Zacks Reaffirms Neutral Rating on United Parcel Service (UPS)

By admin | 6 years ago

United Parcel Service (NYSE: UPS)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Wednesday. They currently have a $80.00 target price on the stock.

Shares of United Parcel Service opened at 75.92 on Wednesday. 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 $72.845 billion and a P/E ratio of 19.32.

United Parcel Service last announced its earnings results on Thursday, April 26th. The company reported $1.00 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.02 by $0.02. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that United Parcel Service will post $1.20 earnings per share next quarter.

UPS has been the subject of a number of other recent research reports. Analysts at Raymond James (NYSE: RJF) upgraded shares of United Parcel Service from an “outperform” rating to a “strong-buy” rating in a research note to investors on Friday, April 27th. Separately, 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. Finally, 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.

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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