United Parcel Service (NYSE:UPS) had its price target hoisted by Loop Capital to $145.00 in a research report released on Friday, September 14th, The Fly reports. Loop Capital currently has a positive rating on the transportation company’s stock.
A number of other brokerages also recently weighed in on UPS. Goldman Sachs Group set a $150.00 target price on shares of United Parcel Service and gave the stock a buy rating in a report on Monday, September 10th. Raymond James upgraded shares of United Parcel Service from a market perform rating to a strong-buy rating and set a $150.00 target price on the stock in a report on Tuesday, September 4th. Stephens set a $128.00 target price on shares of United Parcel Service and gave the stock a hold rating in a report on Wednesday, July 25th. BMO Capital Markets boosted their target price on shares of United Parcel Service to $128.00 and gave the stock a market perform rating in a report on Thursday, July 26th. Finally, JPMorgan Chase & Co. restated a neutral rating and set a $125.00 target price on shares of United Parcel Service in a report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $125.41.
Shares of NYSE UPS traded down $0.07 during midday trading on Friday, reaching $117.24. The company’s stock had a trading volume of 2,039,162 shares, compared to its average volume of 3,477,596. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 8.54. United Parcel Service has a fifty-two week low of $101.45 and a fifty-two week high of $135.53. The company has a market capitalization of $100.45 billion, a PE ratio of 19.51, a price-to-earnings-growth 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 for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.01. The business had revenue of $17.46 billion for the quarter, compared to the consensus estimate of $17.34 billion. United Parcel Service had a net margin of 7.49% and a return on equity of 364.89%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.58 earnings per share. As a group, sell-side analysts expect that United Parcel Service will post 7.25 EPS for the current year.
In other news, SVP Kathleen M. Gutmann sold 1,700 shares of the business’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $119.92, for a total value of $203,864.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO James J. Barber sold 2,500 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $121.94, for a total transaction of $304,850.00. The disclosure for this sale can be found here. In the last three months, insiders sold 8,512 shares of company stock valued at $1,031,932. 0.56% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of UPS. First PREMIER Bank acquired a new position in United Parcel Service during the second quarter worth about $109,000. Legacy Financial Advisors Inc. acquired a new position in shares of United Parcel Service in the second quarter valued at approximately $111,000. Moneta Group Investment Advisors LLC boosted its holdings in 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 acquiring an additional 600 shares during the last quarter. Signature Wealth Management Group bought a new stake in United Parcel Service in the second quarter valued at approximately $118,000. Finally, Gables Capital Management Inc. bought a new position in shares of United Parcel Service during the 1st quarter worth approximately $119,000. 53.96% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading: Hedge Funds
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