The stock of United Parcel Service, Inc. (NYSE:UPS) last traded at $153.89, down -0.56% from the previous session.
UPS stock price is now 1.28% away from the 50-day moving average and -4.24% away from the 200-day moving average. The market capitalization of the company currently stands at $131.21B.
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With the price target enhanced from $165 to $170, Robert W. Baird Upgraded its rating from Neutral to Outperform for United Parcel Service, Inc. (NYSE: UPS). On February 06, 2024, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $160 to quote $175, while ‘TD Cowen’ rates the stock as ‘Market Perform’
In other news, Boratto Eva C, Director bought 1,400 shares of the company’s stock on Feb 02 ’24. The stock was bought for $199,220 at an average price of $142.30. Upon completion of the transaction, the Director now directly owns 1,400 shares in the company, valued at $0.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16 ’23, President, US Operations Cesarone Nando sold 22,825 shares of the business’s stock. A total of $3,919,052 was realized by selling the stock at an average price of $171.70. This leaves the insider owning 1 shares of the company worth $153.89. A total of 14.78% of the company’s stock is owned by insiders.
During the past 12 months, United Parcel Service, Inc. has had a low of $133.68 and a high of $197.80. As of last week, the company has a debt-to-equity ratio of 1.54, a current ratio of 1.10, and a quick ratio of 1.05. The fifty day moving average price for UPS is $151.86 and a two-hundred day moving average price translates $160.61 for the stock.
The latest earnings results from United Parcel Service, Inc. (NYSE: UPS) was released for Dec, 2023. According to the Integrated Freight & Logistics Company, earnings per share came in at $2.47, beating analysts’ expectations of $2.46 by 0.01. This compares to $4.01 EPS in the same period last year. The net profit margin was 7.39% and return on equity was 36.17% for UPS. The company reported revenue of $24.92 billion for the quarter, compared to $27.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.83 percent. For the current quarter, analysts expect UPS to generate $22.04B in revenue.
United Parcel Service, Inc.(UPS) Company Profile
United Parcel Service, Inc., a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States. The International Package segment provides guaranteed day and time-definite international shipping services comprising guaranteed time-definite express options in Europe, Asia, the Indian sub-continent, the Middle East, Africa, Canada, and Latin America. The company also offers international air and ocean freight forwarding, post-sales, and mail and consulting services. In addition, it provides truckload and customs brokerage services; supply chain solutions to the healthcare and life sciences industries; fulfillment and transportation management services; and integrated supply chain and shipment insurance solutions. United Parcel Service, Inc. was founded in 1907 and is headquartered in Atlanta, Georgia.
