Credit Suisse Reconfirmed Everbridge (EVBG) As “Outperform”; Has Target Of $37; Luminus Management Upped Its United Parcel Service (UPS) Holding

February 15, 2018 - By Steve Bissell

Luminus Management Llc increased United Parcel Service Inc (UPS) stake by 1.87% reported in 2017Q3 SEC filing. Luminus Management Llc acquired 12,200 shares as United Parcel Service Inc (UPS)’s stock declined 3.26%. The Luminus Management Llc holds 665,725 shares with $79.95M value, up from 653,525 last quarter. United Parcel Service Inc now has $91.81 billion valuation. The stock increased 0.25% or $0.2701 during the last trading session, reaching $106.8701. About 2.41 million shares traded. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since February 15, 2017 and is uptrending. It has underperformed by 14.60% the S&P500.

Among 8 analysts covering Everbridge Inc (EVBG), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Everbridge Inc has $33 highest and $27.0 lowest target. $31.57’s average target is -1.07% below currents $31.91 stock price. Everbridge Inc had 15 analyst reports since June 13, 2017 according to SRatingsIntel. On Tuesday, November 7 the stock rating was maintained by Canaccord Genuity with “Buy”. On Monday, June 26 the stock rating was initiated by SunTrust with “Buy”. The stock has “Outperform” rating by Credit Suisse on Tuesday, November 7. KeyBanc Capital Markets maintained Everbridge, Inc. (NASDAQ:EVBG) on Sunday, September 10 with “Buy” rating. As per Thursday, October 19, the company rating was maintained by SunTrust. The rating was maintained by KeyBanc Capital Markets on Tuesday, November 7 with “Overweight”. The stock has “Buy” rating by Canaccord Genuity on Friday, August 4. The stock has “Buy” rating by Stifel Nicolaus on Friday, July 28. On Tuesday, January 9 the stock rating was maintained by Stifel Nicolaus with “Buy”. Credit Suisse maintained the stock with “Outperform” rating in Friday, November 17 report.

Since August 22, 2017, it had 0 insider purchases, and 1 sale for $2.02 million activity. 17,699 United Parcel Service, Inc. (NYSE:UPS) shares with value of $2.02M were sold by Gershenhorn Alan.

Investors sentiment increased to 1.14 in Q3 2017. Its up 0.09, from 1.05 in 2017Q2. It improved, as 46 investors sold UPS shares while 390 reduced holdings. 104 funds opened positions while 395 raised stakes. 451.38 million shares or 0.77% more from 447.95 million shares in 2017Q2 were reported. Baldwin Brothers Ma has 92,968 shares for 1.8% of their portfolio. 3,709 were reported by Beaumont Financial Prtn. Moreover, Fincl Advantage Inc has 0.04% invested in United Parcel Service, Inc. (NYSE:UPS) for 400 shares. Smithfield Tru owns 8,588 shares or 0.14% of their US portfolio. Sarasin & Prtn Limited Liability Partnership stated it has 0.87% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Cwh owns 19,852 shares. 1.29M were accumulated by Principal Gru. Chemung Canal Trust Co stated it has 1.32% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Dorsey And Whitney Trust Company Ltd Company stated it has 1.5% in United Parcel Service, Inc. (NYSE:UPS). Meyer Handelman accumulated 22,330 shares. Endurance Wealth Mgmt Inc accumulated 125 shares. Kentucky Retirement System owns 42,291 shares. Barr E S And accumulated 10,368 shares. Wade G W Incorporated reported 1.33% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Gotham Asset Mgmt Limited Liability Corporation has invested 0.32% in United Parcel Service, Inc. (NYSE:UPS).

Among 23 analysts covering United Parcel Service (NYSE:UPS), 9 have Buy rating, 1 Sell and 13 Hold. Therefore 39% are positive. United Parcel Service had 65 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Hold” rating given on Thursday, October 12 by Credit Suisse. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Hold” rating by Robert W. Baird on Thursday, October 5. Zacks downgraded United Parcel Service, Inc. (NYSE:UPS) on Friday, August 14 to “Buy” rating. The rating was maintained by Stephens on Thursday, February 1 with “Hold”. The firm earned “Buy” rating on Wednesday, September 20 by Oppenheimer. Cowen & Co maintained the shares of UPS in report on Monday, September 25 with “Hold” rating. On Friday, October 27 the stock rating was maintained by BMO Capital Markets with “Market Perform”. Cowen & Co maintained it with “Market Perform” rating and $110 target in Friday, April 29 report. The firm has “Hold” rating by Robert W. Baird given on Thursday, February 1. Robert W. Baird maintained United Parcel Service, Inc. (NYSE:UPS) rating on Friday, October 27. Robert W. Baird has “Hold” rating and $128.0 target.

Luminus Management Llc decreased Ferro Corp (NYSE:FOE) stake by 859,160 shares to 276,573 valued at $6.17M in 2017Q3. It also reduced Summit Matls Inc stake by 295,251 shares and now owns 896,017 shares. Marathon Pete Corp (NYSE:MPC) was reduced too.

Everbridge, Inc., a software company, provides critical communications and enterprise safety applications that enable clients to automate and accelerate the process of keeping people safe and businesses running during critical events. The company has market cap of $901.61 million. The Company’s SaaS platform enables clients to aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes, and track progress on executing response plans. It currently has negative earnings. The company??s critical event management platform comprises a set of software applications that address various tasks an organization has to perform to manage a critical event, including Mass Notification, Incident Management, Safety Connection, IT Alerting, Visual Command Center, Crisis Commander, Community Engagement, and Secure Messaging.

Analysts await Everbridge, Inc. (NASDAQ:EVBG) to report earnings on February, 26. They expect $-0.15 earnings per share, down 150.00% or $0.09 from last year’s $-0.06 per share. After $-0.12 actual earnings per share reported by Everbridge, Inc. for the previous quarter, Wall Street now forecasts 25.00% negative EPS growth.

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By1 Steve Bissell

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