United Parcel Service (NYSE:UPS – Get Rating) has been given a $200.00 price target by analysts at Berenberg Bank in a report issued on Tuesday, Borsen Zeitung reports. Berenberg Bank’s price target indicates a potential upside of 9.26% from the company’s current price.
UPS has been the subject of a number of other reports. Sanford C. Bernstein set a $272.00 target price on shares of United Parcel Service in a research note on Friday, March 11th. StockNews.com began coverage on shares of United Parcel Service in a research note on Thursday, March 31st. They issued a “buy” rating for the company. The Goldman Sachs Group set a $248.00 target price on shares of United Parcel Service in a research note on Tuesday, February 1st. KeyCorp boosted their target price on shares of United Parcel Service from $250.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 2nd. Finally, Barclays boosted their target price on shares of United Parcel Service from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 2nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service presently has an average rating of “Buy” and an average target price of $233.39.
NYSE:UPS traded down $6.59 on Tuesday, reaching $183.05. The stock had a trading volume of 7,780,377 shares, compared to its average volume of 3,300,799. The company has a market capitalization of $159.33 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 1.64 and a beta of 1.11. United Parcel Service has a 1-year low of $177.13 and a 1-year high of $233.72. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.39. The stock has a fifty day moving average price of $205.31 and a 200-day moving average price of $207.23.
In related news, insider Norman M. Brothers, Jr. sold 5,677 shares of the stock in a transaction on Wednesday, February 2nd. The shares were sold at an average price of $227.52, for a total transaction of $1,291,631.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philippe R. Gilbert sold 3,897 shares of the stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $215.37, for a total transaction of $839,296.89. The disclosure for this sale can be found here. Insiders sold 29,558 shares of company stock valued at $6,491,514 in the last quarter. Corporate insiders own 0.12% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Rational Advisors LLC increased its position in United Parcel Service by 126.4% during the fourth quarter. Rational Advisors LLC now owns 120 shares of the transportation company’s stock worth $26,000 after acquiring an additional 67 shares during the period. First Community Trust NA bought a new position in United Parcel Service in the 4th quarter valued at approximately $26,000. DB Fitzpatrick & Co Inc bought a new position in United Parcel Service during the 4th quarter worth approximately $28,000. Curi Wealth Management LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at $28,000. Finally, Steward Financial Group LLC bought a new stake in shares of United Parcel Service in the 4th quarter valued at $32,000. 56.81% of the stock is currently owned by institutional investors.
About United Parcel Service (Get Rating)
United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
- Get a free copy of the StockNews.com research report on United Parcel Service (UPS)
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