Evercore ISI Forecasts Strong Price Appreciation for United Parcel Service (NYSE:UPS) Stock

United Parcel Service (NYSE:UPS) had its target price increased by Evercore ISI from $141.00 to $147.00 in a report released on Wednesday, Marketbeat Ratings reports. The brokerage currently has an “in-line” rating on the transportation company’s stock. Evercore ISI’s price objective would indicate a potential upside of 10.03% from the stock’s current price.

Several other equities analysts have also recently issued reports on UPS. UBS Group lifted their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Citigroup lowered their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Barclays reaffirmed an “underweight” rating and issued a $120.00 price objective on shares of United Parcel Service in a research note on Monday, October 21st. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus lifted their target price on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $151.24.

United Parcel Service Stock Up 0.8 %

United Parcel Service stock opened at $133.61 on Wednesday. The company’s 50-day moving average price is $128.95 and its two-hundred day moving average price is $130.82. The stock has a market cap of $114.01 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 1.87 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service has a 52 week low of $121.56 and a 52 week high of $161.35.

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

Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction that occurred 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 of the company’s stock, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On United Parcel Service

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Public Sector Pension Investment Board increased its holdings in United Parcel Service by 76.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 28,189 shares of the transportation company’s stock valued at $3,858,000 after buying an additional 12,208 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in United Parcel Service by 61.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 139,404 shares of the transportation company’s stock valued at $19,077,000 after buying an additional 53,053 shares during the period. Toronto Dominion Bank increased its holdings in United Parcel Service by 0.6% in the 2nd quarter. Toronto Dominion Bank now owns 241,863 shares of the transportation company’s stock valued at $33,099,000 after buying an additional 1,511 shares during the period. Point72 Hong Kong Ltd bought a new stake in United Parcel Service in the 2nd quarter valued at $2,631,000. Finally, Alpha DNA Investment Management LLC increased its holdings in United Parcel Service by 6.8% in the 2nd quarter. Alpha DNA Investment Management LLC now owns 7,069 shares of the transportation company’s stock valued at $967,000 after buying an additional 449 shares during the period. 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.