BidaskClub downgraded shares of United Parcel Service, Inc. (NYSE:UPS) from a hold rating to a sell rating in a research note released on Friday.

A number of other research firms have also weighed in on UPS. Seaport Global Securities initiated coverage on shares of United Parcel Service in a research report on Tuesday, June 6th. They issued a neutral rating on the stock. Zacks Investment Research raised shares of United Parcel Service from a sell rating to a hold rating in a research report on Friday, April 7th. Sanford C. Bernstein reaffirmed an outperform rating and set a $127.00 target price on shares of United Parcel Service in a research report on Monday, July 3rd. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and set a $116.00 target price on shares of United Parcel Service in a research report on Friday, May 19th. Finally, Cowen and Company reaffirmed a hold rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. United Parcel Service has a consensus rating of Hold and an average price target of $114.57.

Shares of United Parcel Service (NYSE UPS) traded down 0.31% on Friday, reaching $109.95. The company had a trading volume of 541,859 shares. The firm has a market capitalization of $95.11 billion, a price-to-earnings ratio of 27.03 and a beta of 0.88. United Parcel Service has a 52 week low of $102.12 and a 52 week high of $120.44. The stock’s 50 day moving average is $110.62 and its 200 day moving average is $108.13.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.12. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The company had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same period in the prior year, the company posted $1.43 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities analysts anticipate that United Parcel Service will post $5.98 EPS for the current year.

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In other United Parcel Service news, SVP Kathleen M. Gutmann sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $107.49, for a total value of $214,980.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.59% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the company. V Wealth Management LLC bought a new stake in United Parcel Service during the second quarter valued at approximately $102,000. First PREMIER Bank increased its stake in United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock valued at $107,000 after buying an additional 100 shares during the last quarter. Tompkins Financial Corp increased its stake in United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock valued at $106,000 after buying an additional 75 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock valued at $116,000 after buying an additional 160 shares during the last quarter. Finally, Ullmann Financial Group Inc. bought a new stake in United Parcel Service during the first quarter valued at approximately $126,000. Institutional investors and hedge funds own 53.20% of the company’s stock.

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.

Analyst Recommendations for United Parcel Service (NYSE:UPS)

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