Sanford C. Bernstein Issues Positive Forecast for United Parcel Service (NYSE:UPS) Stock Price

United Parcel Service (NYSE:UPS) had its target price lifted by stock analysts at Sanford C. Bernstein from $130.00 to $133.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Sanford C. Bernstein’s price target suggests a potential upside of 15.51% from the stock’s previous close.

A number of other research firms also recently weighed in on UPS. Weiss Ratings raised shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. Wall Street Zen raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup raised their price objective on United Parcel Service from $127.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Citizens Jmp assumed coverage on United Parcel Service in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Finally, Susquehanna raised their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $111.50.

United Parcel Service Price Performance

Shares of NYSE UPS traded up $1.99 during trading on Tuesday, reaching $115.14. The company had a trading volume of 384,347 shares, compared to its average volume of 5,947,667. The stock has a market capitalization of $97.87 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 1.87 and a beta of 1.05. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. The stock has a 50-day moving average price of $106.94 and a two-hundred day moving average price of $106.24. United Parcel Service has a twelve month low of $82.00 and a twelve month high of $122.41.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.99 billion. During the same period last year, the company earned $1.49 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, sell-side analysts predict that United Parcel Service will post 7.1 earnings per share for the current year.

Hedge Funds Weigh In On United Parcel Service

Hedge funds and other institutional investors have recently modified their holdings of the stock. University of Texas Texas AM Investment Management Co. bought a new position in United Parcel Service during the 4th quarter valued at about $25,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter worth $25,000. Coston McIsaac & Partners boosted its position in shares of United Parcel Service by 77.8% during the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. Torren Management LLC bought a new stake in United Parcel Service during the 4th quarter worth approximately $29,000. Finally, Kemnay Advisory Services Inc. bought a new stake in United Parcel Service in the 4th quarter valued at approximately $29,000. Institutional investors own 60.26% of the company’s stock.

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.