Somewhat Favorable Press Coverage Somewhat Unlikely to Affect United Parcel Service (UPS) Stock Price
Press coverage about United Parcel Service (NYSE:UPS) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United Parcel Service earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave headlines about the transportation company an impact score of 45.9866310088813 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Hold Recommendation on United Parcel Service (UPS) Shares Extended (investorplace.com)
- Head-To-Head Review: United Parcel Service (UPS) versus XPO Intermodal (PACR) (americanbankingnews.com)
- UPS Technology Speeds Training For Holiday Workers (finance.yahoo.com)
- Polonez Parcel Services and UPS Announce Innovative Agreement to Make Shipping to Poland Even Easier for Customers (finance.yahoo.com)
- 3 Reasons to Sell FedEx Corporation Stock – Motley Fool (fool.com)
Shares of United Parcel Service (NYSE:UPS) traded down 0.59% during mid-day trading on Wednesday, hitting $119.00. The stock had a trading volume of 2,309,690 shares. The stock has a market cap of $103.05 billion, a price-to-earnings ratio of 29.26 and a beta of 0.90. The firm’s 50-day moving average price is $116.22 and its 200 day moving average price is $110.20. United Parcel Service has a 12-month low of $102.12 and a 12-month high of $120.80.
United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.12. The business had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.49 billion. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. United Parcel Service’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 earnings per share. Equities analysts forecast that United Parcel Service will post $6.01 EPS for the current fiscal year.
A number of research analysts have issued reports on the company. BidaskClub upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $123.00 price target (up previously from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. Seaport Global Securities assumed coverage on United Parcel Service in a research report on Tuesday, June 6th. They set a “neutral” rating for the company. Robert W. Baird reiterated a “hold” rating and set a $118.00 price target on shares of United Parcel Service in a research report on Sunday. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $108.00 price target on shares of United Parcel Service in a research report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $115.27.
In related news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total value of $2,019,455.90. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by insiders.
United Parcel Service Company Profile
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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