United Parcel Service (NYSE:UPS) Given New $145.00 Price Target at Evercore ISI

United Parcel Service (NYSE:UPS) had its target price dropped by Evercore ISI from $157.00 to $145.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s target price would indicate a potential upside of 4.21% from the company’s previous close.

Several other research analysts have also recently weighed in on UPS. Oppenheimer increased their price target on shares of United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price on the stock in a report on Wednesday, April 3rd. Susquehanna raised their target price on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. BMO Capital Markets raised their target price on shares of United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Company assumed coverage on shares of United Parcel Service in a report on Friday, June 7th. They set an “overweight” rating and a $156.00 target price on the stock. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $164.55.

United Parcel Service Stock Performance

United Parcel Service stock traded up $2.54 during trading hours on Monday, hitting $139.14. The company had a trading volume of 694,442 shares, compared to its average volume of 3,999,409. The firm has a market cap of $119.04 billion, a PE ratio of 20.17, a PEG ratio of 1.74 and a beta of 1.01. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. United Parcel Service has a one year low of $132.90 and a one year high of $192.98. The firm has a 50-day moving average of $142.34 and a 200 day moving average of $149.18.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business’s revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.20 EPS. On average, sell-side analysts expect that United Parcel Service will post 8.22 earnings per share for the current year.

Institutional Trading of United Parcel Service

Several hedge funds have recently modified their holdings of UPS. Tennessee Valley Asset Management Partners bought a new position in shares of United Parcel Service during the 4th quarter worth about $26,000. Life Planning Partners Inc bought a new position in United Parcel Service in the fourth quarter worth approximately $28,000. Northwest Financial Advisors bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $28,000. Bourgeon Capital Management LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth approximately $31,000. Finally, Security National Bank bought a new position in shares of United Parcel Service in the 4th quarter worth $31,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.