United Parcel Service (NYSE:UPS) Coverage Initiated at Truist Financial

Investment analysts at Truist Financial assumed coverage on shares of United Parcel Service (NYSE:UPS) in a research note issued to investors on Thursday, Marketbeat.com reports. The firm set a “buy” rating and a $140.00 price target on the transportation company’s stock. Truist Financial’s target price would suggest a potential upside of 19.76% from the company’s previous close.

Several other analysts also recently weighed in on the company. Wolfe Research raised United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a report on Wednesday, January 8th. Loop Capital reduced their target price on United Parcel Service from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Citigroup reduced their target price on United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a report on Friday, January 31st. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a report on Friday, March 7th. They issued a “hold” rating and a $119.00 target price for the company. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and a consensus target price of $138.09.

United Parcel Service Stock Up 1.4 %

Shares of NYSE UPS opened at $116.90 on Thursday. The company has a market capitalization of $99.85 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. 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 business has a 50-day moving average of $120.91 and a two-hundred day moving average of $127.38. United Parcel Service has a 1 year low of $109.40 and a 1 year high of $158.95.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the business posted $2.47 earnings per share. On average, analysts forecast that United Parcel Service will post 7.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United Parcel Service

A number of institutional investors and hedge funds have recently modified their holdings of the company. Centaurus Financial Inc. grew its holdings in shares of United Parcel Service by 4.9% in the 4th quarter. Centaurus Financial Inc. now owns 5,281 shares of the transportation company’s stock worth $666,000 after acquiring an additional 248 shares during the period. Wealthedge Investment Advisors LLC purchased a new stake in United Parcel Service in the 4th quarter valued at approximately $2,768,000. Aegis Wealth Management LLC purchased a new stake in United Parcel Service in the 4th quarter valued at approximately $352,000. Copia Wealth Management purchased a new stake in United Parcel Service in the 4th quarter valued at approximately $1,242,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in United Parcel Service in the 4th quarter valued at approximately $80,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

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.