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United Parcel Service, Inc. Message Board

  • upsoars upsoars Sep 28, 2013 12:03 AM Flag

    Credit Suisse Increases UPS EPS Estimates

     

    Credit Suisse Increases United Parcel Service EPS Estimates (UPS)

    Posted by Scott Davis on Sep 27th, 2013 // No Comments

    United Parcel Service Inc. analysts at Credit Suisse hoisted their earnings per share (EPS) estimates on shares of United Parcel Service (NYSE:UPS) in a report issued on Friday, StockRatingsNetwork.com reports. The firm currently has an “outperform” rating and a $100.00 price target on the company’s shares. Credit Suisse’s price target indicates a potential upside of 8.93% from the stock’s previous close.

    A number of other analysts have also recently weighed in on UPS. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of United Parcel Service (NYSE:UPS) in a research note to investors on Monday, September 16th. They now have a $98.00 price target on the stock, up previously from $96.00. Separately, analysts at Barclays Capital upgraded shares of United Parcel Service (NYSE:UPS) from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, September 16th. They now have a $106.00 price target on the stock, up previously from $88.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of United Parcel Service (NYSE:UPS) in a research note to investors on Wednesday, September 4th. They now have a $90.00 price target on the stock. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $93.67.

    United Parcel Service (NYSE:UPS) traded down 0.87% on Friday, hitting $91.00. 799,093 shares of the company’s stock traded hands. United Parcel Service has a 1-year low of $69.56 and a 1-year high of $92.12. The stock’s 50-day moving average is $87.99 and its 200-day moving average is $86.57. The company has a market cap of $85.383 billion and a P/E ratio of 106.62.

    United Parcel Service (NYSE:UPS) last released its earnings data on Tuesday, July 23

    Sentiment: Strong Buy

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    • Hey upsoars- good stuff about the new target. All this data about the new $98 number, the FDX share price and response to their report, the good air freight numbers that came in today, the ever-expanding use of online shipping services, our recently completed/announced acquisitions and other news has moved our shares to near all-time highs. Of course, for every good thing there is also a downside for some. In my case, my covered call options are starting to put me in a bind. It was an excellent source of income when prices were stable but the steadily increasing share price has made it less than a profitable endeavor lately. So, I decided to sell some shares today to cover the cost of closing out some call options, pay down some of my hypo debt and set aside some $$ for the capital gains tax burden. I'm not complaining but for those with a significant number of shares playing the covered call game, these are complicated times.

 
UPS
102.36Jul 31 4:01 PMEDT