United Parcel Service (NYSE:UPS) had its target price upped by Loop Capital to $145.00 in a report released on Friday, September 14th, The Fly reports. The firm currently has a positive rating on the transportation company’s stock.
Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded United Parcel Service from a hold rating to a buy rating and set a $133.00 target price on the stock in a report on Friday, August 3rd. UBS Group upgraded United Parcel Service from a neutral rating to a buy rating and set a $125.00 price target on the stock in a report on Monday, July 16th. Goldman Sachs Group set a $139.00 price target on United Parcel Service and gave the company a buy rating in a report on Wednesday, July 25th. ValuEngine upgraded United Parcel Service from a sell rating to a hold rating in a report on Monday, July 16th. Finally, Cowen reiterated a hold rating and issued a $128.00 price target on shares of United Parcel Service in a report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $125.49.
Shares of UPS stock traded up $1.54 during trading hours on Friday, hitting $118.78. 2,867,100 shares of the company’s stock were exchanged, compared to its average volume of 3,474,449. The company has a debt-to-equity ratio of 8.54, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $100.45 billion, a PE ratio of 19.78, a PEG ratio of 1.74 and a beta of 1.16. United Parcel Service has a 52 week low of $101.45 and a 52 week high of $135.53.
United Parcel Service (NYSE:UPS) last announced its earnings results on Wednesday, July 25th. The transportation company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.93 by $0.01. The company had revenue of $17.46 billion for the quarter, compared to analysts’ expectations of $17.34 billion. United Parcel Service had a return on equity of 364.89% and a net margin of 7.49%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.58 earnings per share. As a group, analysts forecast that United Parcel Service will post 7.25 earnings per share for the current fiscal year.
In related news, insider George Willis sold 4,312 shares of United Parcel Service stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $121.34, for a total value of $523,218.08. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Kathleen M. Gutmann sold 1,700 shares of United Parcel Service stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $119.92, for a total value of $203,864.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,512 shares of company stock worth $1,031,932. 0.56% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. Vulcan Value Partners LLC bought a new position in United Parcel Service in the second quarter valued at approximately $308,056,000. Franklin Resources Inc. grew its stake in United Parcel Service by 26.2% in the first quarter. Franklin Resources Inc. now owns 7,464,644 shares of the transportation company’s stock valued at $781,240,000 after purchasing an additional 1,547,617 shares in the last quarter. Mainstay Capital Management LLC ADV grew its stake in United Parcel Service by 4,846.8% in the second quarter. Mainstay Capital Management LLC ADV now owns 890,030 shares of the transportation company’s stock valued at $9,208,000 after purchasing an additional 872,038 shares in the last quarter. Cornerstone Wealth Management LLC grew its stake in United Parcel Service by 10,460.5% in the second quarter. Cornerstone Wealth Management LLC now owns 852,658 shares of the transportation company’s stock valued at $8,053,000 after purchasing an additional 844,584 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in United Parcel Service in the second quarter valued at approximately $77,014,000. 53.96% of the stock is currently 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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