United Parcel Service (NYSE:UPS) PT Raised to $147.00

United Parcel Service (NYSE:UPS) had its price objective increased by equities research analysts at Credit Suisse Group from $118.00 to $147.00 in a research note issued to investors on Friday, The Fly reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Credit Suisse Group’s price objective suggests a potential upside of 2.97% from the stock’s previous close.

Several other research analysts have also recently weighed in on UPS. Stifel Nicolaus dropped their price target on shares of United Parcel Service from $104.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Deutsche Bank lifted their price target on shares of United Parcel Service from $119.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group lifted their price target on shares of United Parcel Service from $98.00 to $121.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Citigroup lifted their price target on shares of United Parcel Service from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Finally, Barclays cut shares of United Parcel Service from an “equal weight” rating to an “underweight” rating and set a $90.00 price target on the stock. in a research note on Friday, April 17th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $123.62.

NYSE:UPS opened at $142.76 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.22 and a debt-to-equity ratio of 5.86. United Parcel Service has a 12 month low of $82.00 and a 12 month high of $145.50. The company has a market cap of $123.08 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 3.49 and a beta of 0.84. The company has a 50 day simple moving average of $113.28 and a two-hundred day simple moving average of $103.54.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, July 30th. The transportation company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $1.06. The business had revenue of $20.46 billion during the quarter, compared to the consensus estimate of $17.42 billion. United Parcel Service had a net margin of 5.66% and a return on equity of 156.85%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.96 EPS. Research analysts forecast that United Parcel Service will post 5.52 earnings per share for the current year.

In related news, CEO Carol B. Tome purchased 10,100 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were acquired at an average price of $99.33 per share, for a total transaction of $1,003,233.00. Following the purchase, the chief executive officer now directly owns 13,036 shares in the company, valued at $1,294,865.88. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.57% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in United Parcel Service by 1.7% in the 1st quarter. BlackRock Inc. now owns 44,906,446 shares of the transportation company’s stock worth $4,195,157,000 after purchasing an additional 729,531 shares in the last quarter. Wellington Management Group LLP lifted its stake in United Parcel Service by 14.1% in the 1st quarter. Wellington Management Group LLP now owns 10,136,790 shares of the transportation company’s stock worth $946,979,000 after purchasing an additional 1,256,253 shares in the last quarter. Franklin Resources Inc. lifted its stake in United Parcel Service by 52.8% in the 1st quarter. Franklin Resources Inc. now owns 9,877,515 shares of the transportation company’s stock worth $922,779,000 after purchasing an additional 3,412,002 shares in the last quarter. Geode Capital Management LLC lifted its stake in United Parcel Service by 1.6% in the 1st quarter. Geode Capital Management LLC now owns 9,486,401 shares of the transportation company’s stock worth $884,515,000 after purchasing an additional 153,218 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in United Parcel Service by 11.6% in the 1st quarter. Capital Research Global Investors now owns 8,737,167 shares of the transportation company’s stock worth $816,226,000 after purchasing an additional 907,275 shares in the last quarter. Institutional investors and hedge funds own 54.67% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Analyst Recommendations for United Parcel Service (NYSE:UPS)

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