United Parcel Service (NYSE:UPS) Price Target Raised to $160.00 at Susquehanna

United Parcel Service (NYSE:UPS) had its target price hoisted by Susquehanna from $150.00 to $160.00 in a research report report published on Wednesday morning, Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

UPS has been the subject of a number of other reports. Morgan Stanley boosted their price objective on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an underweight rating in a report on Wednesday, March 27th. Redburn Atlantic upgraded shares of United Parcel Service from a neutral rating to a buy rating and set a $180.00 target price for the company in a research note on Wednesday, April 3rd. TD Cowen decreased their target price on shares of United Parcel Service from $147.00 to $140.00 and set a hold rating for the company in a research note on Thursday, March 28th. Robert W. Baird upgraded shares of United Parcel Service from a neutral rating to an outperform rating and boosted their target price for the company from $165.00 to $170.00 in a research note on Friday, February 16th. Finally, UBS Group upgraded shares of United Parcel Service from a neutral rating to a buy rating and boosted their target price for the company from $160.00 to $175.00 in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of Hold and an average target price of $166.09.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $146.61 on Wednesday. United Parcel Service has a twelve month low of $133.68 and a twelve month high of $192.98. The firm has a market cap of $125.01 billion, a P/E ratio of 21.25, a PEG ratio of 1.73 and a beta of 1.05. The company has a 50 day moving average of $149.57 and a 200 day moving average of $151.03. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.11.

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

United Parcel Service Increases Dividend

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tennessee Valley Asset Management Partners bought a new position in shares of United Parcel Service during the 4th quarter valued at about $26,000. OFI Invest Asset Management bought a new position in shares of United Parcel Service during the 3rd quarter valued at about $25,000. Life Planning Partners Inc bought a new position in shares of United Parcel Service during the 4th quarter valued at about $28,000. Northwest Financial Advisors bought a new position in shares of United Parcel Service during the 4th quarter valued at about $28,000. Finally, Pineridge Advisors LLC bought a new position in shares of United Parcel Service during the 4th quarter valued at about $31,000. 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.