United Parcel Service, Inc. (UPS) Receives $126.47 Consensus Price Target from Brokerages

Shares of United Parcel Service, Inc. (NYSE:UPS) have been given an average rating of “Hold” by the twenty-three ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $126.47.

Several brokerages have recently issued reports on UPS. BMO Capital Markets raised their target price on United Parcel Service to $130.00 and gave the company a “market perform” rating in a research report on Friday, February 2nd. Morgan Stanley raised their target price on United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a research report on Friday, February 2nd. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $150.00 target price for the company in a research report on Thursday, February 1st. Stifel Nicolaus raised their target price on United Parcel Service from $103.00 to $112.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $137.00 price target on shares of United Parcel Service in a research note on Wednesday, January 17th.

Shares of United Parcel Service (NYSE:UPS) traded up $0.41 during trading on Friday, hitting $113.12. The stock had a trading volume of 3,718,784 shares, compared to its average volume of 4,390,000. United Parcel Service has a 1 year low of $102.12 and a 1 year high of $135.53. The stock has a market cap of $97,440.00, a price-to-earnings ratio of 20.16, a PEG ratio of 1.69 and a beta of 0.91. The company has a current ratio of 1.22, a quick ratio of 1.06 and a debt-to-equity ratio of 19.69.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.01. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The firm had revenue of $18.83 billion during the quarter, compared to analyst estimates of $18.20 billion. During the same period last year, the firm posted $1.63 EPS. The business’s revenue was up 11.2% compared to the same quarter last year. equities analysts forecast that United Parcel Service will post 7.23 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of UPS. Vanguard Group Inc. raised its holdings in shares of United Parcel Service by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 48,402,968 shares of the transportation company’s stock valued at $5,352,884,000 after buying an additional 1,262,293 shares in the last quarter. FMR LLC raised its holdings in shares of United Parcel Service by 0.5% during the 2nd quarter. FMR LLC now owns 14,357,475 shares of the transportation company’s stock valued at $1,587,793,000 after buying an additional 71,666 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of United Parcel Service by 48.1% during the 2nd quarter. Lazard Asset Management LLC now owns 6,428,560 shares of the transportation company’s stock valued at $710,933,000 after buying an additional 2,087,477 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of United Parcel Service by 10.6% during the 2nd quarter. Franklin Resources Inc. now owns 5,635,190 shares of the transportation company’s stock valued at $623,198,000 after buying an additional 539,620 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of United Parcel Service by 3.0% during the 3rd quarter. Legal & General Group Plc now owns 4,016,959 shares of the transportation company’s stock valued at $482,280,000 after buying an additional 118,403 shares in the last quarter. Institutional investors own 53.51% of the company’s stock.

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United Parcel Service Company Profile

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)

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