United Parcel Service (NYSE:UPS) had its price target increased by stock analysts at UBS Group from $121.00 to $150.00 in a research note issued on Friday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the transportation company’s stock. UBS Group’s price objective would suggest a potential upside of 5.07% from the company’s current price.
A number of other brokerages also recently issued reports on UPS. Credit Suisse Group boosted their price target on United Parcel Service from $118.00 to $147.00 and gave the company a “neutral” rating in a report on Friday. TheStreet upgraded United Parcel Service from a “c+” rating to a “b-” rating in a report on Wednesday, June 10th. Cowen boosted their price target on United Parcel Service from $101.00 to $114.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Goldman Sachs Group restated a “buy” rating and set a $120.00 price target on shares of United Parcel Service in a report on Thursday. Finally, Barclays restated a “sell” rating and set a $120.00 price target on shares of United Parcel Service in a report on Friday. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $123.62.
UPS opened at $142.76 on Friday. The company has a market cap of $123.08 billion, a P/E ratio of 28.38, a P/E/G ratio of 3.49 and a beta of 0.84. The business’s 50-day moving average price is $113.28 and its 200-day moving average price is $103.54. The company has a current ratio of 1.24, a quick ratio of 1.22 and a debt-to-equity ratio of 5.86. United Parcel Service has a 12 month low of $82.00 and a 12 month high of $145.50.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $1.06. United Parcel Service had a return on equity of 156.85% and a net margin of 5.66%. The company had revenue of $20.46 billion for the quarter, compared to the consensus estimate of $17.42 billion. During the same quarter in the previous year, the business earned $1.96 EPS. United Parcel Service’s revenue was up 13.4% compared to the same quarter last year. Equities research analysts forecast that United Parcel Service will post 5.52 earnings per share for the current fiscal year.
In related news, CEO Carol B. Tome purchased 10,100 shares of United Parcel Service stock in a transaction dated Friday, May 29th. The stock was purchased at an average cost of $99.33 per share, for a total transaction of $1,003,233.00. Following the completion of the acquisition, the chief executive officer now directly owns 13,036 shares of the company’s stock, valued at $1,294,865.88. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.57% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of UPS. TD Capital Management LLC bought a new stake in United Parcel Service in the 1st quarter worth about $28,000. Ellevest Inc. increased its holdings in United Parcel Service by 69.5% in the 2nd quarter. Ellevest Inc. now owns 300 shares of the transportation company’s stock worth $33,000 after buying an additional 123 shares in the last quarter. M&R Capital Management Inc. increased its holdings in United Parcel Service by 104.8% in the 2nd quarter. M&R Capital Management Inc. now owns 342 shares of the transportation company’s stock worth $38,000 after buying an additional 175 shares in the last quarter. Arlington Partners LLC bought a new stake in United Parcel Service in the 2nd quarter worth about $38,000. Finally, Pinnacle Holdings LLC bought a new stake in United Parcel Service in the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 54.67% of the company’s stock.
About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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