United Parcel Service’s (UPS) “Buy” Rating Reaffirmed at Credit Suisse Group

Credit Suisse Group reaffirmed their buy rating on shares of United Parcel Service (NYSE:UPS) in a research note issued to investors on Thursday, PriceTargets.com reports. Credit Suisse Group currently has a $261.00 price objective on the transportation company’s stock.

A number of other equities research analysts have also commented on UPS. Stephens increased their price target on United Parcel Service from $207.00 to $215.00 and gave the stock an equal weight rating in a research report on Thursday. Argus increased their target price on United Parcel Service from $185.00 to $220.00 and gave the stock a buy rating in a report on Wednesday, April 28th. Citigroup lifted their price target on United Parcel Service from $220.00 to $235.00 and gave the company a neutral rating in a report on Tuesday, June 1st. Morgan Stanley increased their price objective on shares of United Parcel Service from $120.00 to $130.00 and gave the stock an underweight rating in a report on Thursday. Finally, Wells Fargo & Company boosted their target price on shares of United Parcel Service from $186.00 to $210.00 in a research note on Wednesday, April 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $205.63.

Shares of NYSE:UPS opened at $203.20 on Thursday. The company has a market capitalization of $176.89 billion, a PE ratio of 33.92, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company has a fifty day moving average of $199.46. United Parcel Service has a fifty-two week low of $99.59 and a fifty-two week high of $219.59. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 3.06.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 27th. The transportation company reported $2.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $1.05. The business had revenue of $22.91 billion for the quarter, compared to analyst estimates of $20.62 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 193.06%. The firm’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.15 EPS. Equities research analysts forecast that United Parcel Service will post 10.31 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 9th. Shareholders of record on Monday, May 24th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.01%. The ex-dividend date was Friday, May 21st. United Parcel Service’s payout ratio is 49.57%.

Several institutional investors have recently bought and sold shares of UPS. Almanack Investment Partners LLC. raised its position in shares of United Parcel Service by 26.5% in the 4th quarter. Almanack Investment Partners LLC. now owns 1,866 shares of the transportation company’s stock valued at $314,000 after acquiring an additional 391 shares during the period. Baker Tilly Financial LLC acquired a new stake in United Parcel Service in the fourth quarter worth $278,000. Braun Stacey Associates Inc. bought a new position in shares of United Parcel Service during the fourth quarter worth $642,000. Meyer Handelman Co. acquired a new position in shares of United Parcel Service in the 4th quarter valued at $455,000. Finally, Delta Investment Management LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at $250,000. Institutional investors own 56.06% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, 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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