Stephens restated their hold rating on shares of United Parcel Service (NYSE:UPS) in a research report released on Monday, April 9th. They currently have a $126.00 target price on the transportation company’s stock.
Several other equities research analysts have also recently weighed in on the company. Deutsche Bank reiterated a buy rating and set a $145.00 price target (up from $135.00) on shares of United Parcel Service in a research report on Monday, January 8th. Robert W. Baird restated a hold rating and issued a $130.00 price objective on shares of United Parcel Service in a research report on Tuesday, January 9th. Knight Equity restated a buy rating and issued a $135.00 price objective (down from $145.00) on shares of United Parcel Service in a research report on Monday, January 8th. Vetr raised United Parcel Service from a sell rating to a hold rating and set a $116.85 target price for the company in a research note on Tuesday, December 26th. Finally, Morgan Stanley upped their target price on United Parcel Service from $79.00 to $90.00 and gave the stock an underweight rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $124.73.
Shares of NYSE:UPS opened at $109.68 on Monday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 19.69. The stock has a market capitalization of $95,552.88, a P/E ratio of 18.42, a P/E/G ratio of 1.66 and a beta of 1.03. United Parcel Service has a fifty-two week low of $101.45 and a fifty-two week high of $135.53.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.01. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The company had revenue of $18.83 billion for the quarter, compared to the consensus estimate of $18.20 billion. During the same period in the previous year, the firm earned $1.63 EPS. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. analysts expect that United Parcel Service will post 7.22 EPS for the current year.
In related news, SVP Teri P. Mcclure sold 4,500 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $106.80, for a total transaction of $480,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in UPS. Ark Investment Management LLC boosted its position in United Parcel Service by 85.1% in the second quarter. Ark Investment Management LLC now owns 3,695 shares of the transportation company’s stock worth $409,000 after purchasing an additional 1,699 shares during the last quarter. Reliance Trust Co. of Delaware boosted its position in United Parcel Service by 3.7% in the third quarter. Reliance Trust Co. of Delaware now owns 20,327 shares of the transportation company’s stock worth $2,441,000 after purchasing an additional 729 shares during the last quarter. Xact Kapitalforvaltning AB boosted its position in United Parcel Service by 1.7% in the third quarter. Xact Kapitalforvaltning AB now owns 96,868 shares of the transportation company’s stock worth $11,633,000 after purchasing an additional 1,665 shares during the last quarter. Raymond James Trust N.A. boosted its position in United Parcel Service by 11.6% in the third quarter. Raymond James Trust N.A. now owns 38,874 shares of the transportation company’s stock worth $4,669,000 after purchasing an additional 4,051 shares during the last quarter. Finally, Tirschwell & Loewy Inc. purchased a new position in United Parcel Service in the third quarter worth about $773,000. 54.15% of the stock is currently owned by institutional investors.
United Parcel Service Company Profile
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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