Courtesy of Benzinga.
On Wednesday, the Vetr crowd upgraded their rating for United Parcel Service, Inc. (NYSE: UPS) from 3 stars (Hold), issued eight days ago, to 4 stars (Buy). Crowd sentiment for the stock was unanimously positive, with 100 percent of Vetr user ratings bullish.
UPS posted its quarterly earnings before the market opened on Tuesday. The report showed the company fell short of analysts estimates on both EPS and revenue for the tail end of 2016. That same day, analysts with BMO Capital downgraded UPS from Outperform to Market Perform.
In response to the report, shares of the package delivery company took a 11.7 percent dip to a low of $103.29 from its Monday closing price of $117. The stock gained a little ground near the end of Wednesday’s session, finishing the day around $105.35.
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Currently, the Vetr crowd’s average target price for the stock is up at $117.40, which is just below the average analyst target price of $118.08. Less than 2 percent of Vetr users are holding UPS in their watch lists.
Latest Ratings for UPS
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Feb 2017 | BMO Capital | Downgrades | Outperform | Market Perform |
| Dec 2016 | Aegis Capital | Initiates Coverage On | Neutral | |
| Dec 2016 | Loop Capital | Initiates Coverage On | Hold |
View More Analyst Ratings for UPS
View the Latest Analyst Ratings
Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings
