Knight Equity Reiterates Buy Rating for United Parcel Service (UPS)

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.

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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.

The Fly

Analyst Recommendations for United Parcel Service (NYSE:UPS)

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