UPS (UPS) Delivers Solid Q1 Report (No Pun Intended)

Deutsche Bank today maintained a Buy rating on UPS (NYSE: UPS) with a price target of $99.00. This morning UPS reported Q1 adjusted EPS of $1.04, $0.03 better than the average analyst estimate of $1.01. Revenue for the quarter came in at $13.43 billion versus the consensus estimate of $13.47 billion.

Commenting on new, anlayst Justin Yagerman said, "We remain confident at the high-end of UPS' guidance range following the modestly-better-than-expected Q1 results. In addition, UPS announced the acquisition of Cemelog, a medical logistics company serving Eastern and Central Europe, which is expected to close in June and will add 255,000 square feet of dedicated healthcare distribution space. This tuck-in acquisition should contribute density to its International Package segment and likely drive modest earnings accretion."

For an analyst ratings summary and ratings history on UPS (NYSE: UPS) click here. For more ratings news on UPS click here.

Shares of UPS closed at $83.50 yesterday.

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