United Parcel Service (NYSE:UPS) Price Target Raised to $160.00

United Parcel Service (NYSE:UPS) had its price target boosted by stock analysts at Susquehanna from $150.00 to $160.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target would indicate a potential upside of 7.49% from the company’s previous close.

UPS has been the topic of several other research reports. Daiwa Capital Markets cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 target price on the stock. in a report on Tuesday, December 26th. HSBC dropped their target price on shares of United Parcel Service from $155.00 to $150.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Oppenheimer raised their target price on shares of United Parcel Service from $153.00 to $157.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Argus cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $166.22.

United Parcel Service Trading Up 2.4 %

NYSE:UPS opened at $148.85 on Wednesday. The company’s 50 day moving average price is $149.52 and its 200-day moving average price is $151.06. United Parcel Service has a 52 week low of $133.68 and a 52 week high of $197.31. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. The stock has a market cap of $126.92 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 1.69 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.14). United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same quarter in the prior year, the business posted $2.20 EPS. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, equities research analysts forecast that United Parcel Service will post 8.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Eva C. Boratto purchased 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average cost of $142.30 per share, with a total value of $199,220.00. Following the purchase, the director now owns 1,400 shares in the company, valued at $199,220. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On United Parcel Service

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MWA Asset Management purchased a new stake in shares of United Parcel Service in the 3rd quarter worth approximately $2,125,000. Chesapeake Wealth Management lifted its position in United Parcel Service by 1.3% during the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after acquiring an additional 103 shares during the last quarter. Cerity Partners LLC lifted its position in United Parcel Service by 13.1% during the fourth quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock valued at $60,908,000 after acquiring an additional 44,721 shares during the last quarter. CapWealth Advisors LLC lifted its position in United Parcel Service by 1.2% during the fourth quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock valued at $9,148,000 after acquiring an additional 686 shares during the last quarter. Finally, Telos Capital Management Inc. lifted its position in United Parcel Service by 1.0% during the third quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock valued at $11,587,000 after acquiring an additional 740 shares during the last quarter. 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.