Oppenheimer Boosts United Parcel Service (NYSE:UPS) Price Target to $146.00

United Parcel Service (NYSE:UPS) had its price target lifted by analysts at Oppenheimer from $140.00 to $146.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Oppenheimer’s price target points to a potential upside of 5.72% from the company’s current price.

UPS has been the topic of several other research reports. Stephens decreased their price objective 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. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a report on Friday. BMO Capital Markets dropped their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. Barclays restated an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a research report on Monday, October 21st. Finally, Citigroup assumed coverage on United Parcel Service in a research note on Wednesday, October 9th. They issued a “buy” rating and a $162.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.71.

United Parcel Service Stock Performance

NYSE:UPS opened at $138.10 on Monday. The company has a market capitalization of $118.29 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.03 and a beta of 0.99. The business has a 50 day moving average of $130.89 and a 200 day moving average of $135.90. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25. 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 announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same period in the previous year, the business posted $1.57 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts predict that United Parcel Service will post 7.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United Parcel Service

Several institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in shares of United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after acquiring an additional 14,539,321 shares during the last quarter. Clearbridge Investments LLC increased its position in United Parcel Service by 6.5% during the first quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock valued at $991,556,000 after acquiring an additional 406,248 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in United Parcel Service by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock valued at $888,254,000 after acquiring an additional 20,426 shares during the period. American Century Companies Inc. boosted its position in United Parcel Service by 10.5% in the second quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock worth $567,157,000 after purchasing an additional 393,434 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in United Parcel Service by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock worth $611,445,000 after purchasing an additional 101,349 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

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.