United Parcel Service, Inc. (NYSE:UPS) had its price objective raised by equities researchers at BMO Capital Markets from $115.00 to $128.00 in a note issued to investors on Friday, October 27th. The brokerage presently has a “market perform” rating on the transportation company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 13.04% from the company’s previous close.
Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a report on Tuesday, September 26th. BidaskClub downgraded United Parcel Service from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Robert W. Baird reissued a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a report on Friday, August 25th. One investment 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 stock currently has an average rating of “Hold” and an average price target of $119.22.
Shares of United Parcel Service (NYSE:UPS) opened at $113.23 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. 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 price-to-earnings ratio of 18.82, a P/E/G ratio of 2.02 and a beta of 0.92.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, meeting the consensus estimate of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The company had revenue of $15.98 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same period last year, the firm posted $1.44 earnings per share. United Parcel Service’s revenue was up 7.0% compared to the same quarter last year. research analysts predict that United Parcel Service will post 6.01 EPS for the current fiscal year.
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In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.59% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Wisconsin Investment Board boosted its holdings in shares of United Parcel Service by 50.0% in the 2nd quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock worth $79,456,000 after purchasing an additional 239,350 shares during the period. Brookstone Capital Management boosted its holdings in shares of United Parcel Service by 9.0% in the 2nd quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock worth $6,096,000 after purchasing an additional 4,541 shares during the period. Bank of The Ozarks boosted its holdings in shares of United Parcel Service by 17.9% in the 1st quarter. Bank of The Ozarks now owns 5,823 shares of the transportation company’s stock worth $625,000 after purchasing an additional 886 shares during the period. Wesbanco Bank Inc. boosted its holdings in shares of United Parcel Service by 9.4% in the 2nd quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock worth $6,845,000 after purchasing an additional 5,325 shares during the period. Finally, Airain ltd purchased a new position in shares of United Parcel Service in the 1st quarter worth approximately $762,000. Institutional investors and hedge funds 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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