United Parcel Service (NYSE:UPS) Price Target Increased to $157.00 by Analysts at Oppenheimer

United Parcel Service (NYSE:UPS) had its price objective raised by Oppenheimer from $153.00 to $157.00 in a report published on Wednesday, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

A number of other research analysts also recently weighed in on UPS. Daiwa Capital Markets downgraded United Parcel Service from an outperform rating to a neutral rating and set a $155.00 price objective on the stock. in a research note on Tuesday, December 26th. Raymond James cut their price objective on United Parcel Service from $185.00 to $175.00 and set a strong-buy rating on the stock in a research note on Wednesday, January 31st. TheStreet raised United Parcel Service from a c rating to a b- rating in a research report on Tuesday, January 30th. BMO Capital Markets lifted their price target on United Parcel Service from $160.00 to $165.00 and gave the stock a market perform rating in a research report on Wednesday, March 27th. Finally, Stifel Nicolaus dropped their price target on United Parcel Service from $178.00 to $170.00 and set a buy rating on the stock in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $166.09.

United Parcel Service Stock Down 1.5 %

Shares of UPS stock opened at $146.61 on Wednesday. The stock’s 50 day simple moving average is $149.57 and its 200 day simple moving average is $151.03. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.10 and a current ratio of 1.10. United Parcel Service has a twelve month low of $133.68 and a twelve month high of $192.98. The company has a market capitalization of $125.01 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 1.73 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. During the same period last year, the business earned $2.20 EPS. The firm’s revenue was down 5.3% compared to the same quarter last year. As a group, research analysts predict that United Parcel Service will post 8.2 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were paid a $1.63 dividend. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date of this dividend was Friday, February 16th. This represents a $6.52 annualized dividend and a yield of 4.45%. United Parcel Service’s payout ratio is currently 94.49%.

Insider Activity at United Parcel Service

In related news, Director Eva C. Boratto purchased 1,400 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average price of $142.30 per share, with a total value of $199,220.00. Following the purchase, the director now directly owns 1,400 shares in the company, valued at $199,220. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

Institutional Trading of United Parcel Service

Several institutional investors have recently bought and sold shares of the stock. OFI Invest Asset Management acquired a new position in United Parcel Service in the third quarter worth $25,000. Tennessee Valley Asset Management Partners acquired a new position in United Parcel Service in the fourth quarter worth $26,000. Life Planning Partners Inc acquired a new position in United Parcel Service in the fourth quarter worth $28,000. Northwest Financial Advisors acquired a new position in United Parcel Service in the fourth quarter worth $28,000. Finally, Bourgeon Capital Management LLC acquired a new position in United Parcel Service in the fourth quarter worth $31,000. Institutional investors and hedge funds 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.