United Parcel Service Rating Reiterated by RBC Capital (UPS)
UPS has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “hold” rating on shares of United Parcel Service in a research note to investors on Thursday. Separately, analysts at Oppenheimer initiated coverage on shares of United Parcel Service in a research note to investors on Tuesday. They set an “outperform” rating and a $95.00 price target on the stock. Finally, analysts at Macquarie initiated coverage on shares of United Parcel Service in a research note to investors on Friday, March 1st. They set an “outperform” rating and a $93.00 price target on the stock.
Thirteen analysts have rated the stock with a buy rating, three have issued an overweight rating, and thirteen have issued a hold rating to the company’s stock. The stock presently has an average rating of “overweight” and an average target price of $90.14.
Shares of United Parcel Service traded down 0.08% during mid-day trading on Thursday, hitting $84.36. United Parcel Service has a one year low of $69.56 and a one year high of $84.87. The stock’s 50-day moving average is currently $81.99. The company has a market cap of $80.480 billion and a P/E ratio of 101.72.
United Parcel Service last posted its quarterly earnings results on Thursday, January 31st. The company reported $1.32 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.38 by $0.06. The company had revenue of $14.57 billion for the quarter, compared to the consensus estimate of $14.44 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that United Parcel Service will post $5.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 12th. Investors of record on Monday, February 25th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Thursday, February 21st. This is an increase from United Parcel Service’s previous quarterly dividend of $0.57.
United Parcel Service, Inc. (UPS) is a package delivery company that operates in the United States less-than-truckload industry, and the provider of global supply chain management solutions.
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