United Parcel Service (NYSE:UPS) Price Target Increased to $142.00 by Analysts at Wells Fargo & Company

United Parcel Service (NYSE:UPS) had its price objective raised by equities research analysts at Wells Fargo & Company from $134.00 to $142.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 5.97% from the company’s previous close.

Several other research analysts have also commented on UPS. Citigroup started coverage on United Parcel Service in a research report on Wednesday. They set a “buy” rating and a $162.00 price target for the company. Evercore ISI cut their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating on the stock in a research note on Monday, June 24th. Susquehanna lowered their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. TD Cowen assumed coverage on United Parcel Service in a report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their price target on shares of United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average price target of $151.24.

United Parcel Service Price Performance

NYSE UPS traded up $1.00 during trading hours on Thursday, reaching $134.00. The company’s stock had a trading volume of 520,543 shares, compared to its average volume of 4,209,338. The firm has a market capitalization of $114.78 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.93 and a beta of 0.99. United Parcel Service has a 1-year low of $123.12 and a 1-year high of $163.82. 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’s 50-day moving average is $129.04 and its two-hundred day moving average is $137.26.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The firm had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.54 EPS. On average, equities analysts predict that United Parcel Service will post 7.43 EPS for the current year.

Insider Activity

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The trade was a 3,100.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Pineridge Advisors LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $31,000. TruNorth Capital Management LLC purchased a new stake in United Parcel Service in the 2nd quarter worth approximately $28,000. Stephens Consulting LLC lifted its position in 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 buying an additional 200 shares in the last quarter. Riverview Trust Co acquired a new position in shares of United Parcel Service during the 2nd quarter worth $32,000. Finally, Centerpoint Advisors LLC increased its stake in shares of United Parcel Service by 291.7% during the 2nd 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 last quarter. 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.