Equities research analysts at HSBC (NYSE: HBC) lowered their price target on shares of United Parcel Service (NYSE: UPS) from $90.00 to $80.00 in a research issued note to investors on Monday. They currently have an “overweight” rating on the company’s shares.
Separately, analysts at Credit Suisse (NYSE: CS) upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, September 2nd. Also, analysts at Piper Jaffray (NYSE: PJC) reiterated an “overweight” rating on shares of United Parcel Service in a research note to investors on Wednesday, July 27th.
United Parcel Service, Inc. (UPS) is a package delivery company. The Company delivers packages each business day for 1.8 million shipping customers to 6.1 million consignees in over 200 countries and territories. Its primary business is the time-definite delivery of packages and documents worldwide. The UPS service portfolio also includes global supply chain services and less-than-truckload transportation, primarily in the United States. The Company operates in three segments: U.S. Domestic Package operations, International Package operations and Supply Chain & Freight operations. During the year ended December 31, 2009, UPS delivered an average of 15.1 million pieces per day worldwide, or a total of 3.8 billion packages. In June 2009, the Company acquired a unit of Intereuropa Globalni Logisticni Servis. In 2009, it acquired service agents in Slovenia and Turkey.
United Parcel Service last announced its quarterly results on Tuesday, July 26th. The company reported $1.05 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.04 EPS by $0.01. The company’s quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts predict that United Parcel Service will post $1.28 EPS next quarter.
Shares of United Parcel Service opened at 64.22 on Tuesday. United Parcel Service has a 52 week low of $60.74 and a 52 week high of $77.00. The stock’s 50-day moving average is $66.00 and its 200-day moving average is $71.10. The company has a market cap of $62.986 billion and a price-to-earnings ratio of 15.82.
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