United Parcel Service (NYSE:UPS) PT Raised to $146.00 at Oppenheimer

United Parcel Service (NYSE:UPS) had its price target hoisted by investment analysts at Oppenheimer from $140.00 to $146.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Oppenheimer’s price target suggests a potential upside of 8.70% from the stock’s previous close.

Other analysts have also issued research reports about the company. Evercore ISI increased their price objective on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Citigroup initiated coverage on United Parcel Service in a report on Wednesday, October 9th. They set a “buy” rating and a $162.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Robert W. Baird decreased their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, Bank of America upped their target price on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.71.

United Parcel Service Stock Down 0.8 %

United Parcel Service stock opened at $134.31 on Monday. The business has a fifty day moving average of $131.12 and a two-hundred day moving average of $135.73. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm has a market cap of $115.05 billion, a P/E ratio of 20.29, a P/E/G ratio of 2.03 and a beta of 0.99. United Parcel Service has a twelve month low of $123.12 and a twelve month high of $163.82.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the prior year, the business posted $1.57 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts forecast that United Parcel Service will post 7.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TruNorth Capital Management LLC purchased a new position in United Parcel Service in the 2nd quarter valued at about $28,000. Riverview Trust Co purchased a new position in United Parcel Service in the 2nd quarter valued at about $32,000. Centerpoint Advisors LLC lifted its holdings 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 acquiring an additional 175 shares during the period. Princeton Global Asset Management LLC lifted 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 acquiring an additional 216 shares during the period. Finally, Tortoise Investment Management LLC lifted its holdings in shares of United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after acquiring an additional 155 shares during the period. 60.26% of the stock is currently owned by hedge funds and other 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.