United Parcel Service (NYSE:UPS) Upgraded at StockNews.com

United Parcel Service (NYSE:UPS) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

UPS has been the subject of a number of other research reports. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Evercore ISI boosted their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. TD Cowen started coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 target price for the company. Barclays reaffirmed an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research report on Monday, October 21st. Finally, UBS Group upped their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average price target of $151.71.

United Parcel Service Trading Up 0.6 %

United Parcel Service stock opened at $133.85 on Wednesday. The stock has a market cap of $114.65 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.21 and a beta of 0.99. United Parcel Service has a 12 month low of $123.12 and a 12 month high of $163.82. The company’s fifty day simple moving average is $131.70 and its 200-day simple moving average is $135.40. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last issued 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 $1.63 by $0.13. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.57 earnings per share. As a group, sell-side analysts forecast that United Parcel Service will post 7.47 EPS for the current fiscal year.

Institutional Trading of United Parcel Service

Several hedge funds have recently modified their holdings of UPS. International Assets Investment Management LLC grew its stake in shares of United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock valued at $1,994,853,000 after purchasing an additional 14,539,321 shares during the last quarter. Marshall Wace LLP lifted its holdings in United Parcel Service by 284.8% in the second quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock valued at $351,681,000 after buying an additional 1,901,914 shares during the period. Van ECK Associates Corp lifted its holdings in United Parcel Service by 1,061.1% in the third quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock valued at $232,959,000 after buying an additional 1,620,091 shares during the period. Spirepoint Private Client LLC acquired a new position in United Parcel Service in the first quarter valued at approximately $160,787,000. Finally, Assenagon Asset Management S.A. lifted its holdings in United Parcel Service by 5,136.2% in the third quarter. Assenagon Asset Management S.A. now owns 1,079,964 shares of the transportation company’s stock valued at $147,242,000 after buying an additional 1,059,339 shares during the period. 60.26% of the stock is owned by institutional investors.

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.