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.
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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