Analysts Set United Parcel Service, Inc. (UPS) Target Price at $123.86

Shares of United Parcel Service, Inc. (NYSE:UPS) have been assigned an average recommendation of “Hold” from the twenty brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $123.86.

Several research analysts recently commented on the company. Argus reiterated a “buy” rating on shares of United Parcel Service in a research note on Tuesday. Bank of America reiterated a “neutral” rating and issued a $112.00 price target (down previously from $116.00) on shares of United Parcel Service in a research note on Friday, February 1st. Berenberg Bank upgraded United Parcel Service from a “hold” rating to a “buy” rating and boosted their price target for the stock from $125.00 to $130.00 in a research note on Monday, April 1st. Credit Suisse Group boosted their price objective on United Parcel Service from $104.00 to $111.00 and gave the company a “neutral” rating in a report on Monday, February 4th. Finally, Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, February 9th.

NYSE:UPS opened at $105.51 on Friday. The company has a debt-to-equity ratio of 5.85, a quick ratio of 1.15 and a current ratio of 1.13. United Parcel Service has a one year low of $89.89 and a one year high of $125.09. The stock has a market capitalization of $91.37 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, April 25th. The transportation company reported $1.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.03). United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The business had revenue of $17.16 billion during the quarter, compared to analyst estimates of $17.79 billion. During the same quarter last year, the firm posted $1.55 EPS. The company’s revenue was up .3% compared to the same quarter last year. As a group, equities research analysts predict that United Parcel Service will post 7.47 earnings per share for the current year.

In other news, CFO Richard N. Peretz sold 9,112 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $111.18, for a total transaction of $1,013,072.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Teri P. Mcclure sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $109.72, for a total value of $548,600.00. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of UPS. CX Institutional acquired a new position in shares of United Parcel Service during the first quarter worth approximately $29,000. RPG Investment Advisory LLC boosted its position in shares of United Parcel Service by 277.1% during the first quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock worth $29,000 after buying an additional 194 shares during the period. Somerset Trust Co boosted its position in shares of United Parcel Service by 161.0% during the first quarter. Somerset Trust Co now owns 274 shares of the transportation company’s stock worth $31,000 after buying an additional 169 shares during the period. Financial Gravity Wealth Inc. acquired a new position in shares of United Parcel Service during the first quarter worth approximately $32,000. Finally, Larson Financial Group LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth approximately $29,000. 55.58% of the stock is owned by institutional investors.

About United Parcel Service

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Analyst Recommendations for United Parcel Service (NYSE:UPS)

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