Raymond James Raises United Parcel Service to Strong-Buy (UPS)

By admin | 6 years ago

United Parcel Service (NYSE: UPS) was upgraded by research analysts at Raymond James (NYSE: RJF) from an “outperform” rating to a “strong-buy” rating in a report released on Friday.

United Parcel Service traded down 0.38% on Friday, hitting $78.14. United Parcel Service has a 52-week low of $60.74 and a 52-week high of $81.79. The company has a market cap of $74.914 billion and a price-to-earnings ratio of 20.43.

The company last announced its quarterly results on Thursday, April 26th. It reported $1.00 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $1.02 EPS by $0.02. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that United Parcel Service will post $1.21 EPS next quarter.

UPS has been the subject of a number of other recent research reports. Analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of United Parcel Service in a research note to investors on Tuesday, April 24th. Separately, analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of United Parcel Service in a research note to investors on Tuesday, April 24th. Finally, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of United Parcel Service from $86.00 to $89.00 in a research note to investors on Tuesday, April 17th. They now have a “buy” rating on the stock.

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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