Oppenheimer Forecasts Strong Price Appreciation for United Parcel Service (NYSE:UPS) Stock

United Parcel Service (NYSE:UPS) had its target price lifted by Oppenheimer from $140.00 to $146.00 in a research note published on Monday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the transportation company’s stock.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets dropped their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, July 24th. UBS Group lifted their price target 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. Stephens dropped their price target on shares of 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. Susquehanna lifted their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Bank of America lifted their price target on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.71.

United Parcel Service Trading Up 0.2 %

Shares of UPS stock opened at $134.05 on Monday. The firm has a 50 day moving average price of $131.38 and a two-hundred day moving average price of $135.71. The company has a quick ratio of 1.25, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $114.82 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 2.03 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.

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 the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same period last year, the business posted $1.57 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, analysts predict that United Parcel Service will post 7.41 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.86%. United Parcel Service’s payout ratio is presently 98.49%.

Institutional Trading of United Parcel Service

Several institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC boosted its position in 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 acquiring an additional 14,539,321 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of United Parcel Service by 6.5% in the 1st quarter. Clearbridge Investments LLC now owns 6,671,306 shares of the transportation company’s stock worth $991,556,000 after acquiring an additional 406,248 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of United Parcel Service by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,490,712 shares of the transportation company’s stock worth $888,254,000 after acquiring an additional 20,426 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of United Parcel Service by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 4,144,372 shares of the transportation company’s stock worth $567,157,000 after acquiring an additional 393,434 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of United Parcel Service by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,113,870 shares of the transportation company’s stock worth $611,445,000 after acquiring an additional 101,349 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

About United Parcel Service

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.