United Parcel Service’s (UPS) “Buy” Rating Reaffirmed at Knight Equity

Knight Equity reaffirmed their buy rating on shares of United Parcel Service (NYSE:UPS) in a report published on Monday, The Fly reports. Knight Equity currently has a $135.00 target price on the transportation company’s stock, down from their prior target price of $145.00.

A number of other analysts have also issued reports on UPS. Oppenheimer reissued a buy rating and issued a $123.00 price target (up from $116.00) on shares of United Parcel Service in a research note on Wednesday, September 20th. Cowen reissued a hold rating on shares of United Parcel Service in a research note on Tuesday, September 26th. Robert W. Baird reissued a hold rating and issued a $118.00 price target on shares of United Parcel Service in a research note on Sunday, October 1st. Zacks Investment Research lowered United Parcel Service from a buy rating to a hold rating in a research note on Thursday, October 5th. Finally, Bank of America reissued a neutral rating and issued a $124.00 price target (up from $117.00) on shares of United Parcel Service in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $123.09.

Shares of United Parcel Service (UPS) traded down $0.06 during trading hours on Monday, reaching $129.11. The company’s stock had a trading volume of 2,957,717 shares, compared to its average volume of 3,210,000. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. United Parcel Service has a 12-month low of $102.12 and a 12-month high of $130.00. The firm has a market cap of $111,260.00, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The firm had revenue of $15.98 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period last year, the company earned $1.44 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. equities analysts predict that United Parcel Service will post 6 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in UPS. Abner Herrman & Brock LLC raised its holdings in shares of United Parcel Service by 25.0% during the 4th quarter. Abner Herrman & Brock LLC now owns 2,734 shares of the transportation company’s stock valued at $326,000 after buying an additional 546 shares during the period. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of United Parcel Service during the 4th quarter valued at about $2,133,000. Lynch & Associates IN raised its holdings in shares of United Parcel Service by 2.4% during the 4th quarter. Lynch & Associates IN now owns 54,275 shares of the transportation company’s stock valued at $6,467,000 after buying an additional 1,260 shares during the period. Fulton Bank N.A. raised its holdings in shares of United Parcel Service by 27.0% during the 4th quarter. Fulton Bank N.A. now owns 15,336 shares of the transportation company’s stock valued at $1,827,000 after buying an additional 3,260 shares during the period. Finally, Prudential Financial Inc. raised its holdings in shares of United Parcel Service by 6.5% during the 3rd quarter. Prudential Financial Inc. now owns 1,118,348 shares of the transportation company’s stock valued at $134,302,000 after buying an additional 67,820 shares during the period. Institutional investors own 53.49% of the company’s stock.

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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.

The Fly

Analyst Recommendations for United Parcel Service (NYSE:UPS)

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