United Parcel Service (NYSE:UPS) PT Raised to $170.00

United Parcel Service (NYSE:UPS) had its target price hoisted by UBS Group from $159.00 to $170.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. UBS Group’s target price would suggest a potential upside of 23.70% from the company’s previous close.

A number of other analysts have also commented on UPS. BMO Capital Markets cut their price target on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Wells Fargo & Company lifted their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Barclays restated an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a research report on Monday, October 21st. Stephens cut their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Finally, Citigroup initiated coverage on United Parcel Service in a report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price objective for the company. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $151.43.

United Parcel Service Price Performance

UPS stock opened at $137.43 on Friday. The stock has a market cap of $117.72 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 1.93 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50 day simple moving average of $130.89 and a 200 day simple moving average of $135.98. United Parcel Service has a 1 year low of $123.12 and a 1 year high of $163.82.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.11. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the prior year, the business earned $1.57 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Research analysts anticipate that United Parcel Service will post 7.44 EPS for the current fiscal year.

Hedge Funds Weigh In On United Parcel Service

Several institutional investors have recently made changes to their positions in UPS. TruNorth Capital Management LLC bought a new stake in United Parcel Service in the 2nd quarter valued at about $28,000. Riverview Trust Co bought a new stake in shares of United Parcel Service during the second quarter valued at approximately $32,000. Centerpoint Advisors LLC raised its position in shares of United Parcel Service by 291.7% during the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after purchasing an additional 175 shares during the period. Stephens Consulting LLC lifted its holdings in shares of United Parcel Service by 869.6% in the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares in the last quarter. Institutional investors and hedge funds 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.