Nomura Securities Maintains a 'Neutral' on UPS (UPS); Adjusting FY12/13 EPS Estimates
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Price: $104.50 -0.99%
Rating Summary:
18 Buy, 21 Hold, 3 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
18 Buy, 21 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on UPS (NYSE: UPS) price target of $80.00.
Analyst, Mark McVicar, said, "Q1 EPS of USD 1.0 was in line with our and Bloomberg consensus estimates. US domestic was very strong, with EBITA up some 13%, driven by volumes up 4.5%, yields up 1.5% and margins expanding by 70 bps, with e-commerce volumes featuring across a number of new and existing products and contributing positively. International was disappointing, with 5.4% export volume growth and flat pricing, with weakness in high yielding Asian volumes cited as the main negative, while pricing should recover fuel in Q2. Our 2012E/2013E EPS goes from $4.87/$5.43 to $4.80/$5.42."
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 $78.14 yesterday.
Analyst, Mark McVicar, said, "Q1 EPS of USD 1.0 was in line with our and Bloomberg consensus estimates. US domestic was very strong, with EBITA up some 13%, driven by volumes up 4.5%, yields up 1.5% and margins expanding by 70 bps, with e-commerce volumes featuring across a number of new and existing products and contributing positively. International was disappointing, with 5.4% export volume growth and flat pricing, with weakness in high yielding Asian volumes cited as the main negative, while pricing should recover fuel in Q2. Our 2012E/2013E EPS goes from $4.87/$5.43 to $4.80/$5.42."
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 $78.14 yesterday.
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