Goldman Sachs Group set a $147.00 target price on United Parcel Service (NYSE:UPS) in a research report released on Tuesday morning. The brokerage currently has a buy rating on the transportation company’s stock.
Several other equities analysts have also recently weighed in on the stock. Morgan Stanley raised their target price on shares of United Parcel Service from $92.00 to $93.00 and gave the company a sell rating in a research note on Tuesday, October 9th. Zacks Investment Research raised shares of United Parcel Service from a hold rating to a buy rating and set a $126.00 target price for the company in a research note on Tuesday, July 24th. Stephens set a $128.00 target price on shares of United Parcel Service and gave the company a hold rating in a research note on Wednesday, July 25th. Loop Capital raised their target price on shares of United Parcel Service to $145.00 and gave the company a positive rating in a research note on Friday, September 14th. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating and set a $125.00 target price on shares of United Parcel Service in a research note on Thursday, July 26th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Hold and an average target price of $125.52.
Shares of NYSE UPS opened at $107.30 on Tuesday. The company has a debt-to-equity ratio of 6.43, a current ratio of 1.14 and a quick ratio of 1.21. The firm has a market capitalization of $92.12 billion, a PE ratio of 17.85, a PEG ratio of 1.60 and a beta of 1.16. United Parcel Service has a 1 year low of $101.45 and a 1 year high of $135.53.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.82. The firm had revenue of $17.44 billion during the quarter, compared to analysts’ expectations of $17.48 billion. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.45 earnings per share. As a group, research analysts predict that United Parcel Service will post 7.23 earnings per share for the current fiscal year.
In other United Parcel Service news, COO James J. Barber sold 2,500 shares of United Parcel Service stock in a transaction on Monday, August 20th. The shares were sold at an average price of $121.94, for a total value of $304,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider George Willis sold 4,312 shares of United Parcel Service stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total transaction of $523,218.08. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.
Large investors have recently modified their holdings of the business. Legacy Financial Advisors Inc. bought a new stake in shares of United Parcel Service in the 2nd quarter worth about $111,000. First PREMIER Bank bought a new stake in shares of United Parcel Service in the 2nd quarter worth about $109,000. Moneta Group Investment Advisors LLC lifted its holdings in shares of United Parcel Service by 118.8% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock worth $117,000 after acquiring an additional 600 shares during the last quarter. Signature Wealth Management Group bought a new stake in shares of United Parcel Service in the 2nd quarter worth about $118,000. Finally, Advisors Preferred LLC lifted its holdings in shares of United Parcel Service by 845.8% in the 2nd quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock worth $121,000 after acquiring an additional 1,015 shares during the last quarter. 53.90% of the stock is owned by institutional investors and hedge funds.
United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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