Knight Equity restated their buy rating on shares of United Parcel Service (NYSE:UPS) in a research report sent to investors on Monday, January 8th, The Fly reports. Knight Equity currently has a $135.00 target price on the transportation company’s stock, down from their prior target price of $145.00.
A number of other brokerages have also issued reports on UPS. Zacks Investment Research downgraded shares of United Parcel Service from a buy rating to a hold rating in a report on Thursday, October 5th. Goldman Sachs Group began coverage on shares of United Parcel Service in a report on Monday, November 13th. They issued a buy rating and a $148.00 target price on the stock. Cowen restated a hold rating on shares of United Parcel Service in a report on Tuesday, September 26th. Vetr upgraded shares of United Parcel Service from a sell rating to a hold rating and set a $116.85 price objective on the stock in a report on Tuesday, December 26th. Finally, Deutsche Bank upgraded shares of United Parcel Service from a hold rating to a buy rating and lifted their target price for the company from $125.00 to $135.00 in a research report on Monday, December 4th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $124.09.
United Parcel Service (NYSE:UPS) opened at $127.32 on Monday. United Parcel Service has a 52 week low of $102.12 and a 52 week high of $135.53. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $110,396.23, a P/E ratio of 21.42, a P/E/G ratio of 1.96 and a beta of 0.92.
Several institutional investors and hedge funds have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in United Parcel Service during the third quarter worth about $120,000. First PREMIER Bank grew its stake in United Parcel Service by 5.0% during 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. Resources Investment Advisors Inc. grew its stake in United Parcel Service by 51.2% during 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 in the last quarter. Parkside Financial Bank & Trust grew its stake in United Parcel Service by 14.1% during 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 in the last quarter. Finally, Winslow Evans & Crocker Inc. grew its stake in United Parcel Service by 261.3% during 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 in the last quarter. 53.56% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY WARNING: This news story was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.dispatchtribunal.com/2018/02/01/united-parcel-services-ups-buy-rating-reaffirmed-at-knight-equity.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.
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.