United Parcel Service (NYSE:UPS) PT Raised to $157.00

United Parcel Service (NYSE:UPS) had its target price lifted by research analysts at Oppenheimer from $153.00 to $157.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Oppenheimer’s price objective would indicate a potential upside of 6.48% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Barclays cut their price objective on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 31st. Redburn Atlantic raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Wednesday, April 3rd. Raymond James cut their price target on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 31st. TheStreet raised shares of United Parcel Service from a “c” rating to a “b-” rating in a research report on Tuesday, January 30th. Finally, HSBC cut their price target on shares of United Parcel Service from $155.00 to $150.00 and set a “hold” rating on the stock in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus price target of $166.96.

United Parcel Service Trading Up 0.6 %

UPS opened at $147.45 on Wednesday. The stock has a market capitalization of $125.72 billion, a P/E ratio of 21.37, a P/E/G ratio of 1.68 and a beta of 1.05. United Parcel Service has a 12 month low of $133.68 and a 12 month high of $192.98. The firm’s fifty day simple moving average is $149.57 and its 200 day simple moving average is $151.01. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.33 by $0.10. The business had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.20 EPS. As a group, research analysts anticipate that United Parcel Service will post 8.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the transaction, the director now directly owns 1,400 shares in the company, valued at approximately $199,220. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of United Parcel Service by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock worth $10,568,798,000 after purchasing an additional 178,394 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of 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 acquiring an additional 8,475,698 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of United Parcel Service by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after acquiring an additional 628,944 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of United Parcel Service by 15,631.2% during 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 period. Finally, Franklin Resources Inc. lifted its holdings in shares of United Parcel Service by 11.4% during the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after acquiring an additional 980,317 shares during the period. 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.