United Parcel Service (NYSE:UPS) Earns “Buy” Rating from Deutsche Bank

United Parcel Service (NYSE:UPS)‘s stock had its “buy” rating restated by research analysts at Deutsche Bank in a report released on Monday, January 8th, MarketBeat.com reports. They presently have a $145.00 target price on the transportation company’s stock, up from their previous target price of $135.00. Deutsche Bank’s price target would suggest a potential upside of 13.89% from the stock’s previous close.

UPS has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price objective on shares of United Parcel Service from $113.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Loop Capital lifted their target price on shares of United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 price objective for the company in a research report on Friday, October 6th. Credit Suisse Group restated a “hold” rating and issued a $116.00 price objective (up from $108.00) on shares of United Parcel Service in a research report on Thursday, October 12th. They noted that the move was a valuation call. Finally, Knight Equity restated a “buy” rating and issued a $135.00 price objective (down from $145.00) on shares of United Parcel Service in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. United Parcel Service has an average rating of “Hold” and an average target price of $124.09.

Shares of United Parcel Service (NYSE:UPS) opened at $127.32 on Monday. United Parcel Service has a 1-year low of $102.12 and a 1-year high of $135.53. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. The stock has a market cap of $109,720.00, a PE ratio of 31.28, a P/E/G ratio of 2.00 and a beta of 0.92.

Several institutional investors and hedge funds have recently made changes to their positions in UPS. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of United Parcel Service in the third quarter worth $120,000. First PREMIER Bank increased its stake in shares of 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 during the period. Resources Investment Advisors Inc. increased its stake in shares of United Parcel Service by 51.2% in the fourth quarter. Resources Investment Advisors Inc. now owns 1,235 shares of the transportation company’s stock worth $147,000 after buying an additional 418 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of United Parcel Service by 14.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock worth $137,000 after buying an additional 153 shares during the period. Finally, Winslow Evans & Crocker Inc. increased its stake in shares of United Parcel Service by 261.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after buying an additional 899 shares during the period. Hedge funds and other institutional investors own 53.56% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “United Parcel Service (NYSE:UPS) Earns “Buy” Rating from Deutsche Bank” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/01/united-parcel-services-ups-buy-rating-reaffirmed-at-deutsche-bank.html.

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.

Analyst Recommendations for United Parcel Service (NYSE:UPS)

Receive News & Ratings for United Parcel Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply