Goldman Sachs Group initiated coverage on shares of United Parcel Service (NYSE:UPS) in a report published on Wednesday, Benzinga’s Daily Ratings Newsletter reports. The brokerage issued a buy rating and a $123.00 price objective on the transportation company’s stock.
A number of other brokerages have also recently issued reports on UPS. Raymond James set a $33.00 price objective on shares of LKQ and gave the company a buy rating in a report on Friday, April 26th. Argus restated a buy rating and set a $215.00 price objective on shares of AvalonBay Communities in a report on Tuesday, April 30th. Zacks Investment Research upgraded shares of Investors Real Estate Trust Reit from a sell rating to a hold rating in a report on Thursday, May 23rd. Deutsche Bank restated a hold rating on shares of United Parcel Service in a report on Tuesday, July 2nd. Finally, Cowen boosted their price objective on shares of Werner Enterprises from $35.00 to $36.00 and gave the company a market perform rating in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. United Parcel Service currently has an average rating of Hold and an average target price of $117.64.
UPS opened at $105.91 on Wednesday. The company has a debt-to-equity ratio of 5.85, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $88.94 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 1.59 and a beta of 1.23. The business’s 50 day simple moving average is $99.84. United Parcel Service has a fifty-two week low of $89.89 and a fifty-two week high of $125.09.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.03). The firm had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.79 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 205.26%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 EPS. As a group, equities analysts anticipate that United Parcel Service will post 7.46 earnings per share for the current fiscal year.
In other news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $106.03, for a total value of $159,045.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. CX Institutional acquired a new position in United Parcel Service during the first quarter worth $29,000. RPG Investment Advisory LLC boosted its holdings in United Parcel Service by 277.1% during the first quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock worth $29,000 after purchasing an additional 194 shares during the last quarter. Somerset Trust Co boosted its holdings in United Parcel Service by 161.0% during the first quarter. Somerset Trust Co now owns 274 shares of the transportation company’s stock worth $31,000 after purchasing an additional 169 shares during the last quarter. Financial Gravity Wealth Inc. acquired a new position in United Parcel Service during the first quarter worth $32,000. Finally, First National Corp MA ADV acquired a new position in United Parcel Service during the first quarter worth $38,000. Institutional investors own 55.48% of the company’s stock.
About United Parcel Service
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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