Raymond James Cuts United Parcel Service (NYSE:UPS) Price Target to $250.00

United Parcel Service (NYSE:UPSGet Rating) had its price objective cut by Raymond James from $275.00 to $250.00 in a research report issued to clients and investors on Wednesday, The Fly reports. Raymond James’ price target would suggest a potential upside of 36.57% from the stock’s previous close.

Several other research firms have also issued reports on UPS. Bank of America lowered United Parcel Service from a “buy” rating to a “neutral” rating and set a $204.00 price objective for the company. in a research note on Friday, April 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on United Parcel Service from $221.00 to $216.00 and set a “hold” rating for the company in a research note on Wednesday, February 2nd. Credit Suisse Group lowered their price objective on United Parcel Service from $263.00 to $226.00 in a research note on Wednesday. BNP Paribas raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $191.00 price target for the company in a research note on Thursday, January 20th. Finally, KeyCorp raised their price target on United Parcel Service from $250.00 to $265.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 2nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $231.11.

NYSE UPS opened at $183.05 on Wednesday. The stock has a market capitalization of $159.33 billion, a PE ratio of 12.46, a P/E/G ratio of 1.64 and a beta of 1.11. The business has a 50 day simple moving average of $204.67 and a two-hundred day simple moving average of $207.06. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.42 and a quick ratio of 1.42. United Parcel Service has a 1-year low of $177.13 and a 1-year high of $233.72.

United Parcel Service (NYSE:UPSGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The transportation company reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.17. The business had revenue of $24.40 billion during the quarter, compared to analyst estimates of $23.80 billion. United Parcel Service had a return on equity of 96.17% and a net margin of 13.25%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the company earned $2.77 EPS. On average, analysts anticipate that United Parcel Service will post 12.79 EPS for the current fiscal year.

In other news, insider Norman M. Brothers, Jr. sold 5,677 shares of United Parcel Service stock in a transaction on Wednesday, February 2nd. The stock was sold at an average price of $227.52, for a total value of $1,291,631.04. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Philippe R. Gilbert sold 3,897 shares of United Parcel Service stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $215.37, for a total value of $839,296.89. The disclosure for this sale can be found here. Insiders sold a total of 29,558 shares of company stock worth $6,491,514 over the last quarter. Company insiders own 0.12% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Mount Yale Investment Advisors LLC increased its stake in United Parcel Service by 0.6% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 7,891 shares of the transportation company’s stock worth $1,691,000 after acquiring an additional 44 shares during the last quarter. MV Capital Management Inc. increased its stake in United Parcel Service by 5.8% during the fourth quarter. MV Capital Management Inc. now owns 809 shares of the transportation company’s stock worth $173,000 after acquiring an additional 44 shares during the last quarter. Platform Technology Partners increased its stake in United Parcel Service by 2.8% during the fourth quarter. Platform Technology Partners now owns 1,638 shares of the transportation company’s stock worth $351,000 after acquiring an additional 45 shares during the last quarter. Intrust Bank NA boosted its position in shares of United Parcel Service by 0.8% during the fourth quarter. Intrust Bank NA now owns 5,375 shares of the transportation company’s stock worth $1,152,000 after buying an additional 45 shares during the period. Finally, Great Lakes Advisors LLC boosted its position in shares of United Parcel Service by 0.3% during the fourth quarter. Great Lakes Advisors LLC now owns 17,086 shares of the transportation company’s stock worth $3,663,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 56.81% of the company’s stock.

United Parcel Service Company Profile (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.

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