Market Update: United Parcel Service Inc (NYSE:UPS) – The UPS Store Kicks Off National Small Business Week with Small Biz Salute

[GlobeNewswire] – SAN DIEGO, May 02, 2016– Business is built on relationships, and for many small business owners, cultivating those connections is critical. According to a recent survey* conducted by The UPS Store, Inc., … Read more on this. United Parcel Service, Inc. (UPS) , currently valued at $92.85B, began trading this morning at $105.32. Looking at today’s trading action, the company’s one day range from $105.00 to $105.60 with a one year range of $87.30 to $107.32. UPS shares are currently priced at 18.12x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -15.43x earnings multiple. The company pays shareholders $3.12 per share in dividend income per year, for a current yield of 2.97%. In a review of the consensus earnings estimate this quarter, 23 sell-side analysts are looking at $1.43 per share, which would be $0.08 better than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $5.80 is a $0.37 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $14.64 Billion. If reported, that would be a 3.83% increase over the year-ago quarter. In terms of ratings, Goldman upgraded UPS from Neutral to Buy (May 15, 2015). Previously, BofA/Merrill upgraded UPS from Neutral to Buy. With the above information in mind, readers should note that the average price target is $108.15, which is 2.69% above where the stock opened this morning. See more in (NYSE:UPS) Similar Articles: Market Update (NYSE:UPS): The UPS Foundation Commits $14 Million to Support Community Safety Programs Company Update: FedEx Corporation (NYSE:FDX) – Air Delivery & Freight Services Equities Technical Updates — United Parcel Service, FedEx, Expeditors International of Washington, and XPO Logistics Market Update: United Parcel Service Inc (NYSE:UPS) – The UPS Store Aims to Make the Holidays a Little Easier