United Parcel Service (NYSE:UPS – Get Rating) received a $200.00 price objective from stock analysts at Berenberg Bank in a report released on Friday, Borsen Zeitung reports. Berenberg Bank’s price objective points to a potential upside of 9.57% from the company’s current price.
A number of other equities analysts have also recently weighed in on the company. Loop Capital raised United Parcel Service from a “hold” rating to a “buy” rating and decreased their price objective for the company from $232.00 to $189.00 in a report on Thursday, April 14th. Vertical Research raised their price objective on United Parcel Service from $195.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, February 2nd. Morgan Stanley raised their price objective on United Parcel Service from $135.00 to $150.00 and gave the company an “underweight” rating in a report on Wednesday, February 2nd. Evercore ISI raised their price objective on United Parcel Service from $235.00 to $255.00 and gave the company an “outperform” rating in a report on Wednesday, February 2nd. Finally, StockNews.com initiated coverage on United Parcel Service in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $225.04.
Shares of NYSE:UPS traded up $4.15 on Friday, hitting $182.53. The company’s stock had a trading volume of 2,950,390 shares, compared to its average volume of 3,380,703. The company has a 50-day simple moving average of $191.09 and a 200 day simple moving average of $203.45. United Parcel Service has a 1 year low of $165.34 and a 1 year high of $233.72. The company has a market capitalization of $159.49 billion, a PE ratio of 14.90, a PEG ratio of 1.46 and a beta of 1.16. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.52 and a quick ratio of 1.52.
In other United Parcel Service news, insider Philippe R. Gilbert sold 3,897 shares of the business’s stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $215.37, for a total value of $839,296.89. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.12% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Bragg Financial Advisors Inc increased its position in United Parcel Service by 22.7% during the third quarter. Bragg Financial Advisors Inc now owns 10,420 shares of the transportation company’s stock valued at $1,897,000 after acquiring an additional 1,930 shares during the last quarter. Tranquility Partners LLC bought a new position in shares of United Parcel Service in the fourth quarter worth about $207,000. Zenyatta Capital Management LP bought a new position in shares of United Parcel Service in the fourth quarter worth about $17,147,000. Osher Van de Voorde Investment Management boosted its stake in shares of United Parcel Service by 3.9% in the fourth quarter. Osher Van de Voorde Investment Management now owns 95,280 shares of the transportation company’s stock worth $20,422,000 after acquiring an additional 3,580 shares during the period. Finally, Brookstone Capital Management boosted its stake in United Parcel Service by 3.3% during the fourth quarter. Brookstone Capital Management now owns 22,277 shares of the transportation company’s stock valued at $4,860,000 after buying an additional 713 shares during the last quarter. Hedge funds and other institutional investors own 57.85% 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.
- Get a free copy of the StockNews.com research report on United Parcel Service (UPS)
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