The stock of United Parcel Service, Inc. (NYSE:UPS) hit a new 52-week high and has $122.68 target or 6.00% above today’s $115.74 share price. The 6 months bullish chart indicates low risk for the $101.46 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $122.68 price target is reached, the company will be worth $6.09B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.63 million 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 $1.47 billion for 17.22 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. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Outperform” rating given on Wednesday, February 3 by Oppenheimer. S&P Research maintained the stock with “Buy” rating in Tuesday, September 22 report. On Thursday, September 17 the stock rating was upgraded by Zacks to “Buy”. Zacks downgraded the stock to “Buy” rating in Friday, August 14 report. On Tuesday, August 25 the stock rating was upgraded by Zacks to “Hold”. S&P Research maintained the shares of UPS in a report on Wednesday, July 29 with “Buy” rating. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Market Perform” rating by Cowen & Co on Friday, April 29. Argus Research maintained United Parcel Service, Inc. (NYSE:UPS) on Tuesday, August 2 with “Buy” rating. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Hold” rating given on Tuesday, September 1 by Zacks. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Hold” rating given on Wednesday, November 2 by Deutsche Bank.
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 2016 Q2. 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.
City Hldg Co has 16,933 shares for 0.81% of their US portfolio. Martingale Asset Management L P holds 349,308 shares or 0.62% of its portfolio. Mcdaniel Terry & last reported 154,648 shares in the company. Athena Global Invsts Ltd Liability Corporation, a Virginia-based fund reported 15,946 shares. Meyer Handelman last reported 0.19% of its portfolio in the stock. Forbes J M Limited Liability Partnership has invested 1.87% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Capital Wealth Planning Limited Liability Com accumulated 79,125 shares or 6.46% of the stock. Jensen Invest Mgmt holds 1.68M shares or 2.8% of its portfolio. Granite Inv has 0.99% invested in the company for 45,315 shares. Glg Ltd Com, a New York-based fund reported 5,338 shares. The California-based Bankshares Of The West has invested 0.29% in United Parcel Service, Inc. (NYSE:UPS). Citizens Northern Corporation has 0.38% invested in the company for 4,464 shares. Citadel Advsr Limited Liability Corporation, a Illinois-based fund reported 179,165 shares. Tradewinds Cap Mgmt Limited Liability, a Washington-based fund reported 21,041 shares. Putnam Investments Llc last reported 685,846 shares in the company.
Insider Transactions: Since August 12, 2016, the stock had 0 insider buys, and 1 insider sale for $249,004 net activity. 2,268 shares were sold by Barber James J., worth $249,004.
More important 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 article titled: “Trade of the Day: United Parcel Service, Inc. (UPS) Stock Will Deliver”, Forbes.com published: “Ex-Dividend Reminder: W.W. Grainger, United Parcel Service and Woodward” on November 07, 2016. More interesting news about United Parcel Service, Inc. (NYSE:UPS) was released by: Forbes.com and their article: “Notable Monday Option Activity: UPS, LMT, XLNX” with publication date: November 28, 2016.
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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