United Parcel Service (NYSE:UPS)‘s stock had its “sell” rating reissued by investment analysts at Barclays in a research note issued on Friday, AnalystRatings.com reports. They presently have a $120.00 target price on the transportation company’s stock. Barclays‘s target price points to a potential downside of 15.94% from the stock’s current price.
A number of other brokerages also recently issued reports on UPS. Wells Fargo & Co lifted their price objective on shares of United Parcel Service from $111.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Credit Suisse Group lifted their price objective on shares of United Parcel Service from $118.00 to $147.00 and gave the stock a “neutral” rating in a research report on Friday. Goldman Sachs Group reaffirmed a “buy” rating and issued a $120.00 price objective on shares of United Parcel Service in a research report on Thursday. Oppenheimer reaffirmed a “buy” rating on shares of United Parcel Service in a research report on Thursday. Finally, Raymond James lifted their price objective on shares of United Parcel Service from $120.00 to $135.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, July 15th. 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 company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $123.62.
NYSE:UPS opened at $142.76 on Friday. United Parcel Service has a one year low of $82.00 and a one year high of $145.50. The company has a debt-to-equity ratio of 5.86, a quick ratio of 1.22 and a current ratio of 1.24. The firm 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 firm has a 50-day simple moving average of $113.28 and a 200-day simple moving average of $103.54.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, July 30th. The transportation company reported $2.13 EPS for the quarter, beating the consensus estimate of $1.07 by $1.06. United Parcel Service had a net margin of 5.66% and a return on equity of 156.85%. The business had revenue of $20.46 billion during the quarter, compared to analyst estimates of $17.42 billion. During the same quarter in the previous year, the business posted $1.96 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, research analysts predict that United Parcel Service will post 5.52 EPS for the current fiscal year.
In other United Parcel Service news, CEO Carol B. Tome acquired 10,100 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was acquired at an average cost of $99.33 per share, for a total transaction of $1,003,233.00. Following the purchase, the chief executive officer now owns 13,036 shares in the company, valued at approximately $1,294,865.88. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.57% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in UPS. TD Capital Management LLC acquired a new stake in United Parcel Service during the 1st quarter valued at approximately $28,000. Ellevest Inc. boosted its holdings in United Parcel Service by 69.5% during the second 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. Pinnacle Holdings LLC acquired a new stake in United Parcel Service during the first quarter valued at $34,000. Red Door Wealth Management LLC purchased a new position in United Parcel Service in the first quarter valued at $38,000. Finally, M&R Capital Management Inc. raised its position in shares of United Parcel Service by 104.8% in the second quarter. M&R Capital Management Inc. now owns 342 shares of the transportation company’s stock worth $38,000 after acquiring an additional 175 shares during the period. Institutional investors and hedge funds 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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