Deutsche Bank Aktiengesellschaft Initiates Coverage on United Parcel Service (NYSE:UPS)

Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service (NYSE:UPS) in a research report issued to clients and investors on Friday, MarketBeat.com reports. The brokerage set a “hold” rating and a $119.00 price target on the transportation company’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential downside of 2.13% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Baird R W cut shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Friday, January 31st. Loop Capital cut their target price on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price on the stock in a report on Wednesday, January 8th. BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $155.00 to $150.00 in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group cut their target price on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $138.00.

United Parcel Service Stock Up 0.9 %

Shares of NYSE UPS opened at $121.59 on Friday. United Parcel Service has a one year low of $109.40 and a one year high of $158.95. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm’s 50 day simple moving average is $121.73 and its two-hundred day simple moving average is $127.77. The stock has a market capitalization of $103.85 billion, a P/E ratio of 17.99, a PEG ratio of 1.55 and a beta of 0.94.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the previous year, the company earned $2.47 EPS. As a group, analysts expect that United Parcel Service will post 7.95 EPS for the current fiscal year.

Hedge Funds Weigh In On United Parcel Service

Several institutional investors and hedge funds have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. grew its stake in shares of United Parcel Service by 5.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 62,953 shares of the transportation company’s stock valued at $8,583,000 after purchasing an additional 3,416 shares during the period. Impax Asset Management Group plc grew its stake in shares of United Parcel Service by 22.4% during the 3rd quarter. Impax Asset Management Group plc now owns 335,306 shares of the transportation company’s stock valued at $45,716,000 after purchasing an additional 61,360 shares during the period. Graypoint LLC grew its stake in shares of United Parcel Service by 82.0% during the 3rd quarter. Graypoint LLC now owns 3,052 shares of the transportation company’s stock valued at $416,000 after purchasing an additional 1,375 shares during the period. Principal Financial Group Inc. grew its stake in shares of United Parcel Service by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock valued at $113,064,000 after purchasing an additional 33,989 shares during the period. Finally, Keynote Financial Services LLC bought a new stake in shares of United Parcel Service during the 3rd quarter valued at about $496,000. 60.26% of the stock is currently owned by institutional investors.

About United Parcel Service

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.