Brokerages Set United Parcel Service (UPS) PT at $123.33

United Parcel Service (NYSE:UPS) has received a consensus rating of “Hold” from the twenty-three ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $123.33.

Several brokerages have recently commented on UPS. Robert W. Baird restated a “hold” rating and issued a $130.00 target price on shares of United Parcel Service in a research note on Tuesday, January 9th. Stifel Nicolaus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and reduced their target price for the company from $127.00 to $121.00 in a research note on Tuesday, March 6th. Morgan Stanley boosted their target price on shares of United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a research note on Friday, February 2nd. Knight Equity downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating and reduced their price target for the stock from $135.00 to $115.00 in a research report on Thursday, February 22nd. Finally, Stephens reiterated a “hold” rating and set a $126.00 price target on shares of United Parcel Service in a research report on Monday, April 9th.

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Shares of NYSE:UPS opened at $108.55 on Wednesday. United Parcel Service has a 52 week low of $101.45 and a 52 week high of $135.53. The company has a debt-to-equity ratio of 19.69, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $95,552.88, a PE ratio of 18.06, a PEG ratio of 1.66 and a beta of 1.03.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, February 1st. The transportation company reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.01. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The company had revenue of $18.83 billion for the quarter, compared to the consensus estimate of $18.20 billion. During the same quarter in the previous year, the company earned $1.63 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. sell-side analysts forecast that United Parcel Service will post 7.22 EPS for the current year.

In other United Parcel Service news, SVP Teri P. Mcclure sold 4,500 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $106.80, for a total transaction of $480,600.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in shares of United Parcel Service by 0.7% in the 4th quarter. BlackRock Inc. now owns 44,182,201 shares of the transportation company’s stock valued at $5,264,310,000 after acquiring an additional 317,636 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of United Parcel Service by 2.9% in the 4th quarter. Clearbridge Investments LLC now owns 7,762,342 shares of the transportation company’s stock valued at $924,883,000 after acquiring an additional 218,976 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of United Parcel Service by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 6,712,902 shares of the transportation company’s stock valued at $798,019,000 after acquiring an additional 178,202 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of United Parcel Service by 10.5% in the 4th quarter. Bank of New York Mellon Corp now owns 6,087,376 shares of the transportation company’s stock valued at $725,311,000 after acquiring an additional 577,544 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of United Parcel Service by 3.0% in the 3rd quarter. Legal & General Group Plc now owns 4,016,959 shares of the transportation company’s stock valued at $482,280,000 after acquiring an additional 118,403 shares during the last quarter. Institutional investors own 54.15% of the company’s stock.

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United Parcel Service Company Profile

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.

Analyst Recommendations for United Parcel Service (NYSE:UPS)

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