United Parcel Service (NYSE:UPS) Cut to Sell at ValuEngine

United Parcel Service (NYSE:UPS) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday, ValuEngine reports.

A number of other equities research analysts have also commented on the stock. Wells Fargo & Co assumed coverage on shares of United Parcel Service in a report on Monday, October 28th. They set an “outperform” rating and a $138.00 price objective on the stock. Morgan Stanley decreased their price objective on shares of United Parcel Service from $85.00 to $78.00 and set an “underweight” rating on the stock in a report on Thursday. BMO Capital Markets lowered shares of United Parcel Service from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $125.00 to $123.00 in a report on Tuesday. JPMorgan Chase & Co. set a $135.00 price objective on shares of United Parcel Service and gave the stock a “neutral” rating in a report on Friday, October 4th. Finally, GMP Securities raised shares of United Parcel Service to a “reduce” rating in a report on Monday, October 28th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $121.52.

NYSE:UPS traded up $0.16 during mid-day trading on Thursday, reaching $116.95. 4,320,625 shares of the company were exchanged, compared to its average volume of 3,153,013. United Parcel Service has a 12 month low of $89.89 and a 12 month high of $125.31. The company has a fifty day moving average of $119.42 and a 200 day moving average of $113.00. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 4.27. The stock has a market cap of $101.34 billion, a PE ratio of 16.15, a PEG ratio of 1.80 and a beta of 1.22.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.01. United Parcel Service had a net margin of 6.81% and a return on equity of 154.80%. The firm had revenue of $18.32 billion for the quarter, compared to analyst estimates of $18.35 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. The company’s revenue was up 5.0% on a year-over-year basis. On average, equities research analysts anticipate that United Parcel Service will post 7.51 EPS for the current fiscal year.

In other United Parcel Service news, COO James J. Barber sold 1,500 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $116.43, for a total transaction of $174,645.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

Several large investors have recently made changes to their positions in UPS. Capital Advisors Ltd. LLC raised its position in shares of United Parcel Service by 65.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 117 shares during the period. Kavar Capital Partners LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $38,000. NumerixS Investment Technologies Inc acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $38,000. Earnest Partners LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $40,000. Finally, Glassman Wealth Services raised its position in shares of United Parcel Service by 22.5% in the 3rd quarter. Glassman Wealth Services now owns 501 shares of the transportation company’s stock valued at $60,000 after acquiring an additional 92 shares during the period. Institutional investors and hedge funds own 55.81% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Analyst Recommendations for United Parcel Service (NYSE:UPS)

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