United Parcel Service (NYSE:UPS) PT Raised to $165.00

United Parcel Service (NYSE:UPS) had its price target boosted by equities research analysts at BMO Capital Markets from $160.00 to $165.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “market perform” rating on the transportation company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 11.01% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Argus downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Stifel Nicolaus raised their price target on shares of United Parcel Service from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Daiwa Capital Markets downgraded shares of United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 target price on the stock. in a research note on Tuesday, December 26th. Raymond James reduced their target price on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 31st. Finally, JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $165.00 to $156.00 and set a “neutral” rating on the stock in a research note on Thursday, December 21st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $165.23.

United Parcel Service Stock Up 0.9 %

Shares of NYSE UPS opened at $148.64 on Wednesday. The company’s 50-day simple moving average is $150.64 and its 200-day simple moving average is $152.25. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09. The firm has a market cap of $126.74 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 1.64 and a beta of 1.05. United Parcel Service has a 52-week low of $133.68 and a 52-week high of $197.80.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.01. The firm had revenue of $24.92 billion for 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 for the quarter was down 7.8% on a year-over-year basis. During the same period last year, the firm posted $3.62 earnings per share. Equities analysts predict that United Parcel Service will post 8.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Eva C. Boratto purchased 1,400 shares of the stock in a transaction on Friday, February 2nd. The stock was bought at an average price 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of UPS. Pacific Center for Financial Services purchased a new stake in United Parcel Service in the 1st quarter valued at $25,000. VisionPoint Advisory Group LLC purchased a new stake in United Parcel Service in the 2nd quarter valued at $25,000. IMA Wealth Inc. raised its position in United Parcel Service by 100.0% in the 2nd quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 71 shares during the last quarter. Worth Asset Management LLC purchased a new stake in United Parcel Service in the 1st quarter valued at $27,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in United Parcel Service in the 4th quarter valued at $26,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

About United Parcel Service

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.