Barclays Adjusts Estimates on UPS (UPS) Ahead of Q2 Report
Tweet
Share
E-mailGet Alerts UPS Hot Sheet
Price: $147.39 +0.53%
Rating Summary:
18 Buy, 18 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
18 Buy, 18 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
Barclays maintains an 'Overweight' on UPS (NYSE: UPS) price target of $92.00.
Analyst, Brandon R. Olgenski, said, "Soft international results keep a lid on 2Q forecast - Although lower fuel and U.S. domestic volume expansion should aid UPS second quarter results, continued soft international airfreight dynamics suggest limited upside for tomorrow's report."
However, Olgenski, suggests there is a second wind from domestic express lightweight packages. But, eCommerce has driven prices lower. Overall, he sees Q2 being a continuation of earlier trends, but look for 'core' pricing, TNT and shift in mix to be topics investors want to here more about (on conference call)
Because of slowing international trends, but mostly offset by lower fuel costs, Barclays drops FY12 EPS estimate from $4.84 to $4.82 and FY13 from $5.60 to $5.55.
For an analyst ratings summary and ratings history on UPS click here. For more ratings news on UPS click here.
Shares of UPS closed at $78.45 yesterday.
Analyst, Brandon R. Olgenski, said, "Soft international results keep a lid on 2Q forecast - Although lower fuel and U.S. domestic volume expansion should aid UPS second quarter results, continued soft international airfreight dynamics suggest limited upside for tomorrow's report."
However, Olgenski, suggests there is a second wind from domestic express lightweight packages. But, eCommerce has driven prices lower. Overall, he sees Q2 being a continuation of earlier trends, but look for 'core' pricing, TNT and shift in mix to be topics investors want to here more about (on conference call)
Because of slowing international trends, but mostly offset by lower fuel costs, Barclays drops FY12 EPS estimate from $4.84 to $4.82 and FY13 from $5.60 to $5.55.
For an analyst ratings summary and ratings history on UPS click here. For more ratings news on UPS click here.
Shares of UPS closed at $78.45 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Upgrades UPS (UPS) to Buy, 'Back to earnings growth'
- META to capture largest share of users, SNAP to benefit from ad budget shifts - Canaccord Genuity weighs in on TikTok ban
- MarineMax (HZO) PT Lowered to $35 at Stifel
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
