United Parcel Service (NYSE:UPS) Stock Rating Upgraded by Bank of America

United Parcel Service (NYSE:UPS) was upgraded by investment analysts at Bank of America from a “neutral” rating to a “buy” rating in a report released on Thursday, Marketbeat reports. The brokerage presently has a $150.00 price target on the transportation company’s stock. Bank of America‘s price objective suggests a potential upside of 15.59% from the company’s current price.

A number of other analysts also recently weighed in on UPS. The Goldman Sachs Group cut their price target on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised their target price on United Parcel Service from $134.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Barclays reiterated an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a research report on Wednesday, January 8th. Finally, Oppenheimer lifted their target price on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.10.

United Parcel Service Trading Down 0.1 %

Shares of NYSE:UPS opened at $129.77 on Thursday. The company has a market capitalization of $110.74 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The business’s 50 day simple moving average is $129.01 and its 200 day simple moving average is $130.97. United Parcel Service has a 1 year low of $121.56 and a 1 year high of $161.35.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter last year, the business earned $1.57 earnings per share. United Parcel Service’s revenue was up 5.4% on a year-over-year basis. On average, research analysts anticipate that United Parcel Service will post 7.49 EPS for the current fiscal year.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

Institutional Trading of United Parcel Service

A number of large investors have recently bought and sold shares of UPS. True Wealth Design LLC boosted its position in shares of United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. IFS Advisors LLC lifted its stake in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after buying an additional 151 shares during the period. Princeton Global Asset Management LLC boosted its holdings in shares of United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock worth $34,000 after buying an additional 216 shares in the last quarter. PSI Advisors LLC grew its position in shares of United Parcel Service by 408.2% during the 3rd quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after buying an additional 200 shares during the period. Finally, FSA Wealth Management LLC bought a new stake in shares of United Parcel Service in the 3rd quarter valued at $36,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.