1 week Ago By Defense World Staff
United Parcel Service (NYSE:UPS – Free Report) had its price target cut by Raymond James from $145.00 to $130.00 in a research report sent to investors on Tuesday,Benzinga reports.
They currently have a strong-buy rating on the transportation company’s stock.A number of other research firms also recently issued reports on UPS. Deutsche Bank Aktiengesellschaft assumed coverage on United Parcel Service in a research report on Friday, March 7th.
They issued a “hold” rating and a $119.00 target price for the company. Stifel Nicolaus cut their target price on shares of United Parcel Service from $156.
00 to $153.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Bank of America reduced their price objective on shares of United Parcel Service from $133.
00 to $129.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Wells Fargo & Company lowered their price objective on United Parcel Service from $128.
00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Finally, Baird R W lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st.
Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.32.
View Our Latest Report on United Parcel ServiceUnited Parcel Service Stock Down 3.9 %UPS stock opened at $91.79 on Tuesday.
The company has a market cap of $78.40 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 1.
55 and a beta of 1.10. United Parcel Service has a fifty-two week low of $90.
71 and a fifty-two week high of $153.42. The stock’s 50 day simple moving average is $113.
30 and its 200 day simple moving average is $124.82. The company has a debt-to-equity ratio of 1.
16, a quick ratio of 1.14 and a current ratio of 1.17.
United Parcel Service (NYSE:UPS – Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.
52 by $0.23. United Parcel Service had a net margin of 6.
35% and a return on equity of 39.13%. During the same period in the previous year, the business posted $2.
47 EPS. On average, research analysts expect that United Parcel Service will post 7.95 earnings per share for the current fiscal year.
United Parcel Service Increases DividendThe firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $1.64 dividend.
This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th.
This represents a $6.56 dividend on an annualized basis and a yield of 7.15%.
United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%. Hedge Funds Weigh In On United Parcel ServiceInstitutional investors have recently bought and sold shares of the stock.
Principal Financial Group Inc. lifted its position in United Parcel Service by 4.3% during the 3rd quarter.
Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock valued at $113,064,000 after acquiring an additional 33,989 shares during the period. Onyx Bridge Wealth Group LLC bought a new stake in shares of United Parcel Service in the 4th quarter worth approximately $461,000.
Synovus Financial Corp grew its stake in shares of United Parcel Service by 8.6% in the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock worth $11,934,000 after buying an additional 6,941 shares during the last quarter.
HF Advisory Group LLC purchased a new position in United Parcel Service during the fourth quarter valued at $1,305,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in United Parcel Service by 27.2% in the fourth quarter.
Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock worth $16,304,000 after acquiring an additional 28,108 shares in the last quarter. 60.26% of the stock is owned by institutional investors.
United Parcel Service Company Profile (Get Free Report)United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S.
Domestic Package and International Package. The U.S.
Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.Read MoreFive stocks we like better than United Parcel ServiceRide Out The Recession With These Dividend Kings Tariff-Proof Stocks: 3 Big Bargains With Huge Upside PotentialHow to Effectively Use the MarketBeat Ratings ScreenerQualcomm Breaks Down But RSI Signals It’s Severely OversoldWhat is a Bond Market Holiday? How to Invest and TradeTesla’s #1 Bull Cuts Target But Says It’s Still a Buy.
