BMO Capital Markets Boosts United Parcel Service (NYSE:UPS) Price Target to $169.00

United Parcel Service (NYSE:UPS) had its price target upped by analysts at BMO Capital Markets from $165.00 to $169.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “market perform” rating on the transportation company’s stock. BMO Capital Markets’ price target points to a potential upside of 14.62% from the stock’s previous close.

A number of other analysts have also recently issued reports on the stock. Barclays reduced their price objective on shares of United Parcel Service from $150.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft decreased their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Stifel Nicolaus dropped their price objective on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. HSBC cut their target price on United Parcel Service from $155.00 to $150.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. Finally, Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $165.00 to $170.00 in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $166.96.

United Parcel Service Price Performance

NYSE UPS opened at $147.45 on Wednesday. The business’s fifty day moving average is $149.57 and its 200 day moving average is $151.01. United Parcel Service has a fifty-two week low of $133.68 and a fifty-two week high of $192.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $125.72 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05.

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

Insider Activity

In related news, Director Eva C. Boratto bought 1,400 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, with a total value of $199,220.00. Following the transaction, the director now owns 1,400 shares in the company, valued at approximately $199,220. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On United Parcel Service

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of United Parcel Service by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 67,218,714 shares of the transportation company’s stock valued at $10,568,798,000 after buying an additional 178,394 shares during the period. Wellington Management Group LLP lifted its stake 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 last quarter. Charles Schwab Investment Management Inc. boosted its holdings in 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 valued at $2,456,055,000 after acquiring an additional 628,944 shares during the period. International Assets Investment Management LLC grew its position in United Parcel Service by 15,631.2% in the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after acquiring an additional 14,410,073 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in United Parcel Service by 11.4% in the 4th quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after acquiring an additional 980,317 shares during the last quarter. 60.26% of the stock is 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.