United Parcel Service (NYSE:UPS) PT Raised to $157.00

United Parcel Service (NYSE:UPS) had its target price upped by equities research analysts at Oppenheimer from $153.00 to $157.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. Oppenheimer’s price target suggests a potential upside of 6.48% from the company’s previous close.

Several other research firms also recently weighed in on UPS. Susquehanna reiterated a “neutral” rating and issued a $150.00 target price on shares of United Parcel Service in a research note on Wednesday, March 27th. Redburn Atlantic upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research note on Wednesday, April 3rd. Argus downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a research note on Tuesday, January 30th. Finally, UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $160.00 to $175.00 in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $166.96.

United Parcel Service Stock Performance

Shares of UPS stock opened at $147.45 on Wednesday. The firm has a market cap of $125.72 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 1.68 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.10 and a current ratio of 1.10. United Parcel Service has a 52 week low of $133.68 and a 52 week high of $192.98. The firm’s 50-day simple moving average is $149.57 and its two-hundred day simple moving average is $151.01.

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

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the stock in a transaction dated Friday, February 2nd. The stock was purchased at an average cost of $142.30 per share, for a total transaction of $199,220.00. Following the acquisition, the director now owns 1,400 shares in the company, valued at approximately $199,220. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On United Parcel Service

Hedge funds have recently made changes to their positions in the business. OFI Invest Asset Management bought a new stake in shares of United Parcel Service in the 3rd quarter worth approximately $25,000. Tennessee Valley Asset Management Partners bought a new stake in United Parcel Service during the 4th quarter valued at $26,000. Life Planning Partners Inc bought a new stake in United Parcel Service during the 4th quarter valued at $28,000. Northwest Financial Advisors bought a new stake in United Parcel Service during the 4th quarter valued at $28,000. Finally, Bourgeon Capital Management LLC bought a new stake in United Parcel Service during the 4th quarter valued at $31,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Company Profile

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.