United Parcel Service (NYSE:UPS) had its price objective raised by Morgan Stanley from $92.00 to $93.00 in a research report report published on Tuesday, MarketBeat.com reports. The brokerage currently has a sell rating on the transportation company’s stock.
A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research raised United Parcel Service from a hold rating to a buy rating and set a $133.00 target price for the company in a report on Friday, August 3rd. Loop Capital increased their target price on United Parcel Service to $145.00 and gave the stock a positive rating in a report on Friday, September 14th. Goldman Sachs Group set a $150.00 target price on United Parcel Service and gave the stock a buy rating in a report on Monday, September 10th. Raymond James raised United Parcel Service from a market perform rating to a strong-buy rating and set a $150.00 target price for the company in a report on Tuesday, September 4th. Finally, KeyCorp initiated coverage on United Parcel Service in a report on Thursday, September 27th. They set a sector weight rating for the company. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. United Parcel Service has an average rating of Hold and a consensus target price of $125.49.
Shares of UPS opened at $115.64 on Tuesday. United Parcel Service has a 1 year low of $101.45 and a 1 year high of $135.53. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 8.54. The company has a market capitalization of $100.45 billion, a PE ratio of 19.24, a P/E/G ratio of 1.74 and a beta of 1.16.
United Parcel Service (NYSE:UPS) last issued its earnings results on Wednesday, July 25th. The transportation company reported $1.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.01. United Parcel Service had a return on equity of 364.89% and a net margin of 7.49%. The business had revenue of $17.46 billion during the quarter, compared to analysts’ expectations of $17.34 billion. During the same period in the prior year, the firm posted $1.58 EPS. United Parcel Service’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, equities research analysts expect that United Parcel Service will post 7.25 earnings per share for the current year.
In related news, SVP Kathleen M. Gutmann sold 1,700 shares of the firm’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $119.92, for a total transaction of $203,864.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider George Willis sold 4,312 shares of the firm’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $121.34, for a total value of $523,218.08. The disclosure for this sale can be found here. Insiders have sold a total of 8,512 shares of company stock valued at $1,031,932 over the last ninety days. Insiders own 0.56% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Parnassus Investments CA boosted its position in United Parcel Service by 0.8% in the 2nd quarter. Parnassus Investments CA now owns 6,839,746 shares of the transportation company’s stock valued at $726,586,000 after buying an additional 56,443 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in United Parcel Service by 2.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,309,401 shares of the transportation company’s stock valued at $457,788,000 after buying an additional 121,264 shares during the last quarter. Vulcan Value Partners LLC bought a new position in United Parcel Service in the 2nd quarter valued at $308,056,000. FineMark National Bank & Trust boosted its position in United Parcel Service by 6.2% in the 2nd quarter. FineMark National Bank & Trust now owns 2,840,715 shares of the transportation company’s stock valued at $301,769,000 after buying an additional 165,571 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in United Parcel Service by 2.8% in the 2nd quarter. Janus Henderson Group PLC now owns 2,328,216 shares of the transportation company’s stock valued at $247,329,000 after buying an additional 62,331 shares during the last quarter. 53.96% of the stock is owned by hedge funds and other 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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