Knight Equity Lowers United Parcel Service (UPS) to Hold

Knight Equity cut shares of United Parcel Service (NYSE:UPS) from a buy rating to a hold rating in a research report released on Thursday morning, The Fly reports. Knight Equity currently has $115.00 target price on the transportation company’s stock, down from their previous target price of $135.00.

UPS has been the subject of several other research reports. Loop Capital raised their price objective on shares of United Parcel Service from $120.00 to $128.00 and gave the company 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 lifted their price target for the stock from $125.00 to $135.00 in a research report on Monday, December 4th. Morgan Stanley lifted their price target 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. Oppenheimer reiterated a buy rating and set a $123.00 price target on shares of United Parcel Service in a research report on Monday, November 6th. Finally, UBS Group lifted their price target on shares of United Parcel Service from $117.00 to $126.00 and gave the stock a neutral rating in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $123.83.

Shares of United Parcel Service (NYSE UPS) opened at $105.08 on Thursday. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.22 and a quick ratio of 1.06. The firm has a market cap of $89,937.30, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.56 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.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.01. The firm had revenue of $18.83 billion during the quarter, compared to analysts’ expectations of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 EPS. equities research analysts forecast that United Parcel Service will post 7.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.91 per share. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Friday, February 16th. This represents a $3.64 annualized dividend and a yield of 3.46%. United Parcel Service’s dividend payout ratio (DPR) is presently 64.77%.

Institutional investors have recently added to or reduced their stakes in the stock. Wagner Wealth Management LLC bought a new position in United Parcel Service in the fourth quarter valued at approximately $115,000. Focused Wealth Management Inc bought a new position in United Parcel Service in the fourth quarter valued at approximately $106,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in United Parcel Service in the third quarter valued at approximately $120,000. Resources Investment Advisors Inc. lifted its stake in United Parcel Service by 51.2% in the fourth quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock valued at $147,000 after buying an additional 418 shares in the last quarter. Finally, Epstein & White Financial LLC bought a new position in United Parcel Service in the fourth quarter valued at approximately $228,000. 53.33% of the stock is currently owned by institutional investors and hedge funds.

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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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