United Parcel Service, Inc. (NYSE:UPS) had its price target boosted by investment analysts at UBS AG from $117.00 to $126.00 in a research report issued to clients and investors on Friday, October 27th, www.benzinga.com reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. UBS AG’s price target suggests a potential upside of 11.28% from the company’s current price.
UPS has been the topic of a number of other research reports. Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Cowen and Company reiterated a “hold” rating on shares of United Parcel Service in a research note on Tuesday, September 26th. BidaskClub downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $118.00 price objective on shares of United Parcel Service in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $119.22.
Shares of United Parcel Service (NYSE UPS) opened at $113.23 on Friday. United Parcel Service has a 12-month low of $102.12 and a 12-month high of $121.75. The company has a market capitalization of $97,018.10, a PE ratio of 18.82, a P/E/G ratio of 2.02 and a beta of 0.92. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.45. The business had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 EPS. equities analysts anticipate that United Parcel Service will post 6.01 earnings per share for the current fiscal year.
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In other news, EVP Alan Gershenhorn sold 17,699 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.59% of the company’s stock.
Several institutional investors have recently bought and sold shares of UPS. V Wealth Management LLC bought a new position in United Parcel Service in the second quarter worth about $102,000. Parkside Financial Bank & Trust raised its stake in United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock worth $116,000 after buying an additional 160 shares in the last quarter. First PREMIER Bank raised its stake in United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after buying an additional 50 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in United Parcel Service in the third quarter worth about $120,000. Finally, Ullmann Financial Group Inc. bought a new position in United Parcel Service in the first quarter worth about $126,000. Institutional investors own 52.87% of the company’s stock.
About United Parcel Service
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.
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