The stock of United Parcel Service, Inc. (NYSE:UPS) reached all time high today, Nov, 28 and still has $120.63 target or 4.00% above today’s $115.99 share price. This indicates more upside for the $101.73 billion company. This technical setup was reported by Barchart.com. If the $120.63 PT is reached, the company will be worth $4.07B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 232,103 shares traded hands. United Parcel Service, Inc. (NYSE:UPS) has risen 10.65% since April 25, 2016 and is uptrending. It has outperformed by 4.64% the S&P500.
Analysts await United Parcel Service, Inc. (NYSE:UPS) to report earnings on February, 7. They expect $1.68 EPS, up 7.01% or $0.11 from last year’s $1.57 per share. UPS’s profit will be $1.47B for 17.26 P/E if the $1.68 EPS becomes a reality. After $1.44 actual EPS reported by United Parcel Service, Inc. for the previous quarter, Wall Street now forecasts 16.67% EPS growth.
United Parcel Service, Inc. (NYSE:UPS) Ratings Coverage
Out of 11 analysts covering United Parcel Service (NYSE:UPS), 5 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 45% are positive. United Parcel Service has been the topic of 18 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Morgan Stanley reinitiated United Parcel Service, Inc. (NYSE:UPS) rating on Tuesday, February 23. Morgan Stanley has “Underweight” rating and $88 price target. On Wednesday, February 3 the stock rating was maintained by Oppenheimer with “Outperform”. Zacks upgraded the stock to “Buy” rating in Thursday, September 17 report. The rating was maintained by Argus Research on Tuesday, August 2 with “Buy”. The stock has “Buy” rating given by S&P Research on Tuesday, September 22. Macquarie Research maintained United Parcel Service, Inc. (NYSE:UPS) on Wednesday, October 28 with “Neutral” rating. On Wednesday, November 2 the stock rating was initiated by Deutsche Bank with “Hold”. Zacks upgraded United Parcel Service, Inc. (NYSE:UPS) on Tuesday, August 25 to “Hold” rating. S&P Research maintained United Parcel Service, Inc. (NYSE:UPS) on Wednesday, July 29 with “Buy” rating. Zacks downgraded the stock to “Buy” rating in Friday, August 14 report.
According to Zacks Investment Research, “United Parcel Service, Inc. is the world’s largest express carrier, the world’s largest package delivery company and a leading global provider of specialized transportation and logistics services. Their primary business is the time-definite delivery of packages and documents throughout the United States and in over 200 other countries and territories. They have established a vast and reliable global transportation infrastructure, developed a comprehensive, competitive and guaranteed portfolio of services and consistently supported these services with advanced technology.”
Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.04, from 1.09 in 2016Q1. The ratio dropped, as 66 funds sold all United Parcel Service, Inc. shares owned while 406 reduced positions. 89 funds bought stakes while 424 increased positions. They now own 457.99 million shares or 5.18% less from 483.01 million shares in 2016Q1.
A D Beadell Counsel owns 10,045 shares or 0.88% of their US portfolio. Eqis Cap Management holds 0.03% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 3,761 shares. Brookstone Cap, a Illinois-based fund reported 4,022 shares. Pinebridge Limited Partnership last reported 18,627 shares in the company. Partnervest Advisory Ltd Liability Com accumulated 0.15% or 2,750 shares. Fil Ltd last reported 0.87% of its portfolio in the stock. Shamrock Asset Management Ltd Liability Company holds 0.4% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 6,480 shares. The Georgia-based Montag And Caldwell Lc has invested 4.39% in United Parcel Service, Inc. (NYSE:UPS). Voya Invest Mgmt Ltd Co accumulated 401,655 shares or 0.11% of the stock. The New Jersey-based Seabridge Investment Advsr Limited Liability Com has invested 1.74% in United Parcel Service, Inc. (NYSE:UPS). Nexus Mgmt Inc last reported 7,650 shares in the company. Alexandria Ltd Liability Company reported 62 shares or 0% of all its holdings. Wealthfront owns 14,575 shares or 0.04% of their US portfolio. Liberty Mutual Grp Asset Management has 0.19% invested in the company for 47,949 shares. Leisure Capital Mngmt reported 16,919 shares or 2.04% of all its holdings.
Insider Transactions: Since August 12, 2016, the stock had 0 buys, and 1 insider sale for $249,004 net activity. On Friday, August 12 the insider Barber James J. sold $249,004.
More recent United Parcel Service, Inc. (NYSE:UPS) news were published by: Fool.com which released: “What Happens to United Parcel Service and FedEx Corp. Under Donald Trump?” on November 25, 2016. Also Investorplace.com published the news titled: “Trade of the Day: United Parcel Service, Inc. (UPS) Stock Will Deliver” on November 21, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: W.W. Grainger, United Parcel Service and Woodward” with publication date: November 07, 2016 was also an interesting one.
UPS Company Profile
United Parcel Service, Inc. (UPS), incorporated on July 15, 1999, is a package delivery company. The Firm is a well-known provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Firm operates in three divisions: U.S. Domestic Package, International Package, and Supply Chain & Freight. WorldShip, a desktop shipping application of UPS, provides middle market and large clients with shipping capabilities. Customers can create custom labels, set up shipment alerts, create and upload customs documentation, track and export shipments, create reports and integrate with their enterprise resource planning and accounting systems to streamline shipping with real-time connectivity. UPS marketplace shipping, which integrates www.ups.com with eBay and Amazon, allows marketplace sellers to ship their orders via www.ups.com or WorldShip. UPS marketplace shipping provides shipment processing; multiple payment options, including PayPal; order and shipment history, and automatic tracking updates. It also provides customizable supply chain control and visibility. The Firm serves the global market for logistics services, which include transportation, distribution, forwarding, ground freight, ocean freight, air freight, brokerage and financing.
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