United Parcel Service (NYSE:UPS) Given New $116.00 Price Target at UBS Group

United Parcel Service (NYSE:UPS) had its price objective lifted by research analysts at UBS Group from $113.00 to $116.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group’s target price suggests a potential upside of 10.14% from the company’s previous close.

UPS has been the topic of several other reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a research note on Wednesday, October 8th. Truist Financial increased their target price on shares of United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 price target (down from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. Citigroup upped their price objective on shares of United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Stifel Nicolaus raised their target price on shares of United Parcel Service from $110.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $110.19.

United Parcel Service Price Performance

UPS stock traded up $0.10 during midday trading on Wednesday, reaching $105.32. The company had a trading volume of 3,731,192 shares, compared to its average volume of 5,325,092. United Parcel Service has a 1-year low of $82.00 and a 1-year high of $136.99. The stock has a 50 day moving average price of $97.23 and a 200-day moving average price of $92.84. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market capitalization of $89.35 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 2.30 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.31 by $0.43. The firm had revenue of $21.42 billion for the quarter, compared to analyst estimates of $20.94 billion. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period last year, the firm earned $1.76 EPS. Equities research analysts expect that United Parcel Service will post 7.95 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 the business. Cornerstone Wealth Group LLC increased its stake in shares of United Parcel Service by 3.9% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock valued at $258,000 after acquiring an additional 97 shares in the last quarter. Bangor Savings Bank grew its holdings in United Parcel Service by 1.9% in the second quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock worth $546,000 after purchasing an additional 101 shares during the period. Fortis Capital Advisors LLC grew its holdings in United Parcel Service by 3.4% in the first quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock worth $350,000 after purchasing an additional 104 shares during the period. Wright Investors Service Inc. increased its stake in United Parcel Service by 1.3% in the second quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company’s stock valued at $793,000 after purchasing an additional 104 shares in the last quarter. Finally, Webster Bank N. A. raised its holdings in shares of United Parcel Service by 13.8% during the second quarter. Webster Bank N. A. now owns 867 shares of the transportation company’s stock valued at $88,000 after purchasing an additional 105 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.