Edward Jones Upgrades United Parcel Service (UPS) to Buy

Edward Jones upgraded shares of United Parcel Service (NYSE:UPS) from a hold rating to a buy rating in a research report report published on Friday.

UPS has been the topic of a number of other reports. Loop Capital upped their target price on shares of United Parcel Service from $120.00 to $128.00 and gave the stock a hold rating in a research report on Friday, October 27th. Deutsche Bank upgraded shares of United Parcel Service from a hold rating to a buy rating and upped their target price for the stock from $125.00 to $135.00 in a research report on Monday, December 4th. Morgan Stanley upped their target price on shares of United Parcel Service from $79.00 to $90.00 and gave the stock an underweight rating in a research report on Friday, February 2nd. Knight Equity reiterated a buy rating and set a $135.00 target price (down from $145.00) on shares of United Parcel Service in a research report on Monday, January 8th. Finally, Oppenheimer reiterated a buy rating and set a $123.00 target price on shares of United Parcel Service in a research report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $126.47.

United Parcel Service (UPS) opened at $106.40 on Friday. United Parcel Service has a 12-month low of $102.12 and a 12-month high of $135.53. The stock has a market cap of $91,690.00, a P/E ratio of 18.97, a PEG ratio of 1.59 and a beta of 0.91. The company has a debt-to-equity ratio of 19.69, a quick ratio of 1.06 and a current ratio of 1.22.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.01. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The company had revenue of $18.83 billion for the quarter, compared to analyst estimates of $18.20 billion. During the same period in the prior year, the business earned $1.63 earnings per share. United Parcel Service’s quarterly revenue was up 11.2% on a year-over-year basis. research analysts anticipate that United Parcel Service will post 7.23 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Tuesday, February 20th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Friday, February 16th. This is an increase from United Parcel Service’s previous quarterly dividend of $0.83. United Parcel Service’s dividend payout ratio is presently 59.18%.

A number of large investors have recently modified their holdings of the business. SNS Financial Group LLC increased its position in shares of United Parcel Service by 0.5% during the second quarter. SNS Financial Group LLC now owns 4,417 shares of the transportation company’s stock worth $488,000 after acquiring an additional 24 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of United Parcel Service by 0.4% during the second quarter. Riverhead Capital Management LLC now owns 10,870 shares of the transportation company’s stock worth $1,202,000 after acquiring an additional 44 shares in the last quarter. Davidson & Garrard Inc. increased its position in shares of United Parcel Service by 3.1% during the second quarter. Davidson & Garrard Inc. now owns 1,929 shares of the transportation company’s stock worth $213,000 after acquiring an additional 58 shares in the last quarter. AMG Funds LLC increased its position in shares of United Parcel Service by 0.4% during the second quarter. AMG Funds LLC now owns 15,594 shares of the transportation company’s stock worth $1,725,000 after acquiring an additional 68 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its position in shares of United Parcel Service by 1.3% during the second quarter. GHP Investment Advisors Inc. now owns 8,239 shares of the transportation company’s stock worth $911,000 after acquiring an additional 109 shares in the last quarter. 53.55% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This story was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at https://ledgergazette.com/2018/02/19/edward-jones-upgrades-united-parcel-service-ups-to-buy.html.

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.

Analyst Recommendations for United Parcel Service (NYSE:UPS)

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply