United Parcel Service (NYSE:UPS) PT Raised to $150.00

United Parcel Service (NYSE:UPS) had its price target increased by research analysts at Bank of America from $132.00 to $150.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Bank of America‘s price objective indicates a potential upside of 8.08% from the company’s previous close.

Other analysts have also recently issued reports about the company. Stephens reduced their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Oppenheimer reduced their price objective on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Citigroup started coverage on shares of United Parcel Service in a research note on Wednesday, October 9th. They set a “buy” rating and a $162.00 target price for the company. TD Cowen started coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target on the stock. Finally, Robert W. Baird lowered their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and an average target price of $150.90.

United Parcel Service Trading Up 0.3 %

NYSE UPS traded up $0.44 on Friday, hitting $138.79. The company’s stock had a trading volume of 2,231,902 shares, compared to its average volume of 4,208,276. The firm has a market cap of $118.88 billion, a PE ratio of 22.64, a PEG ratio of 1.93 and a beta of 0.99. The company’s 50-day moving average is $130.73 and its 200 day moving average is $136.17. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service has a 1-year low of $123.12 and a 1-year high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.11. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 earnings per share. As a group, analysts predict that United Parcel Service will post 7.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United Parcel Service

Institutional investors and hedge funds have recently modified their holdings of the company. TruNorth Capital Management LLC bought a new position in United Parcel Service in the 2nd quarter valued at $28,000. Stephens Consulting LLC grew its position in United Parcel Service by 869.6% during the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after buying an additional 200 shares in the last quarter. Riverview Trust Co bought a new position in United Parcel Service in the 2nd quarter worth about $32,000. Centerpoint Advisors LLC raised its holdings in shares of United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 175 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its position in shares of United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 155 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.