United Parcel Service (NYSE:UPS) Price Target Raised to $112.00

by · The Markets Daily

United Parcel Service (NYSE:UPS – Get Free Report) had its price objective lifted by Stifel Nicolaus from $110.00 to $112.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 11.99% from the stock’s current price.

UPS has been the subject of a number of other reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft cut their price target on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. Citigroup lifted their price objective on shares of United Parcel Service from $112.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Wells Fargo & Company upped their price objective on shares of United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and a consensus price target of $110.09.

Get Our Latest Stock Analysis on United Parcel Service

United Parcel Service Stock Performance

NYSE UPS traded down $0.06 on Tuesday, reaching $100.01. The stock had a trading volume of 1,352,604 shares, compared to its average volume of 6,797,320. The stock has a market cap of $84.85 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 2.41 and a beta of 1.11. United Parcel Service has a 12-month low of $82.00 and a 12-month high of $136.99. The business’s 50-day moving average price is $92.67 and its 200 day moving average price is $92.66. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30.

United Parcel Service (NYSE:UPS – Get Free Report) last announced its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The business had revenue of $21.42 billion for the quarter, compared to analyst estimates of $20.94 billion. During the same period last year, the firm posted $1.76 earnings per share. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, equities analysts expect that United Parcel Service will post 7.95 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Evelyn Partners Investment Management Europe Ltd boosted its holdings in shares of United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 131 shares during the last quarter. Mid American Wealth Advisory Group Inc. purchased a new position in shares of United Parcel Service in the 2nd quarter worth $26,000. Saudi Central Bank acquired a new position in United Parcel Service in the first quarter valued at $32,000. Flaharty Asset Management LLC purchased a new stake in United Parcel Service during the first quarter valued at about $33,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in United Parcel Service during the second quarter worth about $34,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

About United Parcel Service

(Get Free Report)

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.

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