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

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

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

Shares of United Parcel Service (NYSE:UPS) opened at $133.46 on Monday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. United Parcel Service has a 52 week low of $102.12 and a 52 week high of $133.77. The company has a market cap of $115,010.00, a PE ratio of 32.79, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

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

Institutional investors and hedge funds have recently modified their holdings of the company. First PREMIER Bank increased its holdings in United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after buying an additional 50 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in United Parcel Service in the third quarter worth approximately $120,000. Winslow Evans & Crocker Inc. increased its holdings in United Parcel Service by 261.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after buying an additional 899 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in United Parcel Service by 14.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock worth $137,000 after buying an additional 153 shares during the last quarter. Finally, Security National Trust Co. increased its holdings in United Parcel Service by 3.9% in the second quarter. Security National Trust Co. now owns 1,292 shares of the transportation company’s stock worth $143,000 after buying an additional 48 shares during the last quarter. Institutional investors own 53.49% of the company’s stock.

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About United Parcel Service

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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