fourth quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock worth $147,000 after purchasing an additional 418 shares in the last quarter. Finally, Icon Wealth Partners LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth $195,000. 53.33% of the stock is owned by hedge funds and other institutional investors.
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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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