United Parcel Service

Equities research analysts at UBS AG (NYSE: UBS) lowered their earnings per share estimates on shares of United Parcel Service, Inc. (NYSE: UPS) in a research note to investors on Friday. The analysts currently have a “buy” rating and a $86.00 price target on the stock.

Separately, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of United Parcel Service, Inc. in a research note to investors on Wednesday, February 23rd. They now have a $78.00 price target on the stock.

United Parcel Service, Inc. (UPS) is a package delivery company. The Company delivers packages each business day for 1.8 million shipping customers to 6.1 million consignees in over 200 countries and territories. Its primary business is the time-definite delivery of packages and documents worldwide. The UPS service portfolio also includes global supply chain services and less-than-truckload transportation, primarily in the United States. The Company operates in three segments: U.S. Domestic Package operations, International Package operations and Supply Chain & Freight operations. During the year ended December 31, 2009, UPS delivered an average of 15.1 million pieces per day worldwide, or a total of 3.8 billion packages. In June 2009, the Company acquired a unit of Intereuropa Globalni Logisticni Servis. In 2009, it acquired service agents in Slovenia and Turkey.

United Parcel Service, Inc. last announced its quarterly results on Tuesday, February 1st. The company reported $1.08 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.05 EPS by $0.03. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. On average, analysts predict that United Parcel Service, Inc. will post $1.03 EPS next quarter.

Shares of United Parcel Service, Inc. (NYSE: UPS) traded up 0.92% during mid-day trading on Friday, hitting $73.78. United Parcel Service, Inc. has a 52 week low of $56.47 and a 52 week high of $77.00. The stock’s 50-day moving average is $73.64 and its 200-day moving average is $70.34. The company has a market cap of $72.830 billion and a price-to-earnings ratio of 21.01.