United Parcel Service (NYSE:UPS) Price Target Raised to $126.00 at Citigroup

United Parcel Service (NYSE:UPS) had its price target raised by Citigroup from $120.00 to $126.00 in a report issued on Thursday morning, Marketbeat Ratings reports. They currently have a buy rating on the transportation company’s stock.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus upped their price objective on shares of United Parcel Service from $110.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Wall Street Zen upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Bank of America cut their price target on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a report on Friday, September 26th. Truist Financial lifted their price objective on United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. boosted their price objective on United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seventeen have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, United Parcel Service currently has an average rating of “Hold” and an average target price of $110.38.

United Parcel Service Trading Up 1.5%

Shares of United Parcel Service stock opened at $107.01 on Thursday. United Parcel Service has a 1 year low of $82.00 and a 1 year high of $136.99. The company’s fifty day simple moving average is $97.63 and its 200-day simple moving average is $93.02. The company has a market cap of $90.78 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 2.38 and a beta of 1.11. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.31 by $0.43. The firm had revenue of $21.42 billion during the quarter, compared to analysts’ expectations of $20.94 billion. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.76 EPS. As a group, sell-side analysts expect that United Parcel Service will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.1%. The ex-dividend date was Monday, November 17th. United Parcel Service’s dividend payout ratio is currently 101.39%.

Institutional Investors Weigh In On United Parcel Service

Institutional investors and hedge funds have recently made changes to their positions in the company. Evelyn Partners Investment Management Europe Ltd lifted its holdings in United Parcel Service by 110.1% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 131 shares during the last quarter. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of United Parcel Service during the second quarter worth approximately $26,000. Salzhauer Michael bought a new position in shares of United Parcel Service in the third quarter valued at approximately $31,000. Physician Wealth Advisors Inc. raised its stake in shares of United Parcel Service by 76.5% in the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 163 shares during the last quarter. Finally, Flaharty Asset Management LLC acquired a new position in shares of United Parcel Service in the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service News Roundup

Here are the key news stories impacting United Parcel Service this week:

• Positive Sentiment: Margin-focused earnings beat highlighted by management’s “Efficiency Reimagined” actions — markets cheered improved margins and execution that drove the post-release rally. United Parcel Service (UPS) Is Up 6.3% After Margin-Focused Earnings Beat From Efficiency Reimagined
• Positive Sentiment: Citigroup raised its price target to $126 with a “buy” rating, implying roughly mid-teens upside versus current levels — a catalyst for further buying interest from institutional investors. Analyst Ratings (BayStreet.CA)
• Positive Sentiment: UBS also bumped its target to $116 and maintained a “buy” stance, reinforcing the analyst upgrade momentum supporting the stock. UBS price target raise (Benzinga)
• Positive Sentiment: Recent coverage notes UPS has outperformed the broader market recently, supporting the narrative that the company is stabilizing after prior volume and margin pressure. United Parcel Service (UPS) Surpasses Market Returns: Some Facts Worth Knowing
• Neutral Sentiment: Wolfe Research reiterated a “peer perform” rating — a neutral stance that may limit upside from that broker but doesn’t counter the recent buy-side upgrades. Wolfe Research peer perform reaffirmation
• Neutral Sentiment: Macro commentary: a Fed governor urged sizable rate cuts this year, which could be supportive for equities broadly (including cyclical logistics names) but timing/scale remain uncertain. Fed Governor Wants Huge Rate Cuts This Year
• Negative Sentiment: Comparisons to peers: analysis shows Wabtec (WAB) outpacing UPS on dividend profile and growth, a reminder investors may rotate to peers perceived as stronger yield/growth combos. UPS vs. WAB: Which Dividend-Paying Transportation Stock Has an Edge?

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.