United Parcel Service (UPS) PT Raised to $93.00

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United Parcel Service (NYSE:UPS) had its price target lifted by Morgan Stanley from $92.00 to $93.00 in a research report report published on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has a sell rating on the transportation company’s stock.

Other research analysts have also issued reports about the company. Zacks Investment Research raised United Parcel Service from a hold rating to a buy rating and set a $133.00 target price on the stock in a research report on Friday, August 3rd. UBS Group raised United Parcel Service from a neutral rating to a buy rating and set a $125.00 target price on the stock in a research report on Monday, July 16th. Goldman Sachs Group set a $139.00 target price on United Parcel Service and gave the stock a buy rating in a research report on Wednesday, July 25th. ValuEngine raised United Parcel Service from a sell rating to a hold rating in a research report on Monday, July 16th. Finally, Cowen reaffirmed a hold rating and issued a $128.00 target price on shares of United Parcel Service in a research report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $125.49.

Shares of UPS stock opened at $115.64 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 8.54. United Parcel Service has a fifty-two week low of $101.45 and a fifty-two week high of $135.53. The stock has a market capitalization of $100.45 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.74 and a beta of 1.16.

United Parcel Service (NYSE:UPS) last issued its earnings results on Wednesday, July 25th. The transportation company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.01. United Parcel Service had a return on equity of 364.89% and a net margin of 7.49%. The company had revenue of $17.46 billion for the quarter, compared to analyst estimates of $17.34 billion. During the same period in the prior year, the firm posted $1.58 EPS. The business’s revenue was up 9.6% compared to the same quarter last year. Equities research analysts expect that United Parcel Service will post 7.25 earnings per share for the current fiscal year.

In related news, SVP Kathleen M. Gutmann sold 1,700 shares of the stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $119.92, for a total transaction of $203,864.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider George Willis sold 4,312 shares of the stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $121.34, for a total value of $523,218.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,512 shares of company stock valued at $1,031,932. 0.56% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Legacy Financial Advisors Inc. bought a new stake in United Parcel Service during the 2nd quarter valued at approximately $111,000. First PREMIER Bank bought a new stake in United Parcel Service during the 2nd quarter valued at approximately $109,000. Moneta Group Investment Advisors LLC boosted its stake in United Parcel Service by 118.8% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock valued at $117,000 after purchasing an additional 600 shares during the period. Signature Wealth Management Group bought a new stake in United Parcel Service during the 2nd quarter valued at approximately $118,000. Finally, Advisors Preferred LLC boosted its stake in United Parcel Service by 845.8% during the 2nd quarter. Advisors Preferred LLC now owns 1,135 shares of the transportation company’s stock valued at $121,000 after purchasing an additional 1,015 shares during the period. Hedge funds and other institutional investors own 53.96% of the company’s stock.

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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