United Parcel Service (NYSE:UPS) was upgraded by Raymond James from a “market perform” rating to a “strong-buy” rating in a report released on Tuesday, September 4th, MarketBeat Ratings reports. The brokerage currently has a $150.00 price objective on the transportation company’s stock. Raymond James’ price objective points to a potential upside of 25.31% from the stock’s previous close.
Several other brokerages also recently weighed in on UPS. BMO Capital Markets upped their price objective on United Parcel Service to $128.00 and gave the stock a “market perform” rating in a research report on Thursday, July 26th. UBS Group upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Monday, July 16th. ValuEngine upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Loop Capital raised their price objective on United Parcel Service to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, May 30th. Finally, Cowen restated a “hold” rating and set a $128.00 price objective on shares of United Parcel Service in a research report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $125.10.
Shares of NYSE UPS opened at $119.70 on Tuesday. The firm has a market capitalization of $105.88 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 1.83 and a beta of 1.16. United Parcel Service has a one year low of $101.45 and a one year high of $135.53. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 8.54.
United Parcel Service (NYSE:UPS) last released its earnings results on Wednesday, July 25th. The transportation company reported $1.94 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $17.46 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. equities analysts forecast that United Parcel Service will post 7.25 earnings per share for the current fiscal year.
In related news, insider George Willis sold 4,312 shares of United Parcel Service stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total transaction of $523,218.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Kathleen M. Gutmann sold 1,700 shares of the business’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $119.92, for a total value of $203,864.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,512 shares of company stock worth $1,031,932. 0.56% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of UPS. Legacy Financial Advisors Inc. purchased a new position in shares of United Parcel Service in the second quarter valued at $111,000. First PREMIER Bank purchased a new position in shares of United Parcel Service in the second quarter valued at $109,000. Massey Quick Simon & CO. LLC grew its position in shares of United Parcel Service by 2,857.1% in the first quarter. Massey Quick Simon & CO. LLC now owns 1,035 shares of the transportation company’s stock valued at $108,000 after purchasing an additional 1,000 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of United Parcel Service by 118.8% in the second quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock valued at $117,000 after purchasing an additional 600 shares in the last quarter. Finally, Signature Wealth Management Group purchased a new position in shares of United Parcel Service in the second quarter valued at $118,000. Hedge funds and other institutional investors own 54.01% of the company’s stock.
About United Parcel Service
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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