UBS Group Increases United Parcel Service (NYSE:UPS) Price Target to $170.00

United Parcel Service (NYSE:UPS) had its target price hoisted by investment analysts at UBS Group from $159.00 to $170.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group’s price target suggests a potential upside of 23.70% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group reduced their target price on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Oppenheimer dropped their price target on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Stifel Nicolaus upped their price objective on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday. Finally, Stephens decreased their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and a consensus price target of $151.43.

United Parcel Service Stock Down 0.7 %

Shares of NYSE:UPS opened at $137.43 on Friday. The business’s 50 day moving average is $130.89 and its 200 day moving average is $135.98. United Parcel Service has a 12-month low of $123.12 and a 12-month high of $163.82. The stock has a market cap of $117.72 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.93 and a beta of 0.99. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.11. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the previous year, the firm earned $1.57 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, sell-side analysts forecast that United Parcel Service will post 7.44 earnings per share for the current fiscal year.

Institutional Trading of United Parcel Service

Institutional investors have recently added to or reduced their stakes in the stock. TruNorth Capital Management LLC purchased a new position in United Parcel Service during the 2nd quarter valued at about $28,000. Stephens Consulting LLC boosted its position in shares of United Parcel Service by 869.6% in the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 200 shares during the period. Riverview Trust Co purchased a new position in United Parcel Service during the second quarter valued at approximately $32,000. Centerpoint Advisors LLC increased its holdings in United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after acquiring an additional 175 shares during the period. Finally, Tortoise Investment Management LLC lifted its stake in United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares in the last quarter. Hedge funds and other 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.