Analysts Set United Parcel Service, Inc. (NYSE:UPS) Price Target at $110.85

United Parcel Service, Inc. (NYSE:UPS) has earned an average rating of “Hold” from the twenty-three ratings firms that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $110.85.

UPS has been the topic of several research analyst reports. Evercore decreased their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. Weiss Ratings lowered United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Susquehanna lifted their target price on United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. UBS Group decreased their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, Citigroup raised their price target on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th.

United Parcel Service Trading Up 1.8%

UPS stock opened at $112.00 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. United Parcel Service has a 1-year low of $82.00 and a 1-year high of $122.41. The business has a 50 day simple moving average of $105.05 and a two-hundred day simple moving average of $105.43. The company has a market capitalization of $95.20 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 1.75 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the previous year, the firm earned $1.49 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Research analysts anticipate that United Parcel Service will post 7.11 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Monday, May 18th. United Parcel Service’s dividend payout ratio is currently 106.15%.

Institutional Investors Weigh In On United Parcel Service

A number of hedge funds have recently bought and sold shares of UPS. University of Texas Texas AM Investment Management Co. bought a new stake in shares of United Parcel Service in the 4th quarter worth about $25,000. IFC & Insurance Marketing Inc. bought a new position in shares of United Parcel Service in the 4th quarter valued at about $25,000. Coston McIsaac & Partners grew its position in United Parcel Service by 77.8% in the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after acquiring an additional 119 shares in the last quarter. Torren Management LLC purchased a new position in United Parcel Service in the fourth quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. bought a new stake in United Parcel Service during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.