United Parcel Service (UPS) PT Raised to $111.00

United Parcel Service (NYSE:UPS) had its target price hoisted by equities research analysts at Credit Suisse Group from $104.00 to $111.00 in a research report issued on Monday, February 4th, The Fly reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Credit Suisse Group’s target price would suggest a potential downside of 1.01% from the company’s previous close.

A number of other research analysts have also recently issued reports on UPS. Citigroup cut United Parcel Service from a “buy” rating to a “neutral” rating in a report on Friday, November 2nd. Barclays restated a “hold” rating and issued a $112.00 target price on shares of United Parcel Service in a research note on Tuesday, January 29th. Bank of America lowered United Parcel Service from a “buy” rating to a “neutral” rating in a research note on Thursday, October 25th. Goldman Sachs Group set a $147.00 target price on United Parcel Service and gave the company a “buy” rating in a research note on Tuesday, October 30th. Finally, Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $123.11.

UPS stock traded up $1.93 during midday trading on Monday, hitting $112.13. 3,904,115 shares of the company traded hands, compared to its average volume of 3,231,828. The company has a market cap of $94.82 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 1.66 and a beta of 1.18. The company has a quick ratio of 1.14, a current ratio of 1.12 and a debt-to-equity ratio of 6.56. United Parcel Service has a twelve month low of $89.89 and a twelve month high of $125.09.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 31st. The transportation company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.03. The business had revenue of $19.85 billion for the quarter, compared to the consensus estimate of $19.92 billion. United Parcel Service had a net margin of 6.67% and a return on equity of 254.74%. During the same quarter last year, the company posted $1.67 earnings per share. As a group, equities analysts expect that United Parcel Service will post 7.58 EPS for the current fiscal year.

In other United Parcel Service news, SVP Teri P. Mcclure sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $109.72, for a total value of $548,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Richard N. Peretz sold 9,112 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $111.18, for a total value of $1,013,072.16. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Several institutional investors have recently made changes to their positions in UPS. Oregon Public Employees Retirement Fund increased its holdings in shares of United Parcel Service by 9,644.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,364,978 shares of the transportation company’s stock worth $76,000 after acquiring an additional 7,289,396 shares during the last quarter. Capital International Investors acquired a new position in shares of United Parcel Service during the 3rd quarter worth approximately $525,375,000. Boston Partners increased its holdings in shares of United Parcel Service by 3,240.0% during the 4th quarter. Boston Partners now owns 1,891,319 shares of the transportation company’s stock worth $184,460,000 after acquiring an additional 1,834,692 shares during the last quarter. BlackRock Inc. increased its holdings in shares of United Parcel Service by 3.6% during the 4th quarter. BlackRock Inc. now owns 43,989,061 shares of the transportation company’s stock worth $4,290,253,000 after acquiring an additional 1,534,331 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of United Parcel Service by 9.9% during the 4th quarter. FMR LLC now owns 12,254,495 shares of the transportation company’s stock worth $1,195,181,000 after acquiring an additional 1,102,283 shares during the last quarter. Institutional investors own 54.46% 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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