United Parcel Service (NYSE:UPS) PT Raised to $100.00 at Morgan Stanley

United Parcel Service (NYSE:UPS) had its target price hoisted by investment analysts at Morgan Stanley from $95.00 to $100.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “underweight” rating on the transportation company’s stock. Morgan Stanley’s price objective would suggest a potential downside of 32.72% from the stock’s previous close.

A number of other research analysts also recently weighed in on UPS. Stifel Nicolaus upped their price objective on shares of United Parcel Service from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $165.00 to $170.00 in a research note on Friday, February 16th. Daiwa Capital Markets cut shares of United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 target price for the company. in a research note on Tuesday, December 26th. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $165.00 to $156.00 and set a “neutral” rating for the company in a research note on Thursday, December 21st. Finally, Barclays cut their target price on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $165.23.

United Parcel Service Trading Up 0.9 %

NYSE UPS opened at $148.64 on Wednesday. The company has a market capitalization of $126.74 billion, a PE ratio of 19.08, a P/E/G ratio of 1.64 and a beta of 1.05. The company has a fifty day moving average of $150.64 and a 200 day moving average of $152.25. United Parcel Service has a 1 year low of $133.68 and a 1 year high of $197.80. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.01. The business had revenue of $24.92 billion during the quarter, compared to the consensus estimate of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The company’s revenue was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.62 earnings per share. Research analysts forecast that United Parcel Service will post 8.29 earnings per share for the current year.

Insider Buying and Selling at United Parcel Service

In other news, Director Eva C. Boratto bought 1,400 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were bought at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the acquisition, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On United Parcel Service

Several large investors have recently made changes to their positions in UPS. International Assets Investment Management LLC lifted its holdings in shares of United Parcel Service by 15,631.2% in the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after acquiring an additional 14,410,073 shares during the last quarter. Wellington Management Group LLP lifted its holdings in United Parcel Service by 87.6% during the 4th quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after buying an additional 8,475,698 shares in the last quarter. Norges Bank acquired a new stake in United Parcel Service during the 4th quarter worth approximately $1,255,623,000. Moneta Group Investment Advisors LLC lifted its holdings in United Parcel Service by 105,818.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,215,560 shares of the transportation company’s stock worth $732,833,000 after buying an additional 4,211,580 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in United Parcel Service by 33.7% during the 4th quarter. Morgan Stanley now owns 7,730,090 shares of the transportation company’s stock worth $1,343,799,000 after buying an additional 1,949,775 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

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.