United Parcel Service (UPS) Downgraded to Hold at Deutsche Bank

United Parcel Service (NYSE:UPS) was downgraded by analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research note issued on Thursday.

UPS has been the topic of a number of other reports. Loop Capital increased their price target on United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. Morgan Stanley upped their price objective on United Parcel Service from $79.00 to $90.00 and gave the stock an “underweight” rating in a report on Friday, February 2nd. Knight Equity reaffirmed a “buy” rating and set a $135.00 price objective (down previously from $145.00) on shares of United Parcel Service in a report on Monday, January 8th. Oppenheimer reaffirmed a “buy” rating and set a $123.00 price objective on shares of United Parcel Service in a report on Monday, November 6th. Finally, UBS Group upped their price objective on United Parcel Service from $117.00 to $126.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $126.47.

United Parcel Service (UPS) traded up $0.39 during midday trading on Thursday, reaching $105.08. The company had a trading volume of 2,750,000 shares, compared to its average volume of 5,610,000. The company has a market cap of $90,550.00, a price-to-earnings ratio of 19.79, a PEG ratio of 1.57 and a beta of 0.91. United Parcel Service has a 1-year low of $102.12 and a 1-year high of $135.53. 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 released its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.01. The business had revenue of $18.83 billion for the quarter, compared to analyst estimates of $18.20 billion. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. United Parcel Service’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.63 EPS. research analysts anticipate that United Parcel Service will post 7.23 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. SNS Financial Group LLC increased its position in shares of United Parcel Service by 0.5% in the 2nd quarter. SNS Financial Group LLC now owns 4,417 shares of the transportation company’s stock valued at $488,000 after buying an additional 24 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of United Parcel Service by 0.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 10,870 shares of the transportation company’s stock valued at $1,202,000 after buying an additional 44 shares in the last quarter. Davidson & Garrard Inc. increased its position in shares of United Parcel Service by 3.1% in the 2nd quarter. Davidson & Garrard Inc. now owns 1,929 shares of the transportation company’s stock valued at $213,000 after buying an additional 58 shares in the last quarter. AMG Funds LLC increased its position in shares of United Parcel Service by 0.4% in the 2nd quarter. AMG Funds LLC now owns 15,594 shares of the transportation company’s stock valued at $1,725,000 after buying an additional 68 shares in the last quarter. Finally, Flinton Capital Management LLC increased its position in shares of United Parcel Service by 0.9% in the 2nd quarter. Flinton Capital Management LLC now owns 12,012 shares of the transportation company’s stock valued at $1,328,000 after buying an additional 112 shares in the last quarter. 53.33% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “United Parcel Service (UPS) Downgraded to Hold at Deutsche Bank” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The original version of this piece can be read at https://stocknewstimes.com/2018/02/22/united-parcel-service-ups-downgraded-to-hold-at-deutsche-bank.html.

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.

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.

Latest News

Leave a Reply