United Parcel Service (NYSE:UPS) PT Raised to $170.00

United Parcel Service (NYSE:UPS) had its price objective upped by stock analysts at UBS Group from $159.00 to $170.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. UBS Group’s target price would suggest a potential upside of 23.70% from the stock’s previous close.

Several other analysts have also issued reports on UPS. Barclays restated an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a research note on Monday. Evercore ISI boosted their target price on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday. Bank of America boosted their price objective on United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday. The Goldman Sachs Group decreased their price objective on United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, Robert W. Baird decreased their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $151.43.

United Parcel Service Stock Performance

UPS stock traded down $0.92 during midday trading on Friday, hitting $137.43. The company’s stock had a trading volume of 4,804,968 shares, compared to its average volume of 4,220,707. The stock’s 50-day moving average price is $130.73 and its 200 day moving average price is $136.17. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. United Parcel Service has a 1 year low of $123.12 and a 1 year high of $163.82. The stock has a market cap of $117.72 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.93 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.11. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 earnings per share. On average, equities analysts forecast that United Parcel Service will post 7.44 EPS for the current year.

Institutional Investors Weigh In On United Parcel Service

Institutional investors have recently bought and sold shares of the stock. TruNorth Capital Management LLC purchased a new stake in United Parcel Service during the 2nd quarter valued at about $28,000. Riverview Trust Co bought a new position in United Parcel Service during the 2nd quarter valued at approximately $32,000. Centerpoint Advisors LLC raised its position in shares of United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after acquiring an additional 175 shares in the last quarter. Stephens Consulting LLC raised its position in shares of United Parcel Service by 869.6% in the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after acquiring an additional 200 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its position in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after acquiring an additional 155 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

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.