United Parcel Service (NYSE:UPS) PT Raised to $170.00

United Parcel Service (NYSE:UPS) had its price target lifted by research analysts at UBS Group from $159.00 to $170.00 in a report released on Friday, Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group’s target price would indicate a potential upside of 23.70% from the company’s current price.

A number of other research analysts have also commented on UPS. Robert W. Baird decreased their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Stifel Nicolaus increased their target price on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company raised their price objective on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. The Goldman Sachs Group reduced their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, Citigroup assumed coverage on United Parcel Service in a research note on Wednesday, October 9th. They issued a “buy” rating and a $162.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus target price of $151.43.

United Parcel Service Stock Down 0.7 %

Shares of United Parcel Service stock traded down $0.92 on Friday, reaching $137.43. 4,804,968 shares of the company were exchanged, compared to its average volume of 4,220,707. United Parcel Service has a one year low of $123.12 and a one year high of $163.82. The company has a 50-day moving average of $130.73 and a 200 day moving average of $136.17. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $117.72 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.93 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.11. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the prior year, the business earned $1.57 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that United Parcel Service will post 7.44 earnings per share for the current year.

Institutional Investors Weigh In On United Parcel Service

A number of hedge funds have recently added to or reduced their stakes in UPS. International Assets Investment Management LLC grew its stake in United Parcel Service by 15,779.6% in the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after acquiring an additional 14,539,321 shares during the period. Marshall Wace LLP boosted its position in shares of United Parcel Service by 284.8% during the second quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock valued at $351,681,000 after buying an additional 1,901,914 shares during the last quarter. Spirepoint Private Client LLC purchased a new position in shares of United Parcel Service during the first quarter valued at approximately $160,787,000. Assenagon Asset Management S.A. boosted its position in shares of United Parcel Service by 5,136.2% during the third quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock valued at $147,242,000 after buying an additional 1,059,339 shares during the last quarter. Finally, Interval Partners LP purchased a new position in shares of United Parcel Service during the first quarter valued at approximately $90,099,000. 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.