United Parcel Service (NYSE:UPS) Stock Rating Reaffirmed by Evercore ISI

United Parcel Service (NYSE:UPS)‘s stock had its “in-line” rating reissued by stock analysts at Evercore ISI in a report released on Wednesday, Benzinga reports. They currently have a $154.00 price target on the transportation company’s stock. Evercore ISI’s target price would suggest a potential upside of 3.61% from the stock’s previous close.

Several other brokerages have also recently issued reports on UPS. Robert W. Baird upgraded United Parcel Service from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $165.00 to $170.00 in a research report on Friday, February 16th. JPMorgan Chase & Co. lowered their price target on United Parcel Service from $165.00 to $156.00 and set a “neutral” rating on the stock in a research report on Thursday, December 21st. Daiwa Capital Markets cut United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price target on the stock. in a research report on Tuesday, December 26th. Morgan Stanley lifted their price target on United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, TD Cowen lowered their price target on United Parcel Service from $175.00 to $147.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 31st. One equities 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $165.23.

United Parcel Service Stock Up 0.9 %

Shares of United Parcel Service stock opened at $148.64 on Wednesday. The business’s fifty day moving average price is $150.64 and its two-hundred day moving average price is $152.25. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $126.74 billion, a P/E ratio of 19.08, a PEG ratio of 1.64 and a beta of 1.05. United Parcel Service has a 1-year low of $133.68 and a 1-year high of $197.80.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating 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 return on equity of 39.46% and a net margin of 7.37%. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.62 EPS. As a group, research analysts forecast that United Parcel Service will post 8.29 EPS for the current year.

Insider Activity at United Parcel Service

In other news, Director Eva C. Boratto acquired 1,400 shares of United Parcel Service stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the transaction, the director now owns 1,400 shares in the company, valued at $199,220. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Institutional Trading of United Parcel Service

Institutional investors and hedge funds have recently made changes to their positions in the stock. MWA Asset Management acquired a new stake in shares of United Parcel Service in the third quarter worth about $2,125,000. Chesapeake Wealth Management increased its stake in shares of United Parcel Service by 1.3% in the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock worth $1,229,000 after purchasing an additional 103 shares during the period. Ergoteles LLC bought a new position in shares of United Parcel Service in the second quarter worth about $8,571,000. Telos Capital Management Inc. increased its stake in shares of United Parcel Service by 1.0% in the third quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock worth $11,587,000 after purchasing an additional 740 shares during the period. Finally, State Street Corp increased its stake in shares of United Parcel Service by 1.3% in the second quarter. State Street Corp now owns 28,354,781 shares of the transportation company’s stock worth $5,082,594,000 after purchasing an additional 357,974 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

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.