Nomura Securities Maintains a 'Neutral' on UPS (UPS); Q2 Preview: Underlying Growth Domestically?
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Price: $104.50 --0%
Rating Summary:
18 Buy, 21 Hold, 3 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
Rating Summary:
18 Buy, 21 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
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Nomura Securities maintains a 'Neutral' on UPS (NYSE: UPS) price target of $80.00.
Analyst, Mark McVicar, said, "At the EPS level they equate to $1.18 per share against Bloomberg consensus of $1.17 per share, growth YoY of 12.5% on an underlying basis. Within the mix we look for the following; within Domestic Express we look for a continuation of the volume growth seen in Q1, led by the deferred product, stable pricing excluding fuel and 50bp of margin improvement. Within International Package we look for some 5% volume growth in export volume and 2.5% underlying growth in domestic volume, with a 2-3% yield improvement and a 150bp drop in margin, in line with management guidance. The key will be the outlook, in our view. We also look for an update on the TNT acquisition."
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, Mark McVicar, said, "At the EPS level they equate to $1.18 per share against Bloomberg consensus of $1.17 per share, growth YoY of 12.5% on an underlying basis. Within the mix we look for the following; within Domestic Express we look for a continuation of the volume growth seen in Q1, led by the deferred product, stable pricing excluding fuel and 50bp of margin improvement. Within International Package we look for some 5% volume growth in export volume and 2.5% underlying growth in domestic volume, with a 2-3% yield improvement and a 150bp drop in margin, in line with management guidance. The key will be the outlook, in our view. We also look for an update on the TNT acquisition."
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.
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